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 language | English |
|---|---|
| Pages (from-to) | 45-71 |
| Journal | Journal of Technology Transfer |
| Volume | 33 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 2008 |
| MoE publication type | A1 Journal article-refereed |
Keywords
- Science Parks
- Survival analysis
- Matching sample
- Patents
- Innovation
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Cite this
Squicciarini, M. (2008). Science Parks' tenants versus out-of-Park firms: Who innovates more? A duration model. Journal of Technology Transfer, 33(1), 45-71. https://doi.org/10.1007/s10961-007-9037-z