Location in scientific-technological parks, dynamic capabilities, and innovation

Determining the sources of business success in highly dynamic and turbulent environments is very complicated. A broad consensus exists in this respect about the need to contemplate the innovation as a key element for competitiveness. This reasoning stems from its positive effects on growth and on efficiency, of innovative firms in comparison with non-innovative ones. Geographical location provides a unique and different context and this paper aims to analyse the influence exerted by the territory on dynamic capabilities and, consequently, on business competitiveness. Using a sample of 610 high-technology companies drawn from the Technological Innovation Panel (2012), it is confirmed not only that firms located in scientific-technological parks are more innovative but also that dynamic capabilities play a mediating role in this relationship.