Assessment of Cluster Benefits to Increase Financial Performance of Companies: Malmquist Index Approach

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dc.contributor.authorŽižka Miroslavcs
dc.date.accessioned2018-09-25T12:20:12Z
dc.date.available2018-09-25T12:20:12Z
dc.date.issued2018cs
dc.description.abstractCluster organizations are one of the tools to support regional innovation performance. The creation and development of clusters is supported by the EU Structural Funds. The issue of efficient use of public resources is therefore very important. The aim of the article is to determine whether member companies of the cluster organization in the technical textiles sector achieve better financial performance in the time series 2009-15 than companies operating in the same industry, the same region; however they are not members of a cluster organization. The first sample includes 16 members of the cluster organization. The second sample consists of 45 companies from the Northeast Cohesion Region doing business in the technical textiles sector. Data envelopment analysis with three inputs and one output was used to evaluate the efficiency. Inputs are employee numbers, total assets and capital employed, and output is economic value added (EVA). Since EVA has both positive and negative values, a variant of the radial VRM model was used. For both samples and periods, the Malmquist index values were calculated. The Malmquist index breaks down the overall change in factor performance into two components - to technical efficiency change and to technological change. The research has shown a more significant improvement in financial performance at companies in cluster compared to other industry sectors. Improvement in performance was driven mainly by technological change, it means by shifting the efficient frontier.en
dc.format.extent6cs
dc.identifier.isbn978-80-7378-372-3cs
dc.identifier.urihttps://dspace.tul.cz/handle/15240/32075
dc.identifier.urihttps://mme2018.fm.vse.cz/wp-content/uploads/2018/09/MME2018-Electronic_proceedings.pdf
dc.language.isoengcs
dc.publisherMatfyzPresscs
dc.publisher.cityPraguecs
dc.relation.ispartofseries1cs
dc.subjectMalmquist indexcs
dc.subjectVRM modelcs
dc.subjectcluster of technical textilescs
dc.subjecteconomic value addedcs
dc.subjectfinancial performancecs
dc.titleAssessment of Cluster Benefits to Increase Financial Performance of Companies: Malmquist Index Approachcs
local.citation.epage648-653cs
local.citation.spage648-653cs
local.identifier.publikace5551
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