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

Kostadinović Ivana (), Jovanović Violeta () and Stanković Sunčica ()
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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

Economic Themes, 2023, vol. 61, issue 3, 387-406

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.

Keywords: cluster internal interaction; cluster external interaction; organizational performance; innovative performance; innovative success; path analysis; Republic of Serbia (search for similar items in EconPapers)
JEL-codes: C54 L22 L25 L53 M21 O30 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecothe:v:61:y:2023:i:3:p:387-406:n:4

DOI: 10.2478/ethemes-2023-0020

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