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A platform for research: civil engineering, architecture and urbanism
Cluster dynamics of financial centres in the UK: do connected firms grow faster?
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.
Cluster dynamics of financial centres in the UK: do connected firms grow faster?
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.
Cluster dynamics of financial centres in the UK: do connected firms grow faster?
Pažitka, Vladimír (author) / Wójcik, Dariusz (author)
Regional Studies ; 53 ; 1017-1028
2019-07-03
12 pages
Article (Journal)
Electronic Resource
English
firm growth , financial centres , syndication networks , underwriting syndicate , F30 , F65 , G24 , R30
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