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Do firms located in science and technology parks enhance innovation performance? The effect of absorptive capacity

Author

Listed:
  • Fernando Ubeda

    (Universidad Autónoma de Madrid)

  • Marta Ortiz-de-Urbina-Criado

    (Universidad Rey Juan Carlos)

  • Eva-María Mora-Valentín

    (Universidad Rey Juan Carlos)

Abstract

This paper shows that the effect of location in science and technology parks is not homogeneous for all firms. The proposed model contemplates a non-linear relationship between belonging to a science and technology park and innovation performance, considering the firm’s absorptive capacity as a moderating variable. A panel dataset of firms located both in and off a park is created, and three main effects are identified. Pre-catching up firms have a low absorptive capacity, and their location in a science and technology park does not improve their innovation performance. Catching up firms have a medium absorptive capacity and constitute the group that can be observed to benefit more by their presence in a science and technology park. Additionally, pre-frontier sharing firms has a high absorptive capacity; however, knowledge duplicity reduces the impact of science and technology parks on their innovation performance. Findings arise practical implications for governments (how to assign public resources to parks?), managers of parks (how to select to the firms of a park?) and managers who need to decide about the convenience of locating their companies on a park (when my company is interested in locating in a park?).

Suggested Citation

  • Fernando Ubeda & Marta Ortiz-de-Urbina-Criado & Eva-María Mora-Valentín, 2019. "Do firms located in science and technology parks enhance innovation performance? The effect of absorptive capacity," The Journal of Technology Transfer, Springer, vol. 44(1), pages 21-48, February.
    • Handle: RePEc:kap:jtecht:v:44:y:2019:i:1:d:10.1007_s10961-018-9686-0
    DOI: 10.1007/s10961-018-9686-0
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    2. Wei Keat Benny Ng & Robin Junker & Rianne Appel-Meulenbroek & Myriam Cloodt & Theo Arentze, 2020. "Perceived benefits of science park attributes among park tenants in the Netherlands," The Journal of Technology Transfer, Springer, vol. 45(4), pages 1196-1227, August.
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    5. T. Theeranattapong & D. Pickernell & C. Simms, 2021. "Systematic literature review paper: the regional innovation system-university-science park nexus," The Journal of Technology Transfer, Springer, vol. 46(6), pages 2017-2050, December.
    6. Carolin Bock & Christian Hackober, 2020. "Unicorns—what drives multibillion-dollar valuations?," Business Research, Springer;German Academic Association for Business Research, vol. 13(3), pages 949-984, November.
    7. Klofsten, Magnus & Lundmark, Erik & Wennberg, Karl & Bank, Megan, 2019. "Incubator specialization and size: divergent paths towards operational scale," Ratio Working Papers 326, The Ratio Institute.
    8. Tangwei Teng & Yi Zhang & Yuefang Si & Jiayi Chen & Xianzhong Cao, 2020. "Government support and firm innovation performance in Chinese science and technology parks: The perspective of firm and sub‐park heterogeneity," Growth and Change, Wiley Blackwell, vol. 51(2), pages 749-770, June.
    9. Taiane Quaresma Leite & André Luis Silva & Joaquim Ramos Silva & Sérgio Evangelista Silva, 2023. "A Multilevel Analysis of the Interaction Between Science Parks and External Agents: a Study in Brazil and Portugal," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 14(2), pages 1790-1829, June.
    10. Yongbo Sun & Ying Sun & Jingyan Liu, 2022. "Does Strategic Alliance Knowledge Heterogeneity Truly Promote Innovation Performance?," Sustainability, MDPI, vol. 14(6), pages 1-15, March.
    11. Ng, Wei Keat Benny & Appel-Meulenbroek, Rianne & Cloodt, Myriam & Arentze, Theo, 2022. "Exploring science park location choice: A stated choice experiment among Dutch technology-based firms," Technological Forecasting and Social Change, Elsevier, vol. 182(C).
    12. Ng, Wei Keat Benny & Appel-Meulenbroek, Rianne & Cloodt, Myriam & Arentze, Theo, 2021. "Perceptual measures of science parks: Tenant firms’ associations between science park attributes and benefits," Technological Forecasting and Social Change, Elsevier, vol. 163(C).

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    More about this item

    Keywords

    Science park; Technology park; Innovation performance; Absorptive capacity; Non-linear relationship;
    All these keywords.

    JEL classification:

    • M15 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - IT Management
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O39 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Other

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