The existing literature on cluster embeddedness largely neglects the impact of finance on the development of firms' network linkages. This is striking in so far that particularly venture capital is often referred to as "smart money" providing firms not only with funds but also with network...

This paper contributes to the empirical identification of clusters based on network analysis. We start with the detection of a composite knowledge process rather than a territorial one stricto sensu. Networks and clusters correspond to the complex aggregation process of bi or n-lateral relations...

The economic return of cluster policies has been recently called into question. Essentially based on a “one size fits all” approach consisting in boosting R&D collaborations and reinforcing network density in regions, cluster policies are suspected to have failed in reaching their...