CO-DEVELOPMENT OF FIRM FOUNDINGS AND REGIONAL CLUSTERS

Although firm foundings and the formation of regional clusters are two processes that have separately attracted a lot of scientific attention during recent years, not much research has been conducted to analyse the interrelation between these two processes. This paper gives some new insights into this relation and a framework is presented into which empirical observations and theoretical considerations can be placed. The core elements are the effects the two processes have on each other in the different stages of cluster formation and development.