Industrial clusters, flagship enterprises and regional innovation

Sergey Anokhin, Joakim Wincent, Vinit Parida, Natalya Chistyakova, Pejvak Oghazi

Research output: Contribution to journalArticleScientificpeer-review

25 Citations (Scopus)


For a sample of all 88 counties in the State of Ohio over a 5-year period, this study documents the effect of flagship enterprises and concentrated industrial clusters on regional innovation. Consistent with the agglomeration arguments and the knowledge spillover theory of entrepreneurship, both appear to affect regional innovation positively. Additionally, regional educational attainment positively moderates the effect of industrial clusters on innovation. At the same time, flagship enterprises primarily affect regional innovation in regions with low education levels. Results are obtained with the help of conservative econometric techniques and are robust to the choice of alternative dependent variables and estimators. The findings have major policy implications and provide insights into alternative routes to encouraging regional innovation.
Original languageEnglish
Peer-reviewed scientific journalEntrepreneurship & Regional Development
Issue number1-2
Pages (from-to)104-118
Number of pages15
Publication statusPublished - 25.10.2018
MoE publication typeA1 Journal article - refereed


  • 512 Business and Management
  • Industrial clusters
  • regional innovation
  • flagship enterprises
  • knowledge spillover
  • entrepreneurship


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