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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50401 - Sociology

Projekt

<a href="/cs/project/GA18-01144S" target="_blank" >GA18-01144S: Empirická studie dopadů existence klastrů na výkonnost členských podniků</a><br>

Návaznosti

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

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

648-653

Název nakladatele

MatfyzPress

Místo vydání

Prague

Místo konání akce

Jindřichův Hradec

Datum konání akce

1. 1. 2018

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

000507455300112