Using detailed data on Canadian biotechnology firms during the 1990s, we explore the geographic scope of knowledge spillovers and the balance spillover-seeking and expropriation-avoidance in entrants locations. Our findings indicate that knowledge spillovers are highly localized, with entrants...

Using detailed data on Canadian biotechnology firms during the 1990s, we explore the geographic scope of knowledge spillovers and the balance spillover-seeking and expropriation-avoidance in entrants' locations. Our findings indicate that knowledge spillovers are highly localized, with entrants...

Using patent citation data for the U.S., we test whether knowledge spillovers in biotechnology are sensitive to distance. Controlling for self-citation by inventor, assignee and examiner, cohort-based regression analysis shows that spillovers are local but that distance is becoming less...

The paper investigates the role of dynamic externalities, university-industry linkages and role of social networking in the biotechnology industry in the European Union (EU). Universities act as platforms for local knowledge spillovers and universityindustry cluster development in the...

The existing literature on cluster embeddedness largely neglects the impact of finance on the development of firms' network linkages. This is striking in so far that particularly venture capital is often referred to as "smart money" providing firms not only with funds but also with network...