Strategic complementarities, geographical agglomeration, and firm investment

• Tipo: Artigo em Revista Científica Internacional
• Data: 2023-01-22

Autores

José Jorge (Autor) FEP

Revista

Título: European Journal of Finance

Vol. 29 Nº 2

Páginas: 135-154

ISSN: 1351-847X

Editora: Taylor & Francis

Indexação

ISI Web of Knowledge - 0 Citações

Scopus - 0 Citações

Outras Informações

ID Authenticus: P-00W-38M

DOI: 10.1080/1351847x.2022.2030778

Abstract (EN): We estimate the effect of strategic complementarities (measured by the geographical agglomeration of firms) on firm investment. Individual firm investment responds significantly to industry investment in agglomerated industries, whereas the response is null in dispersed industries. Industry-region sales do not explain the differential effect between these two types of industries. These results have been overlooked in the literature, provide a justification for regional and industry policies, and challenge the stable unit treatment value assumption (SUTVA) required in potential outcome analysis.

Idioma: Inglês

Tipo (Avaliação Docente): Científica

Nº de páginas: 20