Journal
INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION
Volume 24, Issue 2, Pages 381-400Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.ijindorg.2005.07.005
Keywords
science parks; new technology-based firms; innovation; joint research
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This study investigates the value-added contributions of science parks to new technology-based firms (NTBFs). In particular, we focus on whether on-park NTBFs are likely to establish knowledge linkage, represented as joint research, with local higher education institutes (HEIs). Based on a bivariate probit model, we show that on-park NTBFs exhibit a higher propensity to engage in joint research with research institutes. However, the geographical range of knowledge linkage is not localized as hypothesized. Furthermore, no significant difference was found between science parks and other types of property-based initiatives with regard to the degree of encouragement provided to tenants to establish localized HEI linkage. (c) 2005 Elsevier B.V. All rights reserved.
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