Science Parks and the Development of NTBFs-- Location, Survival and Growth
This study investigates survival and growth of NTBFs located on and off two Swedish science parks. We find that firms located on science parks have significantly higher survival rates than off-park firms. However, we observe insignificant differences in sales and employment. Wider variation in the growth rates of firms located on parks together with the better survival suggests that the science parks may be providing favorable locations for NTBFs in a range of development phases. The image benefit associated with a science park location is not helpful in explaining growth, whereas a location benefit associated with cooperation with universities is positively associated with growth.
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