Journal of Emerging Trends in Economics and Management Sciences: Home

Article Title:
Assessing the Efficiency of University Science Parks: From the Perspective of Value-Added Contribution
by Jin Hong, Xiaofen Li, Yunhao Zhu

Abstract:
As an important mechanism to stimulate technological spillovers from universities to firms, University Science Parks (USPs) provide a vital resource network for the survival of new venture, wealth creation and job generation. In this paper, we investigate the efficiency of USPs from the perspective of value-added contribution to analyze how to strengthen the rational allocation of resources and the skill of management of USPs under continuous extension scale and how to promote the value-added contribution of USPs, and we also expect to provide a new avenue for further research of USPs. Based on the data of 65 USPs in China, we apply an evaluation model to assess the efficiency of USPs. Using Stochastic Frontier Analysis, this study measures the efficiency of survival, wealth creation and job generation of USPs. Moreover, built upon the three dimensions of efficiency, this article conducts Cluster Analysis on the efficiency to categorize Chinese USPs into four typologies: multi-superior, incubation orientation, wealth orientation and job orientation. The results suggest that the overall efficiency of USPs is not high, mainly because of the lack of fund, the unreasonable usage of infrastructure, the shortage of service intermediaries and the low the level of management; the results also indicate the increase of survival rate relies on the increase of incubation fund, and the increase of wealth creation and job generation depends on the improvement of physical infrastructure; and the paper distinguishes the differences and the directions of promoting the value-added contribution of four types USPs.

Keywords: USPs, efficiency, SFA, typology, value-added contribution

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