Aharonson, Barak S.; Baum, Joel A.C.; Feldman, Maryann P. - DRUID, Copenhagen Business School, Department of … - 2004
We examine how industrial clustering affects biotechnology firms’ innovativeness, contrasting similar firms not located in clusters or located in clusters that are or are not focused on the firm’s technological specialization. Using detailed firm level data, we find clustered firms are eight...