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This study investigates how geographical proximity with innovation ecosystems’ agents contribute to Schumpeterian firms’ innovation performance. By adopting the knowledge spillover theory, we propose and test a conceptual model using a firm-level data that merged information from multiple sources resulting in 3,074 observations during the period of 2002–2014. Our results contribute to the literature by extending three academic discussions: (a) the achievement of Schumpeterian firms’ innovation performance based on geographical proximity to innovation ecosystems’ agents, (b) the role of firm size, and (c) discussion on mechanisms of knowledge spillover for firm performance. We develop theoretical insights and managerial implications for Schumpeterian firms.
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Audretsch et al. (2022) studied this question.
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