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University Spillovers: Strategic Location and New Firm Performance

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  • Audretsch, David B
  • Lehmann, Erik E
  • Warning, Susanne

Abstract

This 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 Info

Paper provided by C.E.P.R. Discussion Papers in its series CEPR Discussion Papers with number 3837.

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Date of creation: Mar 2003
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Handle: RePEc:cpr:ceprdp:3837

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Keywords: entreprenuership; strategic firm location; university spillover;

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References

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Citations

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Cited by:
  1. Gerlach, Andrea & Sauer, Thomas & Stoetzer, Matthias-Wolfgang, 2005. "Formen und regionale Verteilung des Wissenstransfers von Hochschulen: Eine repräsentative Fallstudie für Jena," Jena Contributions to Economic Research 2005,1, University of Applied Sciences Jena, Department of Business Administration.
  2. Dirk Czarnitzki & Hanna Hottenrott, 2009. "Are Local Milieus The Key To Innovation Performance?," Journal of Regional Science, Wiley Blackwell, vol. 49(1), pages 81-112.
  3. Sauer, Thomas & Stoetzer, Matthias-Wolfgang & Gerlach, Andrea, 2007. "Forms and regional distribution of knowledge transfer by German universities," Jena Contributions to Economic Research 2007,3, University of Applied Sciences Jena, Department of Business Administration.
  4. Beate Grundig & Carsten Pohl, 2004. "Auswirkungen des demographischen Wandels auf den Arbeitsmarkt in Sachsen : Analyse und Gegenstrategien," ifo Dresden berichtet, Ifo Institute for Economic Research at the University of Munich, vol. 11(03), pages 05-17, 06.
  5. Aleksander Aristovnik & Alka Obadic, 2011. "The Funding And Efficiency Of Higher Education In Croatia And Slovenia: A Non-Parametric Comparison With Eu And Oecd Countries," William Davidson Institute Working Papers Series wp1007, William Davidson Institute at the University of Michigan.
  6. Alka Obadić & Aleksander Aristovnik, 2011. "Relative efficiency of higher education in Croatia and Slovenia: an international comparison," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 13(30), pages 362-376, June.
  7. Stoetzer, Matthias-Wolfgang & Pfeil, Silko & Kaps, Katharina & Sauer, Thomas, 2011. "Regional dispersion of cooperation activities as success factor of innovation oriented SME," Jena Contributions to Economic Research 2011,4, University of Applied Sciences Jena, Department of Business Administration.
  8. Heger, Diana & Rinawi, Miriam & Veith, Tobias, 2011. "The effect of broadband infrastructure on entrepreneurial activities: The case of Germany," ZEW Discussion Papers 11-081, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
  9. Beate Grundig & Carsten Pohl, 2004. "Die Auswirkungen des demographischen Wandels auf den Arbeitsmarkt in Sachsen – Analyse und Gegenstrategien," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 57(14), pages 05-14, 07.
  10. Alan Hughes, 2003. "Knowledge Transfer, Entrepreneurship and Economic Growth: Some Reflections and Implications for Policy in the Netherlands," ESRC Centre for Business Research - Working Papers wp273, ESRC Centre for Business Research.
  11. Marcus Dittrich & Wolfgang Gerstenberger & Beate Grundig & Gunther Markwardt & Carsten Pohl & Heinz Schmalholz & Marcel Thum, 2004. "Demographische Entwicklung im Freistaat Sachsen : Analyse und Strategien zum Bevölkerungsrückgang auf dem Arbeitsmarkt ; Gutachten im Auftrag der Sächsischen Staatskanzlei," ifo Dresden Studien, Ifo Institute for Economic Research at the University of Munich, number 36, October.
  12. Christian Keuschnigg, 2003. "Public Policy and Venture Capital Backed Innovation," CESifo Working Paper Series 1066, CESifo Group Munich.
  13. Aristovnik, Aleksander & Obadić, Alka, 2011. "The funding and efficiency of higher education in Croatia and Slovenia: a non-parametric comparison," MPRA Paper 31466, University Library of Munich, Germany.
  14. Susanne Warning, 2004. "Performance Differences in German Higher Education: Empirical Analysis of Strategic Groups," Working Papers of the Research Group Heterogenous Labor 04-09, Research Group Heterogeneous Labor, University of Konstanz/ZEW Mannheim.

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