Business networks and localization effects for new Swedish technology-based firms’ innovation performance
Journal article, 2019

This study examines the business networks and localization effects for new technology-based firms (NTBFs) in the context of innovation performance (the number of patents and product differentiation). In this regard, the study includes 28 variables. A survey was conducted in 2016 with 401 Swedish NTBFs that were small and young (the employment mean was 1.80 and the average age of each firm was 28.3 months). The biggest category of NTBFs was knowledge-intensive high-technology services, followed by medium high-technology manufacturing, and high-technology manufacturing. Hypotheses on how business networks and localization are related to innovation performance were tested using principal component analysis, correlation analysis, and regression analysis. The results show that the primary significant factor for innovation performance regarding business networks and localization dimensions are professional network services, while industrial and regional areas also have a positive relationship on product differentiation. Our study also shows that innovation performance enhances firms’ abilities to access external financing through professional network services (e.g., venture capital companies).

Localization

Business network

Entrepreneurship

Innovation performance

External financing

New technology-based firm

Author

Hanna Rydehell

Chalmers, Technology Management and Economics, Innovation and R&D Management

Anders Isaksson

Chalmers, Technology Management and Economics, Innovation and R&D Management

Hans Löfsten

Chalmers, Technology Management and Economics, Innovation and R&D Management

Journal of Technology Transfer

0892-9912 (ISSN) 15737047 (eISSN)

Vol. 44 5 1457-1476

Driving Forces

Innovation and entrepreneurship

Subject Categories

Business Administration

DOI

10.1007/s10961-018-9668-2

More information

Latest update

2/23/2021