RT Journal Article
T1 The effect of science and technology parks on a firm’s performance: a dynamic approach over time
A1 Díez Vial, Isabel
A1 Fernández Olmos, Marta
AB We argue that the benefits provided by locations inside science and technology parks evolve over time. Firms inside parks can improve performance due to certain advantages related to knowledge spillovers and shared resources that can be particularly useful in earlier stages of the industry life cycle. In these industries, local knowledge sharing is particularly useful because no standards are clearly established, as we have confirmed in a sample of 12,800 firms from the PITEC database, located either on- or off-park. We also find that young firms can benefit more from the park than more established businesses in terms of both business growth and innovative capacity. Although older firms have greater experience and investments that would increase their capacity to absorb external knowledge, their associated rigidities prevent them from incorporating changes into their structures.
PB Springer Nature
SN 1432-1386
YR 2017
FD 2017
LK https://hdl.handle.net/20.500.14352/18873
UL https://hdl.handle.net/20.500.14352/18873
LA eng
NO Ministerio de Ciencia e Innovación (MICINN)
NO Gobierno de Aragón/FEDER
NO Universidad de Zaragoza
NO Universidad Complutense de Madrid
DS Docta Complutense
RD 22 ago 2024