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Do Industrial Clusters Contribute to Organizations’ Innovation Performance? Path Analysis

Author

Listed:
  • Kostadinović Ivana

    (Faculty of Economics, University of Niš, Republic of Serbia)

  • Jovanović Violeta

    (Faculty of Management, Metropolitan University Belgrade, Republic of Serbia)

  • Stanković Sunčica

    (Faculty of Business Economics and Entrepreneurship, Belgrade, Republic of Serbia)

Abstract

The increasing turbulence of the economic environment leads to changes in the business style, and adapting to this new style requires a cluster approach. In this sense, the goal of the research relates to determining the impact of the cluster internal and external interaction on innovative performance and innovative performance on organizational performance, as well as determining the impact of the cluster internal and external relational embeddedness on innovative success and innovation success on organizational performance using path analysis. The obtained results indicated direct positive and statistically significant influences between the observed variables, except in the case of the influence of innovative performance on organizational performance, where no direct significant connection was found. The study’s findings showed that the promotion of industrial clusters alone cannot ensure the generation of innovations for the benefit of the organizations that are members of the cluster, but should also consider the organization’s specificity for successful implementation.

Suggested Citation

  • Kostadinović Ivana & Jovanović Violeta & Stanković Sunčica, 2023. "Do Industrial Clusters Contribute to Organizations’ Innovation Performance? Path Analysis," Economic Themes, Sciendo, vol. 61(3), pages 387-406, September.
    • Handle: RePEc:vrs:ecothe:v:61:y:2023:i:3:p:387-406:n:4
    DOI: 10.2478/ethemes-2023-0020
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    References listed on IDEAS

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    More about this item

    Keywords

    cluster internal interaction; cluster external interaction; organizational performance; innovative performance; innovative success; path analysis; Republic of Serbia;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling

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