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The Performance of Independent Active SMEs in French Competitiveness Clusters

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  • Eric Braune
  • Xavier Mahieux
  • Anne-Laure Boncori

Abstract

This article analyses the evolution of independent members of French independent competitiveness clusters. It compares small and medium-sized enterprises (SMEs) that participated in collaborative research projects, funded by French competitiveness clusters, against similar control companies that were not part of such projects and not funded by the policy, over the period 2005--2013. French competitiveness clusters seek to enhance SMEs’ size, performance, innovation and employment; the current study therefore assesses their outcomes in terms of capital invested and equity returns. The findings from a difference-in-differences analysis reveal that sales, employment, R&D investments, and value added all increase in relative terms, but financial returns exhibit significant relative decreases for the smallest companies, whereas larger firms record strong increases. The inability of the smallest SMEs to reap gains from their cluster membership should be a matter of great concern to both companies and policy-makers.

Suggested Citation

  • Eric Braune & Xavier Mahieux & Anne-Laure Boncori, 2016. "The Performance of Independent Active SMEs in French Competitiveness Clusters," Industry and Innovation, Taylor & Francis Journals, vol. 23(4), pages 313-330, May.
    • Handle: RePEc:taf:indinn:v:23:y:2016:i:4:p:313-330
    DOI: 10.1080/13662716.2016.1145574
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    References listed on IDEAS

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    1. Hall, Bronwyn H. & Lerner, Josh, 2010. "The Financing of R&D and Innovation," Handbook of the Economics of Innovation, in: Bronwyn H. Hall & Nathan Rosenberg (ed.), Handbook of the Economics of Innovation, edition 1, volume 1, chapter 0, pages 609-639, Elsevier.
    2. repec:idb:brikps:publication-detail,7101.html?id=19806 is not listed on IDEAS
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    Cited by:

    1. Stojčić, Nebojša & Anić, Ivan-Damir & Aralica, Zoran, 2019. "Do firms in clusters perform better? Lessons from wood-processing industries in new EU member states," Forest Policy and Economics, Elsevier, vol. 109(C).
    2. Konan Alain N'Ghauran & Corinne Autant-Bernard, 2020. "Effects of cluster policies on regional innovation networks: Evidence from France," Working Papers halshs-02482565, HAL.
    3. Konan Alain N’Ghauran & Corinne Autant-Bernard, 2020. "Effects of cluster policies on regional innovation networks: Evidence from France," Working Papers 2005, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.

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