Pažitka, V and Wójcik, D (2019) Cluster dynamics of financial centres in the UK: do connected firms grow faster? Regional Studies, 53 (7). pp. 1017-1028. ISSN 0034-3404
Abstract
This study investigates the connection between network centrality and firm growth on a sample of 3224 financial services firms located in the UK in the aftermath of the global financial crisis. The findings, based on a spatial econometric model of long-term firm growth, indicate that firms that span structural holes, engage in co-management appointments and have network connections to related companies in other financial centres grow faster. In contrast, such connections generate substantial negative indirect effects on proximate firms, leading to a divergence of growth rates between globally connected and locally embedded firms.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2018 The Author(s). This is an open access article under the terms of the Creative Commons Attribution 4.0 International License (CC BY 4.0) (https://creativecommons.org/licenses/by/4.0/) |
Keywords: | firm growth; financial centres; syndication networks; underwriting syndicate |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 10 Jun 2021 12:14 |
Last Modified: | 10 Jun 2021 12:14 |
Status: | Published |
Publisher: | Routledge |
Identification Number: | 10.1080/00343404.2018.1531116 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:175023 |