A Theoretical and Empirical Analysis of the Decision to Locate on a University Research Park

University research parks constitute a potentially important mechanism for university technology transfer and regional economic development. Unfortunately, there is little theoretical and empirical evidence on the firm-level choice decision to locate on such a facility. We fill this gap by outlining and testing a theoretical model of this selection process. Our empirical results suggest that firms locating on university research park are more research active and more diversified than observationally equivalent firms