Inter-regional corporate ownership and regional autonomy: the case of Switzerland
AbstractBy using a unique database on the ownership relations of Swiss firms, this article proposes a study of specific regional characteristics in that it reveals the way in which ownership is structured. The paper clearly highlights the different ways that regions behave regarding their involvement in these ownership structures, on a national and international level. The types of behaviour can be associated with the various economic specialisations of Switzerland’s regions. Firstly, it appears that the most frequent ownership links occur among firms within the same Regional Production System. It is then noted that the links between the Swiss regions are far less numerous than international links. The international links, by their number and their distribution throughout Switzerland, constitute the main source of discrimination between the regions. The financial region of Zurich masters this ownership issue most competently. It is the most autonomous region in that it is able to maintain control over its economy, to become highly involved in other spaces, and attract the most investments. It would appear that the regions that are the best integrated within the network are those that have been best able to take advantage of the evolution of the Swiss financial system. The low density of the links between the various Swiss regions suggests that these regions organise their relations on scales that are different to that of the nation. This clearly raises questions regarding the policies based on the principle that the growth of the main centres affects the rest of the country positively.
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Bibliographic InfoPaper provided by GRET Group of Research in Territorial Economy, University of Neuchâtel in its series GRET Publications and Working Papers with number 11-05.
Length: 27 pages
Date of creation: Nov 2005
Date of revision:
Publication status: Published in The Annals of Regional Science, November 2005, Volume 39, Number 4, Pages 663-689
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Postal: Faubourg de l'Hôpital 27, 2000 Neuchâtel, Switzerland
Phone: +41 (0)32 718 1420
Fax: +41 (0)32 718 1421
Web page: http://www2.unine.ch/socio/
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Economic specialisation; Ownership; Regions; Firms; Switzerland;
Other versions of this item:
- Olivier Crevoisier & Frédéric Quiquerez, 2005. "Inter-regional corporate ownership and regional autonomy: the case of Switzerland," The Annals of Regional Science, Springer, vol. 39(4), pages 663-689, December.
- G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
- L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
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- Frank Barry & Holger Gorg & Andrew Mcdowell, 2003.
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- Frank Barry & Holger Görg & Andrew McDowell, 2001. "Outward FDI and the Investment Development Path of a Late-Industrialising Economy - Evidence from Ireland," Working Papers 200108, School Of Economics, University College Dublin.
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