Home-field advantage : location decisions of Portuguese entrepreneurs

@inproceedings{Figueiredo2002HomefieldA,
  title={Home-field advantage : location decisions of Portuguese entrepreneurs},
  author={O. Figueiredo and Paulo Guimar{\~a}es and Douglas Woodwardc},
  year={2002}
}
An investor’s home bias in industrial location decisions may stem from personal factors, social capital, other non-transferable assets, and imperfect information about the urban and regional environment. This paper explores the distinction between home-base and non-home location decisions in Portugal. We reach two important conclusions. First, the introduction of a variable accounting for prior base of economic activity significantly improves the statistical results. Second, we find that the… CONTINUE READING
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