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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w20350 |
来源ID | Working Paper 20350 |
Urban Vibrancy and Corporate Growth | |
Casey Dougal; Christopher A. Parsons; Sheridan Titman | |
发表日期 | 2014-07-31 |
出版年 | 2014 |
语种 | 英语 |
摘要 | We find that a firm's investment is highly sensitive to the investments of other firms headquartered nearby, even those in very different industries. It also responds to fluctuations in the cash flows and stock prices (q) of local firms outside its sector. These patterns do not appear to reflect exogenous area shocks such as local shocks to labor or real estate values, but rather suggest that local agglomeration economies are important determinants of firm investment and growth. |
主题 | Financial Economics ; Corporate Finance ; Regional and Urban Economics ; Regional Economics |
URL | https://www.nber.org/papers/w20350 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578023 |
推荐引用方式 GB/T 7714 | Casey Dougal,Christopher A. Parsons,Sheridan Titman. Urban Vibrancy and Corporate Growth. 2014. |
条目包含的文件 | 条目无相关文件。 |
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