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

IF 2.3 Q3 REGIONAL & URBAN PLANNING Foresight Pub Date : 2023-01-06 DOI:10.1108/fs-08-2021-0151
S. Ullah, Tooba Ahmad, T. Mehmood, A. Sami
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引用次数: 1

Abstract

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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巴基斯坦伊斯兰堡国家科技园企业创新与经济绩效研究
目的建立科技园区是为了促进创新和尖端技术的快速发展。租户的创新表现是全球所有成功STP的主要特征。本研究的目的是调查巴基斯坦伊斯兰堡国家科技园(NSTP)的企业创新和经济绩效。设计/方法/方法CDM(三位作者名字的缩写,Crépon、Duguet和Mairesse)模型采用两阶段方法分析了105名租户的调查数据。在第1阶段,通过probit回归估计租户的创新绩效,在第2阶段,使用Tobit回归和Heckman模型检验租户在创新绩效下的经济绩效。研究结果表明,创新与企业现有竞争优势的兼容性提高了企业的创新绩效,而企业与NUST的研发合作对创新绩效的影响微乎其微。然而,租户的业务和社交网络较弱,可能是由于在NSTP上花费的时间较短。Originality/value这些STP有望通过内部和外部合作促进开放创新,成为技术开发和转让的中心。据作者所知,这是第一项评估NSTP租户创新绩效的研究,NSTP是巴基斯坦第一个完全集成的STP。尽管存在不足,但NSTP租户的创新和经济表现值得进一步的公共政策支持,以灌输开放的创新文化。
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来源期刊
Foresight
Foresight REGIONAL & URBAN PLANNING-
CiteScore
5.10
自引率
5.00%
发文量
45
期刊介绍: ■Social, political and economic science ■Sustainable development ■Horizon scanning ■Scientific and Technological Change and its implications for society and policy ■Management of Uncertainty, Complexity and Risk ■Foresight methodology, tools and techniques
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