Science Parks' tenants versus out-of-Park firms

Who innovates more? A duration model

Mariagrazia Squicciarini

Research output: Contribution to journalArticleScientificpeer-review

60 Citations (Scopus)

Abstract

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.
Original languageEnglish
Pages (from-to)45 - 71
Number of pages27
JournalJournal of Technology Transfer
Volume33
Issue number1
DOIs
Publication statusPublished - 2008
MoE publication typeA1 Journal article-refereed

Fingerprint

Life cycle
Hazards
Innovation
Duration models
Science parks
Specifications
Patenting
Wald test
Finnish firms
Hazard rate
Model specification
Patents

Keywords

  • Science Parks
  • Survival analysis
  • Matching sample
  • Patents
  • Innovation

Cite this

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Science Parks' tenants versus out-of-Park firms : Who innovates more? A duration model. / Squicciarini, Mariagrazia.

In: Journal of Technology Transfer, Vol. 33, No. 1, 2008, p. 45 - 71.

Research output: Contribution to journalArticleScientificpeer-review

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