IDEAS home Printed from https://ideas.repec.org/a/kap/sbusec/v26y2006i4p393-407.html
   My bibliography  Save this article

Connectivity and Performance of Science-based Firms

Author

Listed:
  • Annika Rickne

Abstract

This paper addresses whether or not there is a relationship between a young science-based firm’s patterns of connections and the associated resource flows, and its performance. Hypotheses derived from the literature are tested in relation to three performance indicators: inventiveness, innovativeness and employment. Analyzing a set of firms in Sweden, Ohio and Massachusetts, working with biocompatible materials and related products, the results indicate that firm performance is significantly influenced by the firms’ pattern of connectivity. In particular, technology-related connections proved important, where a high diversity in types of sources for technological input, a large number of technological relations and a high amount of technology transfer from the parent organization were related to better performance for this specific group of firms. Copyright Springer 2006

Suggested Citation

  • Annika Rickne, 2006. "Connectivity and Performance of Science-based Firms," Small Business Economics, Springer, vol. 26(4), pages 393-407, May.
    • Handle: RePEc:kap:sbusec:v:26:y:2006:i:4:p:393-407
    DOI: 10.1007/s11187-005-4848-5
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1007/s11187-005-4848-5
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1007/s11187-005-4848-5?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. Pammolli, Fabio & Riccaboni, Massimo, 2002. "Technological Regimes and the Growth of Networks: An Empirical Analysis," Small Business Economics, Springer, vol. 19(3), pages 205-215, November.
    2. David J. TEECE, 2008. "Profiting from technological innovation: Implications for integration, collaboration, licensing and public policy," World Scientific Book Chapters, in: The Transfer And Licensing Of Know-How And Intellectual Property Understanding the Multinational Enterprise in the Modern World, chapter 5, pages 67-87, World Scientific Publishing Co. Pte. Ltd..
    3. Saxenian, AnnaLee, 1991. "The origins and dynamics of production networks in Silicon Valley," Research Policy, Elsevier, vol. 20(5), pages 423-437, October.
    4. Bruderl, Josef & Preisendorfer, Peter, 1998. "Network Support and the Success of Newly Founded Businesses," Small Business Economics, Springer, vol. 10(3), pages 213-225, May.
    5. Ann Markusen, 1996. "Sticky Places in Slippery Space: A Typology of Industrial Districts," Economic Geography, Taylor & Francis Journals, vol. 72(3), pages 293-313, July.
    6. Carlsson, B & Stankiewicz, R, 1991. "On the Nature, Function and Composition of Technological Systems," Journal of Evolutionary Economics, Springer, vol. 1(2), pages 93-118, April.
    7. Feeser, Henry R. & Willard, Gary E., 1989. "Incubators and performance: A comparison of high- and low-growth high-tech firms," Journal of Business Venturing, Elsevier, vol. 4(6), pages 429-442, November.
    8. Orsenigo, L. & Pammolli, F. & Riccaboni, Massimo, 2001. "Technological change and network dynamics: Lessons from the pharmaceutical industry," Research Policy, Elsevier, vol. 30(3), pages 485-508, March.
    9. Pisano, Gary P., 1991. "The governance of innovation: Vertical integration and collaborative arrangements in the biotechnology industry," Research Policy, Elsevier, vol. 20(3), pages 237-249, June.
    10. Toby E. Stuart, 2000. "Interorganizational alliances and the performance of firms: a study of growth and innovation rates in a high‐technology industry," Strategic Management Journal, Wiley Blackwell, vol. 21(8), pages 791-811, August.
    11. Pooran Wynarczyk & Robert Watson, 2005. "Firm Growth and Supply Chain Partnerships: An Empirical Analysis of U.K. SME Subcontractors," Small Business Economics, Springer, vol. 24(1), pages 39-51, February.
    12. Tether, Bruce S., 2002. "Who co-operates for innovation, and why: An empirical analysis," Research Policy, Elsevier, vol. 31(6), pages 947-967, August.
    13. Julia Porter Liebeskind & Amalya Lumerman Oliver & Lynne Zucker & Marilynn Brewer, 1996. "Social networks, Learning, and Flexibility: Sourcing Scientific Knowledge in New Biotechnology Firms," Organization Science, INFORMS, vol. 7(4), pages 428-443, August.
    14. Lawton Smith, Helen & Dickson, Keith & Smith, Stephen Lloyd, 1991. ""There are two sides to every story": Innovation and collaboration within networks of large and small firms," Research Policy, Elsevier, vol. 20(5), pages 457-468, October.
    15. Glasmeier, Amy, 1991. "Technological discontinuities and flexible production networks: The case of Switzerland and the world watch industry," Research Policy, Elsevier, vol. 20(5), pages 469-485, October.
    16. Havnes, Pers-Anders & Senneseth, Knut, 2001. "A Panel Study of Firm Growth among SMEs in Networks," Small Business Economics, Springer, vol. 16(4), pages 293-302, June.
    17. Grandi, Alessandro & Grimaldi, Rosa, 2003. "Exploring the Networking Characteristics of New Venture Founding Teams," Small Business Economics, Springer, vol. 21(4), pages 329-341, December.
    18. Schutjens, Veronique & Stam, Erik, 2003. "The Evolution and Nature of Young Firm Networks: A Longitudinal Perspective," Small Business Economics, Springer, vol. 21(2), pages 115-134, September.
    19. Doutriaux, Jerome, 1992. "Emerging high-tech firms: How durable are their comparative start-up advantages?," Journal of Business Venturing, Elsevier, vol. 7(4), pages 303-322, July.
    20. Florin, Juan, 2005. "Is venture capital worth it? Effects on firm performance and founder returns," Journal of Business Venturing, Elsevier, vol. 20(1), pages 113-135, January.
    21. Amendola, Mario & Bruno, Sergio, 1990. "The behaviour of the innovative firm: Relations to the environment," Research Policy, Elsevier, vol. 19(5), pages 419-433, October.
    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. Schebesch Klaus Bruno, 2011. "Business Incubators And Sustainable Innovation," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 779-785, July.
    2. Pippel, Gunnar, 2012. "The Impact of R&D Collaboration Networks on the Performance of Firms and Regions: A Meta-Analysis of the Evidence," IWH Discussion Papers 14/2012, Halle Institute for Economic Research (IWH).
    3. Boine Kim & Byoung-Goo Kim, 2023. "An Explorative Study of Resilience Influence on Business Performance of Korean Manufacturing Venture Enterprise," Sustainability, MDPI, vol. 15(9), pages 1-14, April.
    4. Paulo Maçãs Nunes & Zélia Silva Serrasqueiro & João Leitão, 2008. "Are there nonlinear relationships between the profitability of Portuguese service SME and its specific determinants?," The Service Industries Journal, Taylor & Francis Journals, vol. 30(8), pages 1313-1341, August.
    5. Paulo Nunes & Zélia Serrasqueiro & João Leitão, 2013. "Assessing the nonlinear nature of the effects of R&D intensity on growth of SMEs: a dynamic panel data approach," Journal of Evolutionary Economics, Springer, vol. 23(1), pages 97-128, January.
    6. Zélia Serrasqueiro & Paulo Maçãs Nunes, 2008. "Performance and size: empirical evidence from Portuguese SMEs," Small Business Economics, Springer, vol. 31(2), pages 195-217, August.
    7. Nunes, Paulo Maçãs & Serrasqueiro, Zélia & Leitão, João, 2012. "Is there a linear relationship between R&D intensity and growth? Empirical evidence of non-high-tech vs. high-tech SMEs," Research Policy, Elsevier, vol. 41(1), pages 36-53.
    8. Robert Huggins & Andrew Johnston & Rebecca Steffenson, 2008. "Universities, knowledge networks and regional policy," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 1(2), pages 321-340.
    9. Jihye Jeong & Juhee Kim & Hanei Son & Dae-il Nam, 2020. "The Role of Venture Capital Investment in Startups’ Sustainable Growth and Performance: Focusing on Absorptive Capacity and Venture Capitalists’ Reputation," Sustainability, MDPI, vol. 12(8), pages 1-13, April.
    10. Jue Wang & Philip Shapira, 2012. "Partnering with universities: a good choice for nanotechnology start-up firms?," Small Business Economics, Springer, vol. 38(2), pages 197-215, February.
    11. Paulo Nunes & Marco Gonçalves & Zélia Serrasqueiro, 2013. "The influence of age on SMEs’ growth determinants: empirical evidence," Small Business Economics, Springer, vol. 40(2), pages 249-272, February.
    12. Zizah Che Senik & Brenda Scott-Ladd & Lanny Entrekin & Khairul Adham, 2011. "Networking and internationalization of SMEs in emerging economies," Journal of International Entrepreneurship, Springer, vol. 9(4), pages 259-281, December.
    13. Sumi Jha & Vidya Venkatesh, 2023. "Entrepreneurial Satisfaction for Women Micro-entrepreneurs: A Network Perspective," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 13(1), pages 1-17, December.

    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. Bruce Rasmussen, 2010. "Innovation and Commercialisation in the Biopharmaceutical Industry," Books, Edward Elgar Publishing, number 13680.
    2. Colombo, Massimo G. & Grilli, Luca & Piva, Evila, 2006. "In search of complementary assets: The determinants of alliance formation of high-tech start-ups," Research Policy, Elsevier, vol. 35(8), pages 1166-1199, October.
    3. Zahra, Shaker A., 1996. "Technology strategy and new venture performance: A study of corporate-sponsored and independent biotechnology ventures," Journal of Business Venturing, Elsevier, vol. 11(4), pages 289-321, July.
    4. Rene Belderbos & Victor Gilsing & Shinya Suzuki, 2015. "Direct and mediated ties to universities: ‘Scientific’ absorptive capacity and innovation performance of pharmaceutical firms," Working Papers of Department of Management, Strategy and Innovation, Leuven 504836, KU Leuven, Faculty of Economics and Business (FEB), Department of Management, Strategy and Innovation, Leuven.
    5. Czarnitzki, Dirk & Hottenrott, Hanna, 2012. "Collaborative R&D as a strategy to attenuate financing constraints," ZEW Discussion Papers 12-049, ZEW - Leibniz Centre for European Economic Research.
    6. Margarida Fontes, 2005. "Distant networking: The knowledge acquisition strategies of 'out-cluster' biotechnology firms," European Planning Studies, Taylor & Francis Journals, vol. 13(6), pages 899-920, September.
    7. Zhang, Jing & Baden-Fuller, Charles & Mangematin, Vincent, 2007. "Technological knowledge base, R&D organization structure and alliance formation: Evidence from the biopharmaceutical industry," Research Policy, Elsevier, vol. 36(4), pages 515-528, May.
    8. Hoenig, Daniel & Henkel, Joachim, 2015. "Quality signals? The role of patents, alliances, and team experience in venture capital financing," Research Policy, Elsevier, vol. 44(5), pages 1049-1064.
    9. Huatao Peng & Geert Duysters & Bert Sadowski, 2016. "The changing role of guanxi in influencing the development of entrepreneurial companies: a case study of the emergence of pharmaceutical companies in China," International Entrepreneurship and Management Journal, Springer, vol. 12(1), pages 215-258, March.
    10. Kollmer, Holger & Dowling, Michael, 2004. "Licensing as a commercialisation strategy for new technology-based firms," Research Policy, Elsevier, vol. 33(8), pages 1141-1151, October.
    11. Antonio Messeni Petruzzelli & Gianluca Murgia, 2020. "University–Industry collaborations and international knowledge spillovers: a joint-patent investigation," The Journal of Technology Transfer, Springer, vol. 45(4), pages 958-983, August.
    12. Fontes, Margarida & Coombs, Rod, 2001. "Contribution of new technology-based firms to the strengthening of technological capabilities in intermediate economies," Research Policy, Elsevier, vol. 30(1), pages 79-97, January.
    13. Jackie Krafft & Francesco Quatraro & Pier Saviotti, 2014. "Knowledge characteristics and the dynamics of technological alliances in pharmaceuticals: empirical evidence from Europe, US and Japan," Journal of Evolutionary Economics, Springer, vol. 24(3), pages 587-622, July.
    14. David Angel, 2002. "Inter-firm Collaboration and Technology Development Partnerships Within US Manufacturing Industries," Regional Studies, Taylor & Francis Journals, vol. 36(4), pages 333-344.
    15. Marina Van Geenhuizen, 2016. "Capability factors in changing patterns of international knowledge relationships among university spin-off firms in Northwest Europe," ERSA conference papers ersa16p405, European Regional Science Association.
    16. Isabel Diez-Vial & Marta Fernández-Olmos, 2017. "The effect of science and technology parks on a firm’s performance: a dynamic approach over time," Journal of Evolutionary Economics, Springer, vol. 27(3), pages 413-434, July.
    17. Luukkonen, Terttu, 2005. "Variability in organisational forms of biotechnology firms," Research Policy, Elsevier, vol. 34(4), pages 555-570, May.
    18. Fabio Pammolli & Massimo Riccaboni & Alessandro Spelta, 2021. "The network origins of Schumpeterian innovation," Journal of Evolutionary Economics, Springer, vol. 31(5), pages 1411-1431, November.
    19. Rothaermel, Frank T., 2001. "Complementary assets, strategic alliances, and the incumbent's advantage: an empirical study of industry and firm effects in the biopharmaceutical industry," Research Policy, Elsevier, vol. 30(8), pages 1235-1251, October.
    20. Lin, Han & Zeng, Saixing & Liu, Haijian & Li, Chao, 2020. "Bridging the gaps or fecklessness? A moderated mediating examination of intermediaries’ effects on corporate innovation," Technovation, Elsevier, vol. 94.

    More about this item

    Statistics

    Access and download statistics

    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:kap:sbusec:v:26:y:2006:i:4:p:393-407. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.