Cluster Benefits and Costs: Does Industry or Multinationality Matter?

Naresh Pandit, Gary Cook, Jonathan V Beaverstock, Perves Ghauri

Research output: Contribution to conferenceConference Paper

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Abstract

This study has two objectives. Firstly, to compare cluster benefits, costs, and processes in two different highly productive clusters holding city location constant: financial services and media in London. To what extent are cluster forces similar and different in these two clusters? The second objective is to compare cluster benefits, costs, and processes for MNEs and UNEs within the two clusters. To what extent are cluster forces similar and different for MNEs and UNEs? Via exploratory factor analysis and logit analysis of derived factor scores, we find that similar factors are at work in each cluster: the factors are largely generic and not industry/cluster specific. We also find that some factors are similarly valued by MNEs and UNEs, some are valued more by MNEs, and some are valued more by UNEs. Importantly, factors falling into each category varies by cluster. So, multinationality matters and what matters is industry/cluster specific.
Original languageEnglish
Number of pages45
Publication statusPublished - 18 Apr 2015
EventAcademy of International Business 42nd Annual Conference - Manchester Metropolitan University, Manchester, United Kingdom
Duration: 14 Apr 201516 Apr 2015

Conference

ConferenceAcademy of International Business 42nd Annual Conference
CountryUnited Kingdom
CityManchester
Period14/04/1516/04/15

Structured keywords

  • MGMT International Business Management and Strategy

Keywords

  • Clusters
  • Location
  • FDI
  • MNEs
  • Financial Services
  • Media

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  • Cite this

    Pandit, N., Cook, G., Beaverstock, J. V., & Ghauri, P. (2015). Cluster Benefits and Costs: Does Industry or Multinationality Matter?. Paper presented at Academy of International Business 42nd Annual Conference, Manchester, United Kingdom.