THE ROLE OF SCIENCE AND TECHNOLOGY PARKS IN THE GROWTH OF SALES OF PORTUGUESE FIRMS

Martins, Júlio Paulo da Silva; Rodríguez-Gulías, María Jesús; Rodeiro-Pazos, David; Rios-Rodríguez, Raul

doi:10.1590/S0034-759020230601x

Júlio Paulo da Silva Martins

Conceptualisation

data curation

formal analysis

Research

Methodology

Visualisation

Writing - original draft

Instituto Politécnico de Gestão e Tecnologia, Escola Superior de Gestão, Vila Nova de Gaia, Portugal

https://orcid.org/0000-0002-7093-4840

María Jesús Rodríguez-Gulías

Conceptualisation

data curation

formal analysis

Research

Methodology

Supervision

Validation

Universidade de Santiago de Compostela, Departamento de Economia Financeira e Contabilidade, Santiago de Compostela, Galiza, Spain

https://orcid.org/0000-0001-8390-474X

David Rodeiro-Pazos

Conceptualisation

data curation

formal analysis

Research

Methodology

Project management

Resources

Programmes

Supervision

Validation

Writing - revision and editing

Universidade de Santiago de Compostela, Departamento de Economia Financeira e Contabilidade, Santiago de Compostela, Galiza, Spain

https://orcid.org/0000-0002-5272-2676

Raul Rios-Rodríguez ^**Corresponding author

Research

Supervision

Validation

Writing - original draft

Writing - revision and editing

Universidade de Santiago de Compostela, Departamento de Economia Aplicada, Santiago de Compostela, Galiza, Spain

https://orcid.org/0000-0003-2614-1875

*Corresponding author

CONFLICTS OF INTEREST

The authors have no conflicts of interest to declare.

Ad hoc Associate Editor: Paola Rücker Schaeffer

Variable	Obs.	Mean	std. dev.	Min.	Max.
SALES (thousands of euros)	2 260	606,801	2 451,535	0,010	50 977,990
GSALES WITHOUT NL	1 724	2,029	14,86	-0,994	366,629
GSALES	1 724	0,225	0,99	-5,195	5,907

YEAR	SALES		GVENDAS WITHOUT NL
YEAR	Mean	Median	Mean	Median
2002	2 602,805	644,844
2003	3 604,738	798,464	-5,0%	-4,4%
2004	1 880,431	324,166	11,2%	-7,3%
2005	1 185,172	357,486	428,8%	2,5%
2006	566,503	149,879	34,2%	3,2%
2007	567,323	141,328	237,3%	19,7%
2008	659,145	150,285	269,5%	30,0%
2009	700,973	152,375	72,2%	13,5%
2010	661,684	152,398	238,0%	7,9%
2011	573,173	146,792	194,4%	7,7%
2012	561,711	137,804	340,4%	11,5%
2013	462,676	100,099	104,2%	2,8%
2014	501,215	113,180	206,1%	18,0%

Variable	Parks (1)		No parks (0)		t	P valor
Variable	Mean	std. dev.	Mean	std. dev.	t	P valor
SALES	606,801	2 451,535	278,559	614,744	-6,376^* ***** p<0,01	0,000
GSALES WITHOUT NL	2,029	14,864	1 864,423	79 349,110	0,975	0,330
GSALES	0,225	0,993	0,147	1,025	-2,313^ p<0,05;	0,021

	GSALES	NLAGE	NLAGESQUA	NLEMP	NLSALES
GSALES	1
NLAGE	-0,2908^* * p<0,1;	1
NLAGESQUA	-0,2476^* * p<0,1;	0,9511^* * p<0,1;	1
NLEMP	0,0109	0,3407^* * p<0,1;	0,3273^* * p<0,1;	1
NLSALES	0,1831^* * p<0,1;	0,3916^* * p<0,1;	0,3622^* * p<0,1;	0,6756^* * p<0,1;	1

Variable	GVENDAS	Variable	GVENDAS
GSALES_i,t-1	0,122	YR2011A	-0,048
	(0,072)		(0,047)
PARK	0,003	YR2012A	0,05
	(0,003)		(0,035)
NLAGE	-0,36	_CONS	0,134
	(0,313)		(0,321)
NLAGESQUA	0,062
	(0,070)	Dummies years	Yes
NLEMP	0,094^* * p<0,1;	Nº obs.	2.494
	(0,040)	Nº firms	634
HIGHTECHTOTAL	0,002	Instruments	94
	(0,003)	Degrees of freedom	12
YR2007A	0,323^* * p<0,1;	F Test	7,66
	(0,134)	F p-val.	0
YR2008A	-0,12	AR(1) Test	-4,96
	(0,076)	AR(1) p-val.	0
YR2009A	-0,017	AR(2) Test	0,34
	(0,060)	AR(2) p-val.	0,732
YR2010A	-0,025	J Hansen statistic	90,55
	(0,050)	J Hansen p-val.	0,219

\begin{aligned} {GSALES}_{i, t} = \\ β_{1} {GSALES S}_{i, t - 1} + β_{2} {PARK}_{i} + β_{3} N L A G E_{i, t} + β_{4} N L A G E S Q U A_{i, t} + β_{5} N L E M P_{i, t} + \\ β_{6} {HIGHTECHTOTAL}_{i} + ◻_{i} + ◻_{t} + ◻_{i t} \end{aligned}

[1] *Corresponding author

Brasil

Brasil

THE ROLE OF SCIENCE AND TECHNOLOGY PARKS IN THE GROWTH OF SALES OF PORTUGUESE FIRMS

ABSTRACT