Urban Vibrancy and Corporate Growth
| Author | : Casey Dougal |
| Publisher | : |
| Total Pages | : 53 |
| Release | : 2014 |
| ISBN-10 | : OCLC:886855101 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Urban Vibrancy and Corporate Growth by : Casey Dougal
Download or read book Urban Vibrancy and Corporate Growth written by Casey Dougal and published by . This book was released on 2014 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.