Abstract
The objectives of this research were to explicate the influence mechanism between MSMEs and MSMEs’ clusters; to explicate the generation mechanism of cluster residual value, and to determine whether there is a significant effect of structural hole on allocating the residual value of MSMEs’ cluster.
 
 The research was designed as quantitative research and used survey questionnaires to collect data from 475 entrepreneurs or senior managers of MSMEs. After passing the validity (KMO) and reliability (Cronbach’s Alpha) tests, the correlations between independent and dependent variables have been examined by Pearson Correlation. Then One-Way ANOVA was employed for further specifying the causal direction of correlation between variables. The findings of this research showed that there are positive correlations between cluster’s value and growth of MSMEs; between structural hole and allocation of cluster’s residual value; between structural hole and growth of cluster. In addition, structural hole as a moderating variable effect on the relationship between cluster’s value and growth of MSMEs significantly.
Highlights
Enterprise cluster is a group of independent and interdependent member enterprises that maintain long-term non-specific contracts according to the division of labor, resource complementation, and on the basis of human factors such as trust and commitment. (Porter, 1998)
With the globalization of market competition, economic development highlights the trend of regional centralization, on the local enterprise clusters who are participating in the division of labor in the global industrial chain
The prosperity of Silicon Valley, the revival of the Italian economy, and the rapid development of the eastern coastal towns of China are largely attributed by the development of local enterprise clusters
Summary
Enterprise cluster is a group of independent and interdependent member enterprises that maintain long-term non-specific contracts according to the division of labor, resource complementation, and on the basis of human factors such as trust and commitment. (Porter, 1998). Based on this understanding, MSMEs’ cluster could be considered as in a specific field, a collection of a large number of interconnected Micro, Small and Medium-sized Enterprises and related supporting institutions with a leading industry as their core business. With the globalization of market competition, economic development highlights the trend of regional centralization, on the local enterprise clusters who are participating in the division of labor in the global industrial chain. The cluster development of MSMEs is an important economic phenomenon in the world, the MSMEs’ clusters in China achieved a booming development in the 1990s, an obvious huge economic and social benefits brought by MESMs’ clusters are increasing. Deeply analyzing the economic phenomenon of MSMEs’ Cluster has great significance to promote regional economic development and social progress
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