This study integrates perspectives from the
literature on science parks, environment dynamism, and
on the resources-based view of the firm, to develop an
integrative model of the park location value to resident
firms. Consistent with our theorizing, the externalities
generated by the science park, the firm’s idiosyncratic
endowment in a wide range of resources, and its heterogeneous
competitive environment jointly influence the
differential performance of science park firms. The results
suggest that firms residing in science parks with
more co-located complementary firms demonstrate better
sales and sales growth performance. A firm’s certain
internal and external resource endowment and the munificent
environments within which a firm operates
serve as enabling conditions for better sales and sales
growth performance.
