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Location trends of large company headquarters during the 1990s


  • Thomas H. Klier
  • William A. Testa


This article documents changes in the spatial distribution of corporate headquarters of large U.S.-domiciled corporations during the 1990s. The authors find that the largest metropolitan areas continue to host a disproportionate share of headquarters, but there have been significant shifts toward cities with population between one and two million.

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  • Thomas H. Klier & William A. Testa, 2002. "Location trends of large company headquarters during the 1990s," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 26(Q II), pages 12-26.
  • Handle: RePEc:fip:fedhep:y:2002:i:qii:p:12-26:n:v.26no.2

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    1. Robert DeYoung & William Hunter & Gregory Udell, 2004. "Whither the Community Bank?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 25(2), pages 81-84, April.
    2. Ono, Yukako, 2003. "Outsourcing business services and the role of central administrative offices," Journal of Urban Economics, Elsevier, vol. 53(3), pages 377-395, May.
    3. Michael E. Porter, 2000. "Location, Competition, and Economic Development: Local Clusters in a Global Economy," Economic Development Quarterly, , vol. 14(1), pages 15-34, February.
    4. Alan W. Evans, 1973. "The Location of the Headquarters of Industrial Companies," Urban Studies, Urban Studies Journal Limited, vol. 10(3), pages 387-395, October.
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    1. Calluzzo, Paul & Wang, Wei & Wu, Serena, 2021. "SEC scrutiny shopping," Journal of Corporate Finance, Elsevier, vol. 67(C).
    2. Singh, Rajesh & Orazem, Peter F. & Song, Moohoun, 2006. "Broadband Access, Telecommuting and the Urban-Rural Digital Divide," Working Papers 18214, Iowa State University, Department of Economics.
    3. James E. Rauch & Joel Watson, 2015. "Client-Based Entrepreneurship," Journal of Law, Economics, and Organization, Oxford University Press, vol. 31(1), pages 30-60.
    4. Thomas H. Klier, 2006. "Where the Headquarters Are: Location Patterns of Large Public Companies, 1990-2000," Economic Development Quarterly, , vol. 20(2), pages 117-128, May.
    5. Beckstead, Desmond Brown, W. Mark, 2006. "Head Office Employment in Canada, 1999 to 2005," Insights on the Canadian Economy 2006014e, Statistics Canada, Economic Analysis Division.
    6. Murat Arik, 2006. "The Health Care Industry in the Nashville MSA: Its Scope and Impact on the Regional Economy," Studies 200706, Middle Tennessee State University, Business and Economic Research Center.
    7. Pietro Alessandrini & Andrea Filippo Presbitero & Alberto Zazzaro, 2008. "Global Banking and Local Markets," Mo.Fi.R. Working Papers 4, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
    8. Card, David & Hallock, Kevin F. & Moretti, Enrico, 2010. "The geography of giving: The effect of corporate headquarters on local charities," Journal of Public Economics, Elsevier, vol. 94(3-4), pages 222-234, April.
    9. Jian Xu & Xi Yang & Daqi Xin & Wencang Zhou & Xiaoyang Zhu, 2019. "Firm Location And Innovation: Evidence From Chinese Listed Firms," Journal of Developmental Entrepreneurship (JDE), World Scientific Publishing Co. Pte. Ltd., vol. 24(04), pages 1-20, December.
    10. Shahid Ali & Junrui Zhang & Muhammad Usman & Farman Ullah Khan & Amir Ikram & Bilal Anwar, 2019. "Sub-National Institutional Contingencies and Corporate Social Responsibility Performance: Evidence from China," Sustainability, MDPI, Open Access Journal, vol. 11(19), pages 1-21, October.
    11. Richard Gregory & John R. Lombard & Bruce Seifert, 2005. "Impact of Headquarters Relocation on the Operating Performance of the Firm," Economic Development Quarterly, , vol. 19(3), pages 260-270, August.
    12. Perttu Kähäri & Iiris Saittakari & Rebecca Piekkari & Wilhelm Barner-Rasmussen, 2017. "Explaining Mandate Loss of Regional Headquarters: The Difference between Full and Partial Loss," Journal of Management Studies, Wiley Blackwell, vol. 54(8), pages 1206-1240, December.
    13. Pantzalis, Christos & Park, Jung Chul, 2014. "Too close for comfort? Geographic propinquity to political power and stock returns," Journal of Banking & Finance, Elsevier, vol. 48(C), pages 57-78.
    14. Deschryvere, Matthias, 2009. "Mobility of Corporate Headquarter Functions: A Literature Review," Discussion Papers 1203, The Research Institute of the Finnish Economy.
    15. Bryan W. Husted & Dima Jamali & Walid Saffar, 2016. "Near and dear? The role of location in CSR engagement," Strategic Management Journal, Wiley Blackwell, vol. 37(10), pages 2050-2070, October.
    16. Beckstead, Desmond Brown, W. Mark, 2006. "L'emploi dans les sièges sociaux au Canada, de 1999 à 2005," Aperçus sur l'économie canadienne 2006014f, Statistics Canada, Division de l'analyse économique.
    17. Baldwin, John R. Brown, W. Mark, 2005. "Foreign Multinationals and Head Office Employment in Canadian Manufacturing Firms," Economic Analysis (EA) Research Paper Series 2005034e, Statistics Canada, Analytical Studies Branch.
    18. William A. Testa, 2006. "Headquarters Research and Implications for Local Development," Economic Development Quarterly, , vol. 20(2), pages 111-116, May.

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