IDEAS home Printed from https://ideas.repec.org/a/eee/jbrese/v66y2013i10p1983-1989.html
   My bibliography  Save this article

Performance analysis of NTBFs in knowledge-intensive industries: Evidence from the human health sector

Author

Listed:
  • Yagüe-Perales, R.M.
  • March-Chorda, I.

Abstract

This study aims to shed some light on the differences in performance between New Technology-Based Firms (NTBFs) and others in a knowledge intensive industry, in this case the Human Health (HH) sector. With that purpose in mind, this work involves applying a new model for performance assessment to a representative sample of firms pertaining to the Human Health sector in the Valencia region of Spain. Application of several statistical techniques confirms the presence of an NTBF effect which ascribes a more favorable performance profile to the NTBF group. The analysis also reveals significant disparities at the territorial level between the core of the region and the rest. The Biomedicine branch appears to be a good business opportunity for investors and entrepreneurs but the differences in performance with the other two sectors are not statistically significant.

Suggested Citation

  • Yagüe-Perales, R.M. & March-Chorda, I., 2013. "Performance analysis of NTBFs in knowledge-intensive industries: Evidence from the human health sector," Journal of Business Research, Elsevier, vol. 66(10), pages 1983-1989.
  • Handle: RePEc:eee:jbrese:v:66:y:2013:i:10:p:1983-1989
    DOI: 10.1016/j.jbusres.2013.02.022
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0148296313000465
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.jbusres.2013.02.022?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Thomas H. Brush & Philip Bromiley & Margaretha Hendrickx, 1999. "The relative influence of industry and corporation on business segment performance: an alternative estimate," Strategic Management Journal, Wiley Blackwell, vol. 20(6), pages 519-547, June.
    2. Erkko Autio, 1997. "New Technology-Based Firms in Innovation Networks," Palgrave Macmillan Books, in: Dylan Jones-Evans & Magnus Klofsten (ed.), Technology, Innovation and Enterprise, chapter 7, pages 209-235, Palgrave Macmillan.
    3. Yli-Renko, Helena & Autio, Erkko, 1998. "The Network Embeddedness of New, Technology-Based Firms: Developing a Systemic Evolution Model," Small Business Economics, Springer, vol. 11(3), pages 253-267, November.
    4. Yang, Chih-Hai & Motohashi, Kazuyuki & Chen, Jong-Rong, 2009. "Are new technology-based firms located on science parks really more innovative?: Evidence from Taiwan," Research Policy, Elsevier, vol. 38(1), pages 77-85, February.
    5. ANITA M. McGAHAN & MICHAEL E. PORTER, 1997. "How Much Does Industry Matter, Really?," Strategic Management Journal, Wiley Blackwell, vol. 18(S1), pages 15-30, July.
    6. Wang, Eric C., 2007. "R&D efficiency and economic performance: A cross-country analysis using the stochastic frontier approach," Journal of Policy Modeling, Elsevier, vol. 29(2), pages 345-360.
    7. L. Federico Signorini, 1994. "The Price Of Prato, Or Measuring The Industrial District Effect," Papers in Regional Science, Wiley Blackwell, vol. 73(4), pages 369-392, October.
    8. Autio, E., 1997. "New, technology-based firms in innovation networks symplectic and generative impacts," Research Policy, Elsevier, vol. 26(3), pages 263-281, October.
    9. Yiannis E. Spanos & Spyros Lioukas, 2001. "An examination into the causal logic of rent generation: contrasting Porter's competitive strategy framework and the resource‐based perspective," Strategic Management Journal, Wiley Blackwell, vol. 22(10), pages 907-934, October.
    10. Gabriel Hawawini & Venkat Subramanian & Paul Verdin, 2003. "Is performance driven by industry‐or firm‐specific factors? A new look at the evidence," Strategic Management Journal, Wiley Blackwell, vol. 24(1), pages 1-16, January.
    11. Edward B. Roberts, 1992. "The Success of High-Technology Firms: Early Technological and Marketing Influences," Interfaces, INFORMS, vol. 22(4), pages 3-12, August.
    12. Zhong, Wei & Yuan, Wei & Li, Susan X. & Huang, Zhimin, 2011. "The performance evaluation of regional R&D investments in China: An application of DEA based on the first official China economic census data," Omega, Elsevier, vol. 39(4), pages 447-455, August.
    13. Cooper, Arnold C. & Bruno, Albert V., 1977. "Success among high-technology firms," Business Horizons, Elsevier, vol. 20(2), pages 16-22, April.
    14. Schmalensee, Richard, 1985. "Do Markets Differ Much?," American Economic Review, American Economic Association, vol. 75(3), pages 341-351, June.
    15. Laranja, Manuel & Fontes, Margarida, 1998. "Creative adaptation: the role of new technology based firms in Portugal," Research Policy, Elsevier, vol. 26(9), pages 1023-1036, April.
    16. Tether, B. S. & Storey, D. J., 1998. "Smaller firms and Europe's high technology sectors: a framework for analysis and some statistical evidence," Research Policy, Elsevier, vol. 26(9), pages 947-971, April.
    17. Richard P. Rumelt, 1991. "How much does industry matter?," Strategic Management Journal, Wiley Blackwell, vol. 12(3), pages 167-185, March.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Guldiken, Orhun & Darendeli, Izzet Sidki, 2016. "Too much of a good thing: Board monitoring and R&D investments," Journal of Business Research, Elsevier, vol. 69(8), pages 2931-2938.
    2. Pablo-Lerchundi, Iciar & Morales-Alonso, Gustavo & González-Tirados, Rosa María, 2015. "Influences of parental occupation on occupational choices and professional values," Journal of Business Research, Elsevier, vol. 68(7), pages 1645-1649.
    3. Andrea Setti, 2020. "Linking science-based firms with performance factors: An integrative systematic review of literature," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(2), pages 09-42, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Galbreath, Jeremy & Galvin, Peter, 2008. "Firm factors, industry structure and performance variation: New empirical evidence to a classic debate," Journal of Business Research, Elsevier, vol. 61(2), pages 109-117, February.
    2. Kohls, Tobias & Mager, Ferdinand & Regele, Tobias, 2023. "Competitive advantage and firm, industry, and country effects: An asset pricing perspective," Journal of Economics and Business, Elsevier, vol. 127(C).
    3. Yi-Min Chen, 2008. "How Much Does Country Matter?," International Regional Science Review, , vol. 31(4), pages 404-435, October.
    4. Miguel A. Ariño & Africa Ariño & Roberto Garcia-Castro, 2008. "A model to evaluate transient industry effects," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(8), pages 629-637.
    5. Dmitry Sharapov & Paul Kattuman & Diego Rodriguez & F. Javier Velazquez, 2021. "Using the SHAPLEY value approach to variance decomposition in strategy research: Diversification, internationalization, and corporate group effects on affiliate profitability," Strategic Management Journal, Wiley Blackwell, vol. 42(3), pages 608-623, March.
    6. Tarziján, Jorge & Brahm, Francisco & Daiber, Luis Felipe, 2008. "Entrepreneurial profitability and persistence: Chile versus the U.S.A," Journal of Business Research, Elsevier, vol. 61(6), pages 599-608, June.
    7. Dina Cunha & Sandra T. Silva & Aurora A.C. Teixeira, 2013. "Are Academic Spin-Offs necessarily New Technology-Based firms?," FEP Working Papers 482, Universidade do Porto, Faculdade de Economia do Porto.
    8. Sarada Devi Gadepalli & Arindam Mondal, 2018. "Sources of Business Unit Performance Heterogeneity in India: The Influence of Ownership," Vikalpa: The Journal for Decision Makers, , vol. 43(4), pages 207-221, December.
    9. Pankaj Kumar & Xiaojin Liu & Akbar Zaheer, 2022. "How much does the firm's alliance network matter?," Strategic Management Journal, Wiley Blackwell, vol. 43(8), pages 1433-1468, August.
    10. K. O’Shaughnessy & Eric Gedajlovic & Patrick Reinmoeller, 2007. "The influence of firm, industry and network on the corporate social performance of Japanese firms," Asia Pacific Journal of Management, Springer, vol. 24(3), pages 283-303, September.
    11. N. Houthoofd & S. Desmidt & G. Fidalgo, 2009. "Analyzing Firm Performance Heterogeneity: The Relative Effect Of Business Definition," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 09/580, Ghent University, Faculty of Economics and Business Administration.
    12. Øystein Gjerde & Kjell Knivsflå & Frode Sættem, 2010. "Evidence on competitive advantage and superior stock market performance," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(4), pages 277-301.
    13. Spyridon Stavropoulos & Martijn J. Burger & Dimitris Skuras, 2015. "Data Sparseness and Variance in Accounting Profitability," Tinbergen Institute Discussion Papers 15-014/VII, Tinbergen Institute.
    14. Chen, Yi-Min, 2010. "The continuing debate on firm performance: A multilevel approach to the IT sectors of Taiwan and South Korea," Journal of Business Research, Elsevier, vol. 63(5), pages 471-478, May.
    15. Ketelhöhn, Niels W. & Quintanilla, Carlos, 2012. "Country effects on profitability: A multilevel approach using a sample of Central American firms," Journal of Business Research, Elsevier, vol. 65(12), pages 1767-1772.
    16. Arend, Richard J., 2009. "Industry effects and firm effects: No effect is an island," Journal of Business Research, Elsevier, vol. 62(6), pages 651-659, June.
    17. Jan Schiefer & Stefan Hirsch & Monika Hartmann & Adelina Gschwandtner, 2013. "Industry, firm, year and country effects on profitability in EU food processing," Studies in Economics 1309, School of Economics, University of Kent.
    18. Zacharias, Nicolas A. & Six, Bjoern & Schiereck, Dirk & Stock, Ruth Maria, 2015. "CEO influences on firms' strategic actions: A comparison of CEO-, firm-, and industry-level effects," Journal of Business Research, Elsevier, vol. 68(11), pages 2338-2346.
    19. Raza, Syed Ali & Farooq, M. Shoaib & Khan, Nadeem, 2011. "Firm and industry effects on firm profitability: an empirical analysis of KSE," MPRA Paper 36797, University Library of Munich, Germany.
    20. Amor-Tapia, Borja & Tascón Fernández, María T., 2014. "Estimation of future levels and changes in profitability: The effect of the relative position of the firm in its industry and the operating-financing disaggregation," Revista de Contabilidad - Spanish Accounting Review, Elsevier, vol. 17(1), pages 30-46.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:jbrese:v:66:y:2013:i:10:p:1983-1989. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/jbusres .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.