Science park, a high tech fantasy?: an analysis of the science parks of Greece

The literature on science parks evaluation mainly covers the developed countries of OECD. There is a lack of evidence about the role of science parks in the less developed countries. This paper aims to partially fill this gap in literature by examining the science parks in a peripheral European country, Greece. The findings indicate that the picture of the three science parks of Greece is not the same in terms of the links between university and industry. Informal links have been developed between the firms and the local university, however. only the firms located at one science park have developed formal links, while the formal links of the companies of the other two parks are at the infant level at this time. Synergies between the on-park companies are limited only in commercial transactions and social interactions. The research type synergies are completely absent in all three parks. (C) 2001 Elsevier Science Ltd. All rights reserved

The impact of institutions on collaborative innovations and the role of equity-based entry modes

This paper examines the impact of institutional variables on multinational enterprises’ choice between majority and minority acquisitions in their foreign affiliates and how this choice influences their propensity to collaborate with local firms. Using the institutional theory and the transaction costs theory, we develop a number of hypotheses. In particular, we suggest that majority acquisitions will be more likely than minority acquisitions and greenfields to enter collaborative R&D projects in countries that belong to the Civil Law/Eastern European legal tradition, or countries where the protection of minority shareholders is poor. These hypotheses are tested using an unbalanced panel of subsidiaries controlled by British multinationals, located in 39 countries. The results confirm our theoretical predictions