Industrial clusters, flagship enterprises and regional innovation

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

Research output: Contribution to journalArticlepeer-review

9 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
Pages (from-to)104-118
Number of pages15
JournalEntrepreneurship and Regional Development
Issue number1-2
Publication statusPublished - 1 Jan 2019


  • entrepreneurship
  • flagship enterprises
  • Industrial clusters
  • knowledge spillover
  • regional innovation

ASJC Scopus subject areas

  • Business and International Management
  • Economics and Econometrics

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