Where the Headquarters are - Evidence from Large Public Companies 1990-2000
Where the Headquarters are - Evidence from Large Public Companies 1990-2000
复制标题
总部在哪里——1990-2000年大型上市公司的证据
DOI：
10.2139/ssrn.486989
复制
发表时间：
2003
期刊：
影响因子：
--
通讯作者：
Tyler Diacon
中科院分区：
文献类型：
--
作者：
T. Klier;Tyler Diacon
本文考察了20世纪90年代大型上市公司总部增长的区位。总部继续被大都市地区所吸引。然而，在这一群体中，他们继续分散到中等规模的中心。本文件确定了90年代观察到的总部净变化背后的6种不同类别的毛流量。就这些总流量的构成而言，50个最大的大都市区之间存在着很大的差异。平均而言，进出占所有总流活动的2/3以上。研究发现，单纯的总部搬迁会导致城市化。合并往往不会影响总部在MSA之间的分布。搬家决策的二项概率模型利用了公司层面和MSA层面的数据，发现MSA层面的便利设施会影响搬家的选择。
This paper examines the location of headquarter growth of large public companies during the 1990s. Headquarters continue to be attracted by large metropolitan areas. Yet among that group they continue to disperse into medium-sized centers. This paper identifies 6 different categories of gross flows underlying the net change of headquarters observed during the 90s. There is strong variation among the 50 largest metro areas in terms of the composition of these gross flows. On average, entry and exit represent over 2/3 of all gross flow activity. Pure relocation of headquarters is found to lead to urbanization. Mergers tend to not impact the distributing of headquarters across MSAs. A binomial probability model of the decision to move utilizes company-level as well as MSA- level data and finds that MSA-level amenities impact the choice to move.