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.
|Number of pages||45|
|Publication status||Published - 18 Apr 2015|
|Event||Academy of International Business 42nd Annual Conference - Manchester Metropolitan University, Manchester, United Kingdom|
Duration: 14 Apr 2015 → 16 Apr 2015
|Conference||Academy of International Business 42nd Annual Conference|
|Period||14/04/15 → 16/04/15|
- MGMT International Business Management and Strategy
- Financial Services
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.