Agglomeration Effects and Financial Performance

@article{Jennen2009AgglomerationEA,
  title={Agglomeration Effects and Financial Performance},
  author={Maarten Jennen and Patrick Verwijmeren},
  journal={Urban Studies},
  year={2009},
  volume={47},
  pages={2683 - 2703}
}
This study empirically tests the trade-off between the costs and benefits of agglomeration for a large sample of firms. In line with the existing literature, it is found that population and employment density benefit productivity, but increase labour and real estate costs. To test the trade-off of benefits and drawbacks of agglomeration, the analysis focuses on the relation between agglomeration and profitability. For a sample of single-establishment Dutch firms, it is found that on average the… 
The effects of agglomeration economies on technical efficiency of manufacturing firms: evidence from Indonesia
This article examines the effects of agglomeration economies and industrial structure upon firm-level technical efficiency in the Indonesian manufacturing industry over the period 2004–2009. A
Urban Non-urban Agglomeration Divide: Is There a Gap in Productivity and Wages?
This paper investigates the productivity–wage relation using a novel and integrated employer-employee database covering the entire population of non-financial firms’ plants in one of the most
Productivity and earnings at the firm-plant level: the case of Lombardy’s urban and non-urban agglomerations
ABSTRACT We analyse business performance by using a unique data set of the universe of Italian local business units. We investigate the pattern of both productivity and profitability by adopting a
Industry Agglomeration, Sub-National Institutions and the Profitability of Foreign Subsidiaries
This study investigates the impact of industry agglomeration and its interaction with sub-national institutions on the profitability of multinational enterprises (MNEs) subsidiaries operating in an
Do agglomeration economies affect the local comovement of stock returns? Evidence from China
Prior studies in finance have examined the comovement of stock returns of firms headquartered in the same location. One interpretation of the results is that local investors have a ‘local bias’ due
Do clustered firms outperform the non-clustered? Evidence of financial performance in traditional industries
Abstract Previous research presented in numbers of studies strongly suggests that locating in a cluster generates valuable benefits to clustered firms. These include better access to suppliers and
The effect of agglomeration economies on firm deaths: A comparison of firm and regional based approaches
This paper compares the merits of regional and firm based approaches for analysing the effect of agglomeration economies on firm deaths in Ireland. We aggregate a comprehensive data set on Irish firm
Financial performance and agglomeration economies in the hospital sector
  • B. Krzeczewski
  • Economics
    International Days of Statistics and Economics 2019
  • 2019
Healthcare expenses constitute serious economic burdens to state budgets. The largest part of healthcare expenditures is usually dedicated to the hospital sector. That is why analyzing factors that
Are big city businesses more profitable than other firms
Purpose - – The purpose of this paper is to focus upon the financial performance of firms that maintain headquarters in the largest cities and firms based in smaller metropolitan areas. Big city
The impact of highway proximity on distribution centres’ rents
Access to a highway is an important issue for distribution centres. In the Netherlands, distribution centres are located at only two kilometres from a highway, on average. This paper estimates the
...
...

References

SHOWING 1-10 OF 28 REFERENCES
Agglomeration-Effects in Europe
The paper estimates agglomeration-effects for France, Germany, Italy, Spain, and the UK. Estimation takes into account endogeneity of the spatial distribution of employment and spatial fixed-effects.
Productivity and the Density of Economic Activity
Two different models - one based on local geographical externalities and the other on the variety of only locally available intermediate services - are shown to give rise to a simple, estimable
Urban Density and the Rate of Invention
Economists, beginning with Alfred Marshall, have studied the significance of cities in the production and exploitation of information externalities that, today, we call knowledge spillovers. This
The Role of Geographic Location in the Financial and Innovation Performance of Publicly Traded Pharmaceutical Companies: Empirical Evidence from the Untied States
In this paper we examine the role of geographic location in the financial and innovation performance of publicly traded companies in the US pharmaceutical industry. Regional production clusters are
Wages, Rents, and the Quality of Life
  • J. Roback
  • Economics
    Journal of Political Economy
  • 1982
This study focuses on the role of wages and rents in allocating workers to locations with various quantities of amenities. The theory demonstrates that if the amenity is also productive, then the
Growth-Oriented SMEs in Unfavourable Regional Environments
VAESSEN P. and KEEBLE, D. (1995) Growth-oriented SMEs in unfavourable regional environments, Reg. Studies 29, 489–505. In this paper the research focus is on ‘counterfactual’ cases of growth-oriented
Does Corporate Headquarters Location Matter for Stock Returns?
We document strong comovement in the stock returns of firms headquartered in the same geographic area. Moreover, stocks of companies that change their headquarters location experience a decrease in
The Sizes and Types of Cities
This paper presents a simple general equilibrium model of an economy where production and consumption occur in cities. The paper focuses on the different sizes and types of cities generated by market
Spatial Variation in Office Rents within the Atlanta Region
Hedonic office rent models are estimated using data for Atlanta that span the years 1990-96. Controlling for typical building characteristics and lease terms, we find that variables measuring
Corporate Real Estate Ownership Implications: International Performance Evidence
In this paper we explore corporate real estate ownership internationally. Based on a sample of 4,636 companies from 18 industries and 9 countries we document distinct patterns and trends in the
...
...