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Small Business Economics

, Volume 20, Issue 2, pp 177–184 | Cite as

Science Parks and the Performance of New Technology-Based Firms: A Review of Recent U.K. Evidence and an Agenda for Future Research

  • Donald S. Siegel
  • Paul Westhead
  • Mike Wright
Article

Abstract

Science parks were established to stimulate the formation and development of new technology-based firms (NTBFs). Despite the potential importance of these institutions as a mechanism for generating technological spillovers and employment growth, there has been little systematic analysis of their impact on NTBFs. In this paper, we review some recent evidence comparing the performance of firms located on and off U.K. science parks. This preliminary evidence suggests that the "returns" to being located on a science park are negligible. We conjecture that these results may be due to imprecise estimates of these returns and may also be masking important differences in the returns to different types of science parks. In addition, we outline an agenda for additional research on the effects of these institutions on NTBF performance.

Keywords

Additional Research Preliminary Evidence Industrial Organization Potential Importance Employment Growth 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Kluwer Academic Publishers 2003

Authors and Affiliations

  • Donald S. Siegel
    • 1
  • Paul Westhead
    • 2
  • Mike Wright
    • 3
  1. 1.Nottingham University Business SchoolNottinghamUnited Kingdom
  2. 2.Nottingham University Business SchoolNottinghamUnited Kingdom
  3. 3.Nottingham University Business SchoolNottinghamUnited Kingdom

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