Clustered firms and solvency in the Spanish ceramics industry
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Otros documentos de la autoría: Cabedo, J. David; Fuertes, Iluminada; Maset-Llaudes, Amparo; Tirado-Beltrán, Jose Miguel
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Clustered firms and solvency in the Spanish ceramics industryFecha de publicación
2015xmlui.dri2xhtml.METS-1.0.item-edition
PDF de la editorialEditor
Institute of Research Engineers and DoctorsTipo de documento
info:eu-repo/semantics/articleVersión de la editorial
http://seekdl.org/search.php?q=Clustered+firms+and+solvency+in+the+Spanish+ceram ...Versión
info:eu-repo/semantics/publishedVersionPalabras clave / Materias
Resumen
There is a vast literature on the advantages of
agglomeration due to positive externalities arising within
industrial concentrations like clusters or industrial districts.
Empirical studies strongly suggest these ... [+]
There is a vast literature on the advantages of
agglomeration due to positive externalities arising within
industrial concentrations like clusters or industrial districts.
Empirical studies strongly suggest these benefits when the focus
is on innovation or transmission of knowledge. If this is the case,
then it is reasonable to expect that cluster benefits should result
in better financial performance and higher solvency for clustered
firms soon or later. However, the limited empirical support for
the link between clusters and economic performance provides
contradictory results.
This paper goes deeper into this matter and aims to measure
the resulting effects on the solvency of firms in agglomeration
economies. Empirical analysis has been applied to a sample of
609 firms in the Spanish ceramic tile cluster to test for
statistically significant differences in the levels of solvency
between clustered and isolated firms. Then we analyze whether
firm size and phase of the economic cycle are relevant. Study
results show significant differences between large and small
clustered firms, suggesting that size does matter in terms of
capturing the benefits of clustering from the perspective of
solvency. [-]
Publicado en
Second International Conference On Advances In Social Science, Management And Human Behaviour - SMHB 2014Derechos de acceso
http://rightsstatements.org/vocab/CNE/1.0/
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
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