Cluster dynamics of financial centres in the UK
Do connected firms grow faster
Bibliographic Data
| ID | 10407293 |
|---|---|
| Authors | Vladimír Pažitka (0000-0001-9097-4375, University of Oxford, corresponding author), Daniel Wojcik (0000-0003-2158-284X, University of Oxford) |
| Year | 2018 |
| Volume | 53 |
| Issue | 7 |
| Pages | 1017-1028 |
| Publication date | 2018-11-15 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Regional Studies (JOURNAL) |
| Journal identifiers | ISSN: 0034-3404 • E-ISSN: 1360-0591 |
| Publisher | Routledge (PUBLISHER • GB) |
| DOI | 10.1080/00343404.2018.1531116 |
| OpenAlex | W2901296453 |
| Language | EN |
| Citations received | 4 |
| References cited | 31 |
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
Business · Centrality · Cluster (spacecraft · Divergence (linguistics · Economic geography · Economics · Financial crisis · Macroeconomics · Sample (material · Finance · Global Urban Networks and Dynamics · Housing Market and Economics · Regional Economics and Spatial Analysis
Chains of Finance
Spatial Econometrics
Location, Competition, and Economic Development
Sample Selection Bias as a Specification Error
Firm growth in industrial clusters of the United Kingdom
What turns cities into international financial centres? Analysis of cross-border investment banking 2000–2014
The British and the German financial sectors in the wake of the crisis
London in the European financial services industry
Clusters and knowledge
Financial Services and the Urban System
Integrating Finance into Global Production Networks
Industrial Dynamics and Clusters
The Components of Talent
Tests of Alternative Theories of Firm Growth
The Role of Location in Knowledge Creation and Diffusion
Investment banking centres since the global financial crisis
Economic Geography of Investment Banking Since 2008
Structural Holes and Good Ideas
Power and Position in the World City System
| Unique citing works | 4 |
|---|---|
| Citations per year | 0,57 |
| Citation span | 2019 - 2026 (8) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 4 |