Corporate geography in multi-plant firms
AbstractThis paper focuses on how multi-plant firms allocate their workforce and investments between headquarters or plants located in or close to the headquarters area (HQ plants) and those located in the same country but farther away from the headquarters area (non-HQ plants). Using survey data on Italian industrial multi-plant firms for the last decade, we find that, for the same firm, employment and investments grow significantly less in non-HQ plants compared to HQ plants. We discuss several possible interpretations of these "corporate geography" patterns.
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Bibliographic InfoPaper provided by Bank of Italy, Economic Research and International Relations Area in its series Temi di discussione (Economic working papers) with number 865.
Date of creation: Apr 2012
Date of revision:
multi-plant firms; firm headquarters; employment; investment; Italy;
Find related papers by JEL classification:
- R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Production Analysis, and Firm Location - - - General
- L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
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