Journal
JOURNAL OF TECHNOLOGY TRANSFER
Volume 44, Issue 5, Pages 1547-1576Publisher
SPRINGER
DOI: 10.1007/s10961-018-9668-2
Keywords
Business network; Localization; Innovation performance; New technology-based firm; External financing; Entrepreneurship
Categories
Funding
- Peter Wallenberg Foundation for Economics and Technology
Ask authors/readers for more resources
This study examines the business networks and localization effects for new technology-based firms (NTBFs) in the context of innovation performance (the number of patents and product differentiation). In this regard, the study includes 28 variables. A survey was conducted in 2016 with 401 Swedish NTBFs that were small and young (the employment mean was 1.80 and the average age of each firm was 28.3 months). The biggest category of NTBFs was knowledge-intensive high-technology services, followed by medium high-technology manufacturing, and high-technology manufacturing. Hypotheses on how business networks and localization are related to innovation performance were tested using principal component analysis, correlation analysis, and regression analysis. The results show that the primary significant factor for innovation performance regarding business networks and localization dimensions are professional network services, while industrial and regional areas also have a positive relationship on product differentiation. Our study also shows that innovation performance enhances firms' abilities to access external financing through professional network services (e.g., venture capital companies).
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available