University Spillovers: Strategic Location and New Firm Performance
AbstractThis study examines the impact of location choice as a firm strategy to access knowledge spillovers from universities. Based on a large data-set of young high-technology start-ups publicly listed in Germany, this Paper tests the propositions that not only geographic proximity to the university matters, but also that the degree to which location choice matters is shaped by the field and type of knowledge spillover. The role of geographic proximity as a location strategy is more important in accessing and absorbing knowledge spillovers from publications in scholarly journals in the social sciences than in the natural sciences. By contrast, geographic proximity is more important in accessing human capital embodied in university graduates in the natural sciences than in the social sciences. The results suggest that location proximity to a university effects firm performance.
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Bibliographic InfoPaper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3837.
Date of creation: Mar 2003
Date of revision:
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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, Spatial Production Analysis, and Firm Location - - - General
This paper has been announced in the following NEP Reports:
- NEP-ENT-2003-07-13 (Entrepreneurship)
- NEP-GEO-2003-07-13 (Economic Geography)
- NEP-INO-2003-07-13 (Innovation)
- NEP-URE-2003-07-13 (Urban & Real Estate Economics)
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