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Foreign ownership and global city characteristics: unpacking the connectivity of micro-locations

Author

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  • Christian Geisler Asmussen
  • Bo Bernhard Nielsen
  • Cecilie Dohlmann Weatherall
  • Ditte Håkonsson Lyngemark

Abstract

This paper develops the idea that global city characteristics in distinct micro-locations attract foreign and domestic firms differentially. The hypotheses are tested on a large data set of workplaces during the period 2007–16 and a complex relationship is found between global connectivity and foreign-owned location choice. Specifically, global infrastructure is strongly associated with foreign ownership in the upstream value chain (manufacturing or wholesale), whereas cosmopolitanism exhibits a stronger association with foreign ownership in downstream value-chain activities, such as retail. The agglomeration of producer services in a given location and the likelihood of foreign ownership in that location is higher in highly knowledge-intensive industries.

Suggested Citation

  • Christian Geisler Asmussen & Bo Bernhard Nielsen & Cecilie Dohlmann Weatherall & Ditte Håkonsson Lyngemark, 2020. "Foreign ownership and global city characteristics: unpacking the connectivity of micro-locations," Regional Studies, Taylor & Francis Journals, vol. 54(3), pages 352-365, March.
    • Handle: RePEc:taf:regstd:v:54:y:2020:i:3:p:352-365
    DOI: 10.1080/00343404.2019.1623391
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    Cited by:

    1. Steven Brakman & Harry Garretsen & Charles van Marrewijk & Arjen van Witteloostuijn, 2023. "The location of cross‐border and national mergers and acquisitions within the United States," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 32(1), pages 177-206, January.

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