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Clusters, knowledge spillovers and new venture performance: An empirical examination

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  • Gilbert, Brett Anitra
  • McDougall, Patricia P.
  • Audretsch, David B.

Abstract

Firms in geographic regions with industry clustering have been hypothesized to possess performance advantages due to superior access to knowledge spillovers. Yet, no prior studies have directly examined the relationship between a firm's location within a cluster, knowledge spillovers and firm performance. In this study, we examine whether technological spillovers explain the performance of new ventures in cluster regions. We find that ventures located within geographic clusters absorb more knowledge from the local environment and have higher growth and innovation performance, but contrary to conventional wisdom, technological spillovers are not the contributing cause of higher performance observed for these firms.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Business Venturing.

Volume (Year): 23 (2008)
Issue (Month): 4 (July)
Pages: 405-422

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Handle: RePEc:eee:jbvent:v:23:y:2008:i:4:p:405-422

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Web page: http://www.elsevier.com/locate/jbusvent

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References

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Citations

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Cited by:
  1. Lee, In Hyeock & Hong, Eunsuk & Sun, Laixiang, 2013. "Regional knowledge production and entrepreneurial firm creation: Spatial Dynamic Analyses," Journal of Business Research, Elsevier, vol. 66(10), pages 2106-2115.
  2. Rachel Bocquet & Caroline Mothe, 2010. "Knowledge governance within clusters: the case of small firms," Post-Print hal-00920052, HAL.
  3. Tan, Justin & Shao, Yunfei & Li, Wan, 2013. "To be different, or to be the same? An exploratory study of isomorphism in the cluster," Journal of Business Venturing, Elsevier, vol. 28(1), pages 83-97.
  4. Stanko, Michael A. & Olleros, Xavier, 2013. "Industry growth and the knowledge spillover regime: Does outsourcing harm innovativeness but help profit?," Journal of Business Research, Elsevier, vol. 66(10), pages 2007-2016.
  5. Gilbert, Brett Anitra, 2012. "Creative destruction: Identifying its geographic origins," Research Policy, Elsevier, vol. 41(4), pages 734-742.
  6. Ziliang Deng & Peter Hofman & Alexander Newman, 2013. "Ownership concentration and product innovation in Chinese private SMEs," Asia Pacific Journal of Management, Springer, vol. 30(3), pages 717-734, September.
  7. Benedikt Herrmann & Alexander Kritikos, 2013. "Growing out of the crisis: hidden assets to Greece's transition to an innovation economy," IZA Journal of European Labor Studies, Springer, vol. 2(1), pages 1-23, December.
  8. Theresia Gunawan & Jojo Jacob & Geert Duysters, 2013. "Entrepreneurial Orientation and Network Ties: Innovative Performance of SMEs in an Emerging-Economy Manufacturing Cluster," Working Papers 2013/28, Maastricht School of Management.
  9. Larrañeta, Bárbara & Zahra, Shaker A. & González, José Luis Galán, 2012. "Enriching strategic variety in new ventures through external knowledge," Journal of Business Venturing, Elsevier, vol. 27(4), pages 401-413.
  10. Ana Paula Faria & Natália Barbosa & Vasco Eiriz, 2013. "Firms’ innovation across regions: an exploratory study," NIPE Working Papers 12/2013, NIPE - Universidade do Minho.
  11. Casanueva, Cristóbal & Castro, Ignacio & Galán, José L., 2013. "Informational networks and innovation in mature industrial clusters," Journal of Business Research, Elsevier, vol. 66(5), pages 603-613.
  12. Williams, Christopher & Lee, Soo Hee, 2011. "Entrepreneurial contexts and knowledge coordination within the multinational corporation," Journal of World Business, Elsevier, vol. 46(2), pages 253-264, April.
  13. Edward Nissan & Maria-Soledad Castaño & Inmaculada Carrasco, 2012. "Drivers of non-profit activity: a cross-country analysis," Small Business Economics, Springer, vol. 38(3), pages 303-320, April.
  14. Kuratko, Donald F. & Brown, Travis J., 2010. "Emerging life sciences ventures: The quest for legitimacy," Business Horizons, Elsevier, vol. 53(2), pages 211-220, March.
  15. Cassia, Lucio & Colombelli, Alessandra & Paleari, Stefano, 2009. "Firms' growth: Does the innovation system matter?," Structural Change and Economic Dynamics, Elsevier, vol. 20(3), pages 211-220, September.
  16. Qin Yang & Crystal X. Jiang & Sali Li, 2010. "Intangible resources, agglomeration effect of FDI intensity, and firm performance: Evidence from Chinese semiconductor firms," Working Papers 56, globADVANTAGE, Polytechnic Institute of Leiria.

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