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Science parks: seedbeds of innovation? A duration analysis of firms’ patenting activity.
- Source :
- Small Business Economics; Feb2009, Vol. 32 Issue 2, p169-190, 22p, 7 Charts, 2 Graphs
- Publication Year :
- 2009
-
Abstract
- This article investigates the role of Science Parks (SPs) as seedbeds of innovation. It aims to verify if and to what extent firms’ innovative performance is affected by relocating inside a SP. The analysis is structured in the form of a duration model that holds patenting as a repeated and event-dependent phenomenon and accounts for the persistence of innovative activities and the cumulativeness of knowledge. Estimates are based on a conditional risk-set model. The study relies on an original database regarding Finnish SPs: 252 firms that in the year 2002 were located in the Parks and the firms’ lifetime patenting activity, over a 33-year-period. We find support for the existence of spillovers and for the positive role of incubators over those firms joining SPs when very young. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 0921898X
- Volume :
- 32
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Small Business Economics
- Publication Type :
- Academic Journal
- Accession number :
- 35867230
- Full Text :
- https://doi.org/10.1007/s11187-007-9075-9