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Títol: Science Parks´ tenants versus out-of-Park firms: who innovates more? A duration model
Autor: Squicciarini M (Squicciarini Mariagrazia)
Referència: Source: JOURNAL OF TECHNOLOGY TRANSFER Volume: 33 Issue: 1 Pages: 45-71 Published: FEB 2008
Volum: 33 Issue: 1
Pàgines: 45-71
Any: 2008
Codi ISBN/ISSN: 0892-9912
Tipus de document: Article
Paraules clau: Science park, survival analysis; matching sample; patents; innovation
Idioma: Anglès
Enllaç: http://www.springerlink.com/content/d7386v2p04264211/fulltext.pdf
Resum: We study the successfulness of Science Parks (SPs) as seedbeds of innovation. We investigate whether SPs enhance the innovative output of their tenants and if tenants outperform comparable outside-SPs firms. We rely on original matching datasets regarding in-and out-SP Finnish firms and their patenting activity over 1970-2002. We estimate and compare the ´before-versus-after´ hazard rates of patenting of both samples. The results suggest that, given the existence of a common tendency to slow down the pace at which all firms patent during their life cycle, Park tenants exhibit a comparatively better performance. Results are robust to various model specifications and to Wald tests performed over the pooled samples.
Adreça: VTT Tech Res Ctr Finland, Espoo 02044, Finland E-mail Addresses: mariagrazia.squicciarini@vtt.fi