The anchor tenant hypothesis: Exploring the role of large, local, R&D-intensive firms in regional innovation systems

We examine the geographic co-location of university research and industrial R&D in three technology areas. While we find strong evidence of co-location of these vertically connected activities, regional economies appear to vary markedly in their ability to convert local academic research into lo...

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Bibliographic Details
Published in:International journal of industrial organization 2003-11, Vol.21 (9), p.1227-1253
Main Authors: Agrawal, Ajay, Cockburn, Iain
Format: Article
Language:English
Subjects:
Absorptive capacity
Colleges & universities
Economics
Enterprises
Hochschulforschung
Hypotheses
Industrial organization
Industrieforschung
Innovation
Innovations
Intellectual property
Location of industry
Organization theory
R&D
Region
Regional innovation systems
Regional studies
Research & development
Research and development
Räumliche Verteilung
Spillovers
Studies
Technology transfer
Theorie
Universities
University technology transfer
Unternehmenskonzentration
Wirtschaftliche Konzentration
Wissenstransfer
Ökonomie
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Summary:We examine the geographic co-location of university research and industrial R&D in three technology areas. While we find strong evidence of co-location of these vertically connected activities, regional economies appear to vary markedly in their ability to convert local academic research into local commercial innovation. We develop and test the hypothesis that the presence of a large, local, R&D-intensive firm—an anchor tenant—enhances the regional innovation system such that local university research is more likely to be absorbed by and to stimulate local industrial R&D.
ISSN:0167-7187
1873-7986
DOI:10.1016/S0167-7187(03)00081-X