The role of science and technology parks in the growth of sales of Portuguese firms
The role of science and technology parks (STPs) in economic development, and in particular in the growth of the firms, has received considerable attention from government policies in different countries. However, there is no consensus in the literature on whether the location in these parks has posi...
| Autores: | , , , |
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| Tipo de documento: | artigo |
| Estado: | Versão publicada |
| Data de publicação: | 2023 |
| País: | Brasil |
| Recursos: | Fundação Getulio Vargas (FGV) |
| Repositório: | Revista de Administração de Empresas |
| Idioma: | português inglês |
| OAI Identifier: | oai:ojs.periodicos.fgv.br:article/89850 |
| Acesso em linha: | https://periodicos.fgv.br/rae/article/view/89850 |
| Access Level: | Acceso aberto |
| Palavra-chave: | science and technology parks sales growth regional development location effects Propensity Score Matching parques de ciência e tecnologia crescimento das vendas desenvolvimento regional efeitos da localização parques científico-tecnológicos crecimiento de las ventas desarrollo regional efectos de la ubicación |
| Resumo: | The role of science and technology parks (STPs) in economic development, and in particular in the growth of the firms, has received considerable attention from government policies in different countries. However, there is no consensus in the literature on whether the location in these parks has positive effects on firms’ sales growth. This paper aims to broaden the discussion on the effects of STPs, providing new empirical evidence. With this purpose, we use a sample of 553 Portuguese companies located in these infrastructures and a control sample of the same size. We use the Propensity Score Matching procedure to match the samples and the analysis is carried out using the Generalized Method of Moments in dynamic panel data. The empirical analysis does not prove any statistically significant effect of the location of the firms in science and technology parks on their growth in sales. |
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