The role of organisation structure in the success of start-up science and technology parks (STPs)

Al-Kfairy, Mousa; Mellor, Robert B.

doi:10.1080/14778238.2020.1838962

Cited by 5 publications

(9 citation statements)

References 46 publications

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“…As an STP grows, poor decisions will inevitably become more and more costly, and to avoid a market failure (see Figure 2) may force a high-tech STP to re-focus into a lower-tech area, e.g., hosting general businesses, incubator services, etc. [34]. The alternative route, the other branch of the 'Y-shaped path', is where decision-making can be strengthened within 20 years of STP founding, by including experienced managers from larger firms who possess relevant in-depth knowledge [35].…”

Section: Early Stagesmentioning

confidence: 99%

“…To do this, the young STP should become a focus of innovation that can attract larger firms interested in new ideas, fresh talent and take-overs [36]. There is a trade-off between improved decision-making and the transaction costs incurred for the improvement, which occurs when decision makers from two large organizations are included in the process [34]; although more than two large firms may be present in the STP, involving more large firms simply increases the transaction costs. This scenario was checked by [37], who compared STPs with zero or two large firms in residence, finding support in that the employment rates amongst on-cluster firms in the STP when two large firms were present were significantly better than in the case when no large firms were present, using off-cluster employment as a control [37].…”

Section: Early Stagesmentioning

confidence: 99%

“…Secondly, as proposed by Nobel laureate Joseph Stiglitz, the organizational architecture determines corporate performance. Such parameters allow researchers to use econometric tools such as structural equation modelling (SEM) and Markov chain Monte Carlo (MCMC) techniques [16], often in conjunction with big data (e.g., [17]), panel data (e.g., [18]) and Geographic Information Systems (GIS). GIS have been used for studies on STPs by [19] and by [20].…”

Section: Introductionmentioning

confidence: 99%

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Developing Young Science and Technology Parks: Recent Findings from Industrial Nations Using the Data-Driven Approach

2023

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Science and technology parks (STPs) are curated locations where new technology-based firms (NTBFs) and other SMEs and firms can conglomerate and promote a culture of innovation. Overall, the aim is to construct a sustainable high-value tech entrepreneurship ecosystem, and to this end we present here some recent and novel concepts derived from approaches using a data-driven statistical foundation. This paper considers studies on the organic growth of young start-up science and technology parks by authors who have used big data, econometric analyses, panel data and computer simulations. The results and concepts are derived from industrialized countries, notably Sweden and the UK, and may well be applicable to many regions and emerging economies. The findings are of interest to regional development, technology entrepreneurs considering choosing an STP to inhabit, as well as those in STP central teams, specializing in management and enterprise development, including the sustainable growth of new parks.

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Section: Early Stagesmentioning

confidence: 99%

Section: Early Stagesmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Developing Young Science and Technology Parks: Recent Findings from Industrial Nations Using the Data-Driven Approach

2023

Self Cite

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“…Other authors identify more directly the critical success factors for STPs (Berbegal-Mirabent et al, 2020;Cabral, 1998;5 Etzkowitz & Zhou, 2018;Khanmirzaee et al, 2021;Koh et al, 2005;Xie et al, 2018;Yang, 2018) or focus on STP business model and strategy (Bozzo, 1998;Durão et al, 2005;Hansson et al, 2005). Some recent papers emphasise best management practices (Al-Kfairy & Mellor, 2020;Durak et al, 2021;Laspia et al, 2021;Magalhães Correia et al, 2021) and the role played by tenant expectations and how STPs can modulate them (Lecluyse & Knockaert, 2020;Ng et al, 2021).…”

Section: Main Topics Analysedmentioning

confidence: 99%

The effect of science and technology parks on tenant firms: a literature review

et al. 2022

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Science and technology parks (STPs) are non-spontaneous agglomerations aimed at encouraging the formation and growth of on-site technology and knowledge-based firms. STPs have diffused worldwide, attracting significant, and often public, investment. However, there are contrasting evidence and insights on the effectiveness of these local development, technology and innovation policy tools. This paper provides a comprehensive and systematic review of the STP literature (221 papers, 1987–2021), focusing especially on quantitative papers aimed at assessing the park effect on tenant’s performance. We perform an in-depth quantitative analyses, which allows us to go beyond the inconclusiveness reported in previous review papers, showing that the likelihood of finding positive STP effects increases considerably with sample size. We discuss the limitations of this literature and offer some suggestions for future research.

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“…Moreover, Albahari et al (2018) argued the positive effect of STPs on firms' innovation performance. However, according to Khanmirzaee et al (2018) and Al-Kfairy and Mellor (2020), empirical studies on the evaluation of STP performance of STPs found little evidence supporting these benefits. Despite the lack of empirical support in favor of policy benefits associated with STPs, the idea of STPs is yet popular and persistently used as a policy measure to promote innovation and knowledge sharing.…”

Section: Introductionmentioning

confidence: 99%

Innovation and economic performance of firms in national science & technology park, Islamabad, Pakistan

Ullah

Ahmad

Mehmood

et al. 2023

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Purpose Science and technology parks (STP) are established to facilitate innovation and the rapid development of cutting-edge technologies. The innovation performance of tenants is the primary feature of all successful STPs globally. The purpose of this study is to investigate firms’ innovation and economic performance at the National Science and Technology Park (NSTP), Islamabad, Pakistan. Design/methodology/approach The CDM (the acronym of the three authors’ names, Crépon, Duguet and Mairesse) model following a two-stage approach was used to analyze the survey data of 105 tenants. The innovation performance of tenants was estimated through probit regression at Stage 1, and the economic performance of tenants given their innovation performance was examined at Stage II using Tobit regression and the Heckman model. Findings The findings suggest that compatibility of innovation with the existing competitive advantage of a firm increases the innovation performance of firms, whereas collaboration of firms with NUST for research and development has only a marginal effect on innovation performance. However, the tenant’s business and social networking were weak, possibly due to the short time spent on NSTP. Originality/value These STPs are expected to be hubs of technology development and transfer by fostering open innovation through internal and external collaborations. To the best of the authors’ knowledge, this is the first study to estimate the innovation performance of tenants at NSTP, the first fully integrated STP in Pakistan. Despite shortcomings, the innovation and economic performance of NSTP tenants warrant further public policy support to inculcate open innovation culture.

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The role of organisation structure in the success of start-up science and technology parks (STPs)

Cited by 5 publications

References 46 publications

Developing Young Science and Technology Parks: Recent Findings from Industrial Nations Using the Data-Driven Approach

Developing Young Science and Technology Parks: Recent Findings from Industrial Nations Using the Data-Driven Approach

The effect of science and technology parks on tenant firms: a literature review

Innovation and economic performance of firms in national science & technology park, Islamabad, Pakistan

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