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Abstract

This study examines the impact of university spillovers on the locational choice of firm formation. Based on a unique and hand-collected data set of high-technology start-ups publicly listed in Germany, this paper tests the propositions that geographic proximity to the university is influenced by the kind of science and type of knowledge spillover. The results provide evidence that younger high technology start-ups (less than eight years old) settle near universities with a high academic output and a high number of students in both natural and social science. Thus, spillover of tacit knowledge has an impact on the firms' geographic decision. Older firms, however, only locate closer to technical universities in order to satisfy demand for traditional German industries such as engineering and machinery.

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File URL: http://www.tandfonline.com/doi/abs/10.1080/1366271042000265375
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Bibliographic Info

Article provided by Taylor and Francis Journals in its journal Industry and Innovation.

Volume (Year): 11 (2004)
Issue (Month): 3 ()
Pages: 193-206

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Handle: RePEc:taf:indinn:v:11:y:2004:i:3:p:193-206

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Find related papers by JEL classification:

• L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
• M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
• R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - General

References

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Citations

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Cited by:

1. David Audretsch & Marcel Hülsbeck & Erik Lehmann, 2012. "Regional competitiveness, university spillovers, and entrepreneurial activity," Small Business Economics, Springer, vol. 39(3), pages 587-601, October.
   
   • Audretsch, David B. & Hülsbeck, Marcel & Lehmann, Erik E., 2010. "Regional competitiveness, university spillovers and entrepreneurial activity," UO Working Papers 02-10, University of Augsburg, Chair of Management and Organization.
2. Lehmann, Erik E. & Warning, Susanne, 2010. "The impact of regional endowment and university characteristics on university efficiency," UO Working Papers 04-10, University of Augsburg, Chair of Management and Organization.
3. Pamela Mueller, 2005. "Exploring the Knowledge Filter - How Entrepreneurship and University-Industry Relations Drive Economic Growth," ERSA conference papers ersa05p610, European Regional Science Association.
4. Slavtchev, Viktor & Fritsch, Michael, 2005. "The Role of Regional Knowledge Sources for Innovation: An Empirical Assessment," Freiberg Working Papers 2005,15, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.
5. David B. Audretsch & Lehmann Erik E., 2004. "Universitäten als regionale Förderer der Wirtschaft?," ifo Dresden berichtet, Ifo Institute for Economic Research at the University of Munich, vol. 11(03), pages 18-23, 06.
6. André Luiz de Campos, 2010. "A review of the influence of long-term patterns in research and technological development (R&D) formalisation on university-industry links," SPRU Working Paper Series 187, SPRU - Science and Technology Policy Research, University of Sussex.
7. Michael Fritsch & Viktor Slavtchev, 2007. "Universities and Innovation in Space," Industry & Innovation, Taylor and Francis Journals, vol. 14(2), pages 201-218.
   
   • Fritsch, Michael & Slavtchev, Viktor, 2006. "Universities and innovation in space," Freiberg Working Papers 2006,15, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.
8. Réjean Landry & Nabil Amara & Mathieu Ouimet, 2007. "Determinants of knowledge transfer: evidence from Canadian university researchers in natural sciences and engineering," The Journal of Technology Transfer, Springer, vol. 32(6), pages 561-592, December.
9. Michael Fritsch & Viktor Slavtchev, 2005. "The Role of Regional Knowledge for Innovation," ERSA conference papers ersa05p623, European Regional Science Association.
10. Pamela Mueller, 2007. "Exploiting Entrepreneurial Opportunities: The Impact of Entrepreneurship on Growth," Small Business Economics, Springer, vol. 28(4), pages 355-362, April.
11. Stephen Pavelin & Lynda Porter, 2008. "The Corporate Social Performance Content of Innovation in the U.K," Journal of Business Ethics, Springer, vol. 80(4), pages 711-725, July.
12. Kostas Tsekouras & Dimitris Skuras & Irene Daskalopoulou, 2008. "The role of productive efficiency on entry and post-entry performance under different strategic orientation: the case of the Greek plastics and rubber industry," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 29(1), pages 37-55.
13. Manuel Acosta & Daniel Coronado & Esther Flores, 2011. "University spillovers and new business location in high-technology sectors: Spanish evidence," Small Business Economics, Springer, vol. 36(3), pages 365-376, April.
14. Baptista, Rui & Lima, Francisco & Mendonça, Joana, 2011. "Establishment of higher education institutions and new firm entry," Research Policy, Elsevier, vol. 40(5), pages 751-760, June.
15. Jane Marceau, 2007. "Bringing science to life in Australia: the need for a new approach in human health biotechnology policy," The Journal of Technology Transfer, Springer, vol. 32(4), pages 303-327, August.
16. Mueller, Pamela, 2005. "Exploiting entrepreneurial opportunities: the impact of entrepreneurship on economic growth," Freiberg Working Papers 2005,16, TU Bergakademie Freiberg, Faculty of Economics and Business Administration.

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