Strategic Drivers of Location Decisions for Information-Age Companies
AbstractThe location decision-making process of forty companies with high quality "information-age" jobs is examined. A typology of location decisions is presented based on the magnitude of the relocation and the impact on the workforce. The strategic business drivers of the location decisions are identified and examined. Overall, economic development incentives are less important than the "ease of living" and labor market support found in the community. High quality infrastructure is critical. Future trends and their implications for corporate real estate strategy and economic development priorities are suggested.
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Bibliographic InfoArticle provided by American Real Estate Society in its journal Journal of Real Estate Research.
Volume (Year): 17 (1999)
Issue (Month): 3 ()
Contact details of provider:
Postal: American Real Estate Society Clemson University School of Business & Behavioral Science Department of Finance 401 Sirrine Hall Clemson, SC 29634-1323
Web page: http://www.aresnet.org/
Postal: Diane Quarles American Real Estate Society Manager of Member Services Clemson University Box 341323 Clemson, SC 29634-1323
Find related papers by JEL classification:
- L85 - Industrial Organization - - Industry Studies: Services - - - Real Estate Services
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- Chan, Su Han & Gau, George W. & Wang, Ko, 1995. "Stock Market Reaction to Capital Investment Decisions: Evidence from Business Relocations," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 30(01), pages 81-100, March.
- Ghosh Chinmoy & Rodriguez Mauricio & Sirmans C. F., 1995. "Gains from Corporate Headquarters Relocations: Evidence from the Stock Market," Journal of Urban Economics, Elsevier, vol. 38(3), pages 291-311, November.
- Kasim L. Alli & Gabriel G. Ramirez & Kenneth Yung, 1991. "Corporate Headquarters Relocation: Evidence from the Capital Markets," Real Estate Economics, American Real Estate and Urban Economics Association, vol. 19(4), pages 583-600.
- Virginia A Gibson & Richard Barkham, 2001. "Corporate Real Estate Management in the Retail Sector: Investigation of Current Strategy and Structure," Journal of Real Estate Research, American Real Estate Society, vol. 22(1/2), pages 107-128.
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