The fact that the main source of value creation is rooted within networks raises the question of the impact of social capital on relational rents. The main objectives of this paper therefore are to investigate how value creation on the relational level of a cluster can be systematised to come to a better understanding of valuable resources. Empirically the study refers to a regional cluster in Southern Jutland in Denmark. We found that the horizontal actors in the cluster see the core of initiated cluster activities rather on the edge of their business activities but at the same time highlight the high value of informal cluster structures. The paper develops implications for the cluster firms as well as the cluster management in its role as a broker and a moderator.
European Management Journal, 2014, Vol 32, Issue 1, p. 117-131
Relational Resources; Value Adding Webs; Firm Clusters; Relational Rents