Audretsch, David B.; Lehmann, Erik E.; Warning, Susanne - Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft - 2004
This paper examines the impact of locational choice as a firm strategy to access knowledge spillovers from universities. Based on a large data set of young high-technology start-ups publicly listed in Germany, this study tests the propositions that geographic proximity to the university is...