TY - JOUR
T1 - Science Parks and the Performance of New Technology-Based Firms
T2 - A Review of Recent U.K. Evidence and an Agenda for Future Research
AU - Siegel, Donald S.
AU - Westhead, Paul
AU - Wright, Mike
N1 - Funding Information:
The authors are thankful for the support provided by Department of Materials Engineering of NED University of Engineering and Technology, Karachi, Pakistan and to General Tyre Industries of Pakistan.
PY - 2003/3
Y1 - 2003/3
N2 - Science parks were established to stimulate the formation and development of new technology-based firms (NTBFs). Despite the potential importance of these institutions as a mechanism for generating technological spillovers and employment growth, there has been little systematic analysis of their impact on NTBFs. In this paper, we review some recent evidence comparing the performance of firms located on and off U.K. science parks. This preliminary evidence suggests that the "returns" to being located on a science park are negligible. We conjecture that these results may be due to imprecise estimates of these returns and may also be masking important differences in the returns to different types of science parks. In addition, we outline an agenda for additional research on the effects of these institutions on NTBF performance.
AB - Science parks were established to stimulate the formation and development of new technology-based firms (NTBFs). Despite the potential importance of these institutions as a mechanism for generating technological spillovers and employment growth, there has been little systematic analysis of their impact on NTBFs. In this paper, we review some recent evidence comparing the performance of firms located on and off U.K. science parks. This preliminary evidence suggests that the "returns" to being located on a science park are negligible. We conjecture that these results may be due to imprecise estimates of these returns and may also be masking important differences in the returns to different types of science parks. In addition, we outline an agenda for additional research on the effects of these institutions on NTBF performance.
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U2 - 10.1023/A:1022268100133
DO - 10.1023/A:1022268100133
M3 - Review article
AN - SCOPUS:0037279165
SN - 0921-898X
VL - 20
SP - 177
EP - 184
JO - Small Business Economics
JF - Small Business Economics
IS - 2
ER -