Full Citation

Title: What do Firms Value? The Role of Industry Composition in Firm Location Decisions

Citation Type: Journal Article

Publication Year: 2017

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Abstract: The desire to understand household location decisions has dominated the use of revealed preference models, whereby hedonic price modeling has allowed researchers to identify the implicit prices that households pay for desirable amenities such as good weather and good schools. This research contributes to the limited work on identifying the implicit valuation that firms place on these same amenities as well as other local characteristics of the business environment. Specifically, firm’s implicit payment for urban agglomeration amenities is assessed, and it is found that firms place a high value on industry diversity, but consider both competition and industry specialization to be disamenities. The findings presented here also show that firms and households have very similar preferences for amenities that have previously been shown to be important to households.

Url: https://www.researchgate.net/profile/Jerry_Allison3/publication/319255680_Toward_a_Comprehensive_Theory_of_Shareholder_Letters_Theoretical_Framework_Taxonomy_Development_and_Propositions/links/59a304dda6fdcc1a315f576d/Toward-a-Comprehensive-Theory-of-Shar

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Authors: Perumal, Andrew

Periodical (Full): Global Journal of Business Disciplines

Issue: 1

Volume: 1

Pages: 14

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

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