Assessment of Cluster Benefits to Increase Financial Performance of Companies: Malmquist Index Approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F46747885%3A24310%2F18%3A00005551" target="_blank" >RIV/46747885:24310/18:00005551 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Assessment of Cluster Benefits to Increase Financial Performance of Companies: Malmquist Index Approach

Original language description

Cluster organizations are one of the tools to support regional innovation performance. The creation and development of clusters is supported by the EU Structural Funds. The issue of efficient use of public resources is therefore very important. The aim of the article is to determine whether member companies of the cluster organization in the technical textiles sector achieve better financial performance in the time series 2009-15 than companies operating in the same industry, the same region; however they are not members of a cluster organization. The first sample includes 16 members of the cluster organization. The second sample consists of 45 companies from the Northeast Cohesion Region doing business in the technical textiles sector. Data envelopment analysis with three inputs and one output was used to evaluate the efficiency. Inputs are employee numbers, total assets and capital employed, and output is economic value added (EVA). Since EVA has both positive and negative values, a variant of the radial VRM model was used. For both samples and periods, the Malmquist index values were calculated. The Malmquist index breaks down the overall change in factor performance into two components - to technical efficiency change and to technological change. The research has shown a more significant improvement in financial performance at companies in cluster compared to other industry sectors. Improvement in performance was driven mainly by technological change, it means by shifting the efficient frontier.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50401 - Sociology

Project

<a href="/en/project/GA18-01144S" target="_blank" >GA18-01144S: An empirical study of the existence of clusters and their effect on the performance of member enterprises</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2018

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

36th International Conference Mathematical Methods in Economics. Conference Proceedings

ISBN

978-80-7378-372-3

ISSN

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e-ISSN

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Number of pages

6

Pages from-to

648-653

Publisher name

MatfyzPress

Place of publication

Prague

Event location

Jindřichův Hradec

Event date

Jan 1, 2018

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000507455300112