IDEAS home Printed from https://ideas.repec.org/p/cpr/ceprdp/3837.html
   My bibliography  Save this paper

University Spillovers: Strategic Location and New Firm Performance

Author

Listed:
  • 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.

Suggested Citation

  • Audretsch, David B & Lehmann, Erik E & Warning, Susanne, 2003. "University Spillovers: Strategic Location and New Firm Performance," CEPR Discussion Papers 3837, C.E.P.R. Discussion Papers.
  • Handle: RePEc:cpr:ceprdp:3837
    as

    Download full text from publisher

    File URL: http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=3837
    Download Restriction: CEPR Discussion Papers are free to download for our researchers, subscribers and members. If you fall into one of these categories but have trouble downloading our papers, please contact us at subscribers@cepr.org

    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. Attila Varga, 2000. "Local Academic Knowledge Transfers and the Concentration of Economic Activity," Journal of Regional Science, Wiley Blackwell, vol. 40(2), pages 289-309.
    2. Dietmar Harhoff, 1999. "Firm Formation And Regional Spillovers - Evidence From Germany," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 8(1-2), pages 27-55.
    3. Schrader, Stephan, 1991. "Informal technology transfer between firms: Cooperation through information trading," Research Policy, Elsevier, vol. 20(2), pages 153-170, April.
    4. Kiefer, Nicholas M, 1988. "Economic Duration Data and Hazard Functions," Journal of Economic Literature, American Economic Association, vol. 26(2), pages 646-679, June.
    5. Audretsch, David B & Lehmann, Erik, 2002. "Does the New Economy Need New Governance? Ownership, Knowledge and Performance," CEPR Discussion Papers 3626, C.E.P.R. Discussion Papers.
    6. David B. Audretsch & Paula E. Stephan, 1999. "Knowledge spillovers in biotechnology: sources and incentives," Journal of Evolutionary Economics, Springer, vol. 9(1), pages 97-107.
    7. Adam B. Jaffe & Manuel Trajtenberg & Rebecca Henderson, 1993. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," The Quarterly Journal of Economics, Oxford University Press, vol. 108(3), pages 577-598.
    8. Alan D. MacPherson, 1998. "Academic-industry linkages and small firm innovation: evidence from the scientific instruments sector," Entrepreneurship & Regional Development, Taylor & Francis Journals, vol. 10(4), pages 261-276, January.
    9. Bronwyn H. Hall & Albert N. Link & John T. Scott, 2003. "Universities as Research Partners," The Review of Economics and Statistics, MIT Press, vol. 85(2), pages 485-491, May.
    10. Fabel, Oliver, 2001. "The emergence of a new economy: An O-Ring approach," Discussion Papers, Series I 314, University of Konstanz, Department of Economics.
    11. Henderson, Rebecca. & Cockburn, Iain., 1994. "Measuring competence? : exploring firm effects in pharmaceutical research," Working papers 3712-94., Massachusetts Institute of Technology (MIT), Sloan School of Management.
    12. Scott Shane, 2001. "Technological Opportunities and New Firm Creation," Management Science, INFORMS, vol. 47(2), pages 205-220, February.
    13. Audretsch, David B & Feldman, Maryann P, 1996. "R&D Spillovers and the Geography of Innovation and Production," American Economic Review, American Economic Association, vol. 86(3), pages 630-640, June.
    14. Anselin, Luc & Varga, Attila & Acs, Zoltan, 1997. "Local Geographic Spillovers between University Research and High Technology Innovations," Journal of Urban Economics, Elsevier, vol. 42(3), pages 422-448, November.
    15. Lazear, Edward, 2003. "Entrepreneurship," IZA Discussion Papers 760, Institute for the Study of Labor (IZA).
    16. Stephan, Paula E., 2010. "The Economics of Science," Handbook of the Economics of Innovation, Elsevier.
    17. Jaffe, Adam B, 1989. "Real Effects of Academic Research," American Economic Review, American Economic Association, vol. 79(5), pages 957-970, December.
    18. Scott Shane, 2001. "Technology Regimes and New Firm Formation," Management Science, INFORMS, vol. 47(9), pages 1173-1190, September.
    19. Audretsch, David B & Lehmann, Erik, 2002. "Debt or Equity? The Role of Venture Capital in Financing the New Economy in Germany," CEPR Discussion Papers 3656, C.E.P.R. Discussion Papers.
    20. Bania, Neil & Eberts, Randall W & Fogarty, Michael S, 1993. "Universities and the Startup of New Companies: Can We Generalize from Route 128 and Silicon Valley?," The Review of Economics and Statistics, MIT Press, vol. 75(4), pages 761-766, November.
    21. Santoro, Michael D. & Chakrabarti, Alok K., 2002. "Firm size and technology centrality in industry-university interactions," Research Policy, Elsevier, vol. 31(7), pages 1163-1180, September.
    22. Stuart, Toby & Sorenson, Olav, 2003. "The geography of opportunity: spatial heterogeneity in founding rates and the performance of biotechnology firms," Research Policy, Elsevier, vol. 32(2), pages 229-253, February.
    23. Acs, Zoltan J & Audretsch, David B & Feldman, Maryann P, 1992. "Real Effects of Academic Research: Comment," American Economic Review, American Economic Association, vol. 82(1), pages 363-367, March.
    24. Holmes, Thomas J & Schmitz, James A, Jr, 1990. "A Theory of Entrepreneurship and Its Application to the Study of Business Transfers," Journal of Political Economy, University of Chicago Press, vol. 98(2), pages 265-294, April.
    25. Attila Varga, 1998. "Local academic knowledge spillovers and the concentration of economic activity," ERSA conference papers ersa98p493, European Regional Science Association.
    26. Luc Anselin, 2000. "Geographical Spillovers and University Research: A Spatial EconometricPerspective," Growth and Change, Wiley Blackwell, vol. 31(4), pages 501-515.
    27. Zucker, Lynne G & Darby, Michael R & Brewer, Marilynn B, 1998. "Intellectual Human Capital and the Birth of U.S. Biotechnology Enterprises," American Economic Review, American Economic Association, vol. 88(1), pages 290-306, March.
    28. Audretsch, David B & Stephan, Paula E, 1996. "Company-Scientist Locational Links: The Case of Biotechnology," American Economic Review, American Economic Association, vol. 86(3), pages 641-652, June.
    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. Beate Henschel & Carsten Pohl, 2004. "Auswirkungen des demographischen Wandels auf den Arbeitsmarkt in Sachsen : Analyse und Gegenstrategien," ifo Dresden berichtet, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 11(03), pages 05-17, June.
    2. Christian Keuschnigg, 2003. "Public Policy and Venture Capital Backed Innovation," CESifo Working Paper Series 1066, CESifo Group Munich.
    3. 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.
    4. 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.
    5. 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.
    6. 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.
    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. Marcus Dittrich & Wolfgang Gerstenberger & Beate Henschel & 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 - Leibniz Institute for Economic Research at the University of Munich, number 36, October.
    9. Beate Henschel & Carsten Pohl, 2004. "Die Auswirkungen des demographischen Wandels auf den Arbeitsmarkt in Sachsen – Analyse und Gegenstrategien," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(14), pages 05-14, July.
    10. 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.
    11. 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.
    12. Christian Schröder, 2010. "Regionale und unternehmensspezifische Faktoren einer hohen Wachstumsdynamik von IKT Unternehmen in Deutschland," EIIW Discussion paper disbei185, Universitätsbibliothek Wuppertal, University Library.
    13. 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.
    14. Alan Hughes, 2003. "Knowledge Transfer, Entrepreneurship and Economic Growth: Some Reflections and Implications for Policy in the Netherlands," Working Papers wp273, Centre for Business Research, University of Cambridge.

    More about this item

    Keywords

    entreprenuership; strategic firm location; university spillover;

    JEL classification:

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

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:cpr:ceprdp:3837. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (). General contact details of provider: .

    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 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.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.