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Effects of Industry Clusters on Company Competitiveness: Special Economic Zones in Taiwan

Author

Listed:
  • Maw-Shin Hsu

    (College of Business, Feng Chia University, Taichung 40724, Taiwan)

  • Yung-Lung Lai

    (College of Business, Feng Chia University, Taichung 40724, Taiwan)

  • Feng-Jyh Lin

    (Department of Business Administration, Feng Chia University, Taichung 40724, Taiwan)

Abstract

According to the Global Competitiveness Report released by the WEF in 2007–2009, Taiwan has been ranked No. 1 in the assessment of industry cluster developments for three consecutive years. It is one of the success stories in the worldwide development of innovation and industry clusters furthermore the creation and driven Taiwan economics development of benchmark is special economic zones. This paper examines the special economic zones and performs an empirical study on industry clusters and company competitiveness. A questionnaire survey is conducted and the statistics are regressed and analyzed. The purpose is to explore the strategic resources of industry clusters in special economic zones, the relationship with company clusters and the effects on company performance. The study finds that the strategic resources of clusters in special economic zones are indeed a key factor that influences the relationship with industry clusters and also enhance enterprise competitive advantage. All the hypotheses are supported. The study also proves that the resources and relationships associated with industry clusters have impacts on company performance and can enhance company competitiveness.

Suggested Citation

  • Maw-Shin Hsu & Yung-Lung Lai & Feng-Jyh Lin, 2013. "Effects of Industry Clusters on Company Competitiveness: Special Economic Zones in Taiwan," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 16(03), pages 1-28.
    • Handle: RePEc:wsi:rpbfmp:v:16:y:2013:i:03:n:s0219091513500173
    DOI: 10.1142/S0219091513500173
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    Citations

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    Cited by:

    1. Hanna Godlewska-Majkowska & Agnieszka Komor & Magdalena Typa, 2016. "Special Economic Zones as Growth and Anti-growth Poles as Exemplified by Polish Regions," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 4(4), pages 189-212.
    2. Soon-Beng Chew & Jia Hong Chen & Ming Chou Hung & Teresa Wan Ying Lek, 2018. "Factors Affecting Export Competitiveness of Singapore’s Manufacturing Sector: A Regression Analysis," Review of Pacific Basin Financial Markets and Policies (RPBFMP), World Scientific Publishing Co. Pte. Ltd., vol. 21(02), pages 1-11, June.
    3. Ling Tuo & Ji Yu & Yu Zhang, 2020. "How do industry peers influence individual firms’ voluntary disclosure strategies?," Review of Quantitative Finance and Accounting, Springer, vol. 54(3), pages 911-956, April.
    4. Gulbis Ivo & Geipele Sanda, 2016. "Social Partner Involvement in Latvia Special Economic Zones," Baltic Journal of Real Estate Economics and Construction Management, Sciendo, vol. 4(1), pages 145-152, November.

    More about this item

    Keywords

    Industry clusters; cluster relationship; strategic resources; competitive advantage;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets
    • G2 - Financial Economics - - Financial Institutions and Services
    • G3 - Financial Economics - - Corporate Finance and Governance

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