Knowledge Transfers and Business Performance in Creative Networks

Vladimír Baláž, Tomáš Jeck () and Miroslav Balog ()
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Tomáš Jeck: Institute of Economic Research, Slovak Academy of Sciences
Miroslav Balog: Miroslav Balog, Institute for Forecasting, Centre of Social and Psychological Sciences, Slovak Academy of Sciences

Journal of the Knowledge Economy, 2024, vol. 15, issue 1, No 177, 4428-4454

Abstract: Abstract The study analyses the effects of the Slovak ‘creative voucher’ scheme on improvements in economic performance and innovation capacity by small and medium-sized enterprises (SMEs). This study employs survey data on cooperation by supported firms from creative industries (‘providers’) with ‘standard firms’ (‘beneficiaries’). We used the standard difference-in-differences (DiD) evaluation method along with the propensity score matching (PSM) technique to establish the impact of the scheme on business performance by supported firms. The network analysis was applied to establish major patterns in regional and inter-industry cooperation from creative and ‘standard’ firms. The effects of the voucher scheme were quantified for both partners, i.e. knowledge providers and receivers. The results show that supported creative firms reported significantly higher growth in assets and sales than did unsupported applicants. There was no significant difference between supported beneficiaries and unsuccessful applicants. The findings of this study point to the importance of spatial proximity and personal contacts for creating partnerships between creative industries and the rest of the economy.

Keywords: Knowledge transfer; Creative vouchers; Creative industries; Small and medium enterprises; Network analysis (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/s13132-023-01246-4

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