The institutional determinants of agglomeration: a study in the global semiconductor industry
The institutional determinants of agglomeration: a study in the global semiconductor industry
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DOI：
10.1093/icc/dtq049
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发表时间：
2010-12
影响因子：
2.5
通讯作者：
X. Martin;R. Salomon;Zheying Wu
中科院分区：
文献类型：
--
作者：
X. Martin;R. Salomon;Zheying Wu
我们假设一个国家制度环境的若干特征会促使企业集聚。为了检验我们的假设，我们研究了1975年至2004年全球半导体行业中266家企业在29个国家进行的931项工厂投资的布局模式。结果表明，集聚的决策在很大程度上取决于一个国家的制度背景。具体而言，企业在具有集体主义文化以及政治和经济不稳定特征的国家进行投资时更倾向于集聚。我们通过这些制度条件的多个指标来评估结果的稳健性。版权所有2010作者2010。由牛津大学出版社代表国际商会协会出版。保留所有权利，牛津大学出版社。
We hypothesize that several characteristics of a country's institutional environment encourage firms to agglomerate. To test our hypotheses, we examine the collocation pattern of 931 plant investments made by 266 firms across 29 countries in the global semiconductor industry from 1975 to 2004. The results show that the decision to agglomerate is strongly dependent on a country's institutional context. Specifically, firms prefer to agglomerate when investing within countries with collectivist cultures, and those characterized by political and economic uncertainty. We assess the robustness of the results across multiple indicators of these institutional conditions. Copyright 2010 The Author 2010. Published by Oxford University Press on behalf of Associazione ICC. All rights reserved., Oxford University Press.