IDEAS home Printed from https://ideas.repec.org/a/sae/urbstu/v47y2010i12p2641-2664.html
   My bibliography  Save this article

Corporate Location, Concentration and Performance: Large Company Headquarters in the Australian Urban System

Author

Listed:
  • Matthew Tonts

    (School of Earth and Environment, University of Western Australia, 35 Stirling Highway, Crawley, Western Australia, 6009, Australia, mtonts@cyllene.uwa.edu.au)

  • Michael Taylor

    (School of Geography, Earth and Environmental Sciences, University of Birmingham, Edgbaston, Birmingham, B15 2TT, UK, m.j.taylor@bham.ac.uk)

Abstract

The paper examines the geography of corporate headquarters in the Australian urban system, giving consideration to their location, control of capital and performance. The paper argues that, while considerable recent attention has been given to global cities in the networks of corporate power, the spatial organisation of company headquarters remains important within national urban systems. In the case of Australia, Sydney and Melbourne dominate the corporate landscape, although the smaller cities of Adelaide, Brisbane and Perth occupy important niches. The paper demonstrates that there are clear variations in the relative performance of companies across the Australian urban system. There is also a pattern of sectoral specialisation within Australia’s cities which, in part, helps to explain the different development trajectories and relative levels of corporate performance. The paper concludes by exploring some of the implications of the study for the understanding of urban systems.

Suggested Citation

  • Matthew Tonts & Michael Taylor, 2010. "Corporate Location, Concentration and Performance: Large Company Headquarters in the Australian Urban System," Urban Studies, Urban Studies Journal Limited, vol. 47(12), pages 2641-2664, November.
  • Handle: RePEc:sae:urbstu:v:47:y:2010:i:12:p:2641-2664
    DOI: 10.1177/0042098009359029
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0042098009359029
    Download Restriction: no

    File URL: https://libkey.io/10.1177/0042098009359029?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. repec:ucp:bkecon:9780226531083 is not listed on IDEAS
    3. Paul David & Dominique Foray & Jean-Michel Dalle, 1998. "Marshallian Externalities And The Emergence And Spatial Stability Of Technological Enclaves," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 6(2-3), pages 147-182.
    4. Maskell, Peter & Malmberg, Anders, 1999. "Localised Learning and Industrial Competitiveness," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 23(2), pages 167-185, March.
    5. Locksley, Gareth & Ward, Terry, 1979. "Concentration in Manufacturing in the EEC," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 3(1), pages 91-97, March.
    6. Peter J Taylor & Pengfei Ni & Ben Derudder & Michael Hoyler & Jin Huang & Fengyong Lu & Kathy Pain & Frank Witlox & Xiaolan Yang & David Bassens & Wei Shen, 2009. "The Way We Were: Command-and-Control Centres in the Global Space-Economy on the Eve of the 2008 Geo-Economic Transition," Environment and Planning A, , vol. 41(1), pages 7-12, January.
    7. Bernard Fingleton & Danilo Igliori & Barry Moore, 2005. "Cluster Dynamics: New Evidence and Projections for Computing Services in Great Britain," Journal of Regional Science, Wiley Blackwell, vol. 45(2), pages 283-311, May.
    8. 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.
    9. Michael Taylor & Bjørn Asheim, 2001. "The Concept of the Firm in Economic Geography," Economic Geography, Taylor & Francis Journals, vol. 77(4), pages 315-328, October.
    10. Scott, John, 1997. "Corporate Business and Capitalist Classes," OUP Catalogue, Oxford University Press, number 9780198280767.
    11. Henry Wai‐Chung Yeung, 2005. "The Firm as Social Networks: An Organisational Perspective," Growth and Change, Wiley Blackwell, vol. 36(3), pages 307-328, June.
    12. Ron Martin & Peter Sunley, 2006. "Path dependence and regional economic evolution," Journal of Economic Geography, Oxford University Press, vol. 6(4), pages 395-437, August.
    13. William A. Testa, 2006. "Headquarters Research and Implications for Local Development," Economic Development Quarterly, , vol. 20(2), pages 111-116, May.
    14. Fleming,Grant & Merrett,David & Ville,Simon, 2006. "The Big End of Town," Cambridge Books, Cambridge University Press, number 9780521689908.
    15. 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(1), pages 81-100, March.
    16. John Friedmann, 1986. "The World City Hypothesis," Development and Change, International Institute of Social Studies, vol. 17(1), pages 69-83, January.
    17. Jeroen Bosman & Marc de Smidt, 1993. "The Geographical Formation of International Management Centres in Europe," Urban Studies, Urban Studies Journal Limited, vol. 30(6), pages 967-980, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Michele Acuto, 2011. "Sydney: The Wicked Power-geometry of a Greening Global City," Chapters, in: Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), International Handbook of Globalization and World Cities, chapter 50, Edward Elgar Publishing.
    2. Richard Hu, 2015. "Competitiveness, Migration, and Mobility in the Global City: Insights from Sydney, Australia," Economies, MDPI, vol. 3(1), pages 1-18, February.
    3. Chuanglin Fang & Zhenbo Wang, 2015. "Quantitative Diagnoses and Comprehensive Evaluations of the Rationality of Chinese Urban Development Patterns," Sustainability, MDPI, vol. 7(4), pages 1-26, March.
    4. Ben Derudder & Michael Hoyler & Peter J. Taylor & Frank Witlox (ed.), 2011. "International Handbook of Globalization and World Cities," Books, Edward Elgar Publishing, number 13622.
    5. Ling Zhang & Hui Zhang & Hao Yang, 2018. "Spatial Distribution Pattern of the Headquarters of Listed Firms in China," Sustainability, MDPI, vol. 10(7), pages 1-20, July.
    6. Csomós György & Derudder Ben, 2014. "Ranking Asia-Pacific cities: Economic performance of multinational corporations and the regional urban hierarchy," Bulletin of Geography. Socio-economic Series, Sciendo, vol. 25(25), pages 1-12, September.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Fenghua Pan & Wenkai Bi & James Lenzer & Simon Zhao, 2017. "Mapping urban networks through inter-firm service relationships: The case of China," Urban Studies, Urban Studies Journal Limited, vol. 54(16), pages 3639-3654, December.
    2. Matthias Firgo & Peter Mayerhofer, 2015. "Wissens-Spillovers und regionale Entwicklung - welche strukturpolitische Ausrichtung optimiert des Wachstum?," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 144, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    3. Ron Boschma & Ron Martin, 2010. "The Aims and Scope of Evolutionary Economic Geography," Chapters, in: Ron Boschma & Ron Martin (ed.), The Handbook of Evolutionary Economic Geography, chapter 1, Edward Elgar Publishing.
    4. Renato A. Orozco Pereira & Ben Derudder, 2010. "Determinants of Dynamics in the World City Network, 2000-2004," Urban Studies, Urban Studies Journal Limited, vol. 47(9), pages 1949-1967, August.
    5. Martin, Ron & Sunley, Peter, 2012. "Forms of emergence and the evolution of economic landscapes," Journal of Economic Behavior & Organization, Elsevier, vol. 82(2), pages 338-351.
    6. Kroll Henning & Neuhäusler Peter, 2020. "Recent Trends of Regional Development in China – Technological Portfolios and Economic Growth," ZFW – Advances in Economic Geography, De Gruyter, vol. 64(1), pages 14-27, March.
    7. Robert Lewis, 2009. "Industrial districts and manufacturing linkages: Chicago's printing industry, 1880–19501," Economic History Review, Economic History Society, vol. 62(2), pages 366-387, May.
    8. Ron Boschma, 2017. "Relatedness as driver behind regional diversification: a research agenda," Papers in Evolutionary Economic Geography (PEEG) 1702, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Jan 2017.
    9. Clara Turner & Marco R Di Tommaso & Chiara Pollio & Karen Chapple, 2020. "Who will win the electric vehicle race? The role of place-based assets and policy," Local Economy, London South Bank University, vol. 35(4), pages 337-362, June.
    10. Lehtonen Olli & Tykkyläinen Markku, 2014. "Potential Job Creation and Resource Dependance in Rural Finland," European Countryside, Sciendo, vol. 6(3), pages 1-23, September.
    11. Grillitsch, Markus & Nilsson, Magnus, 2019. "The Role of Trust in Regional Development," Papers in Innovation Studies 2019/8, Lund University, CIRCLE - Centre for Innovation Research.
    12. Matthias Firgo & Peter Mayerhofer, 2015. "Wissensintensive Unternehmensdienste, Wissens-Spillovers und regionales Wachstum. Teilprojekt 1: Wissens-Spillovers und regionale Entwicklung – Welche strukturpolitische Ausrichtung optimiert das Wach," WIFO Studies, WIFO, number 58342, April.
    13. Joan Crespo, 2021. "Agencies, scales and times of path creation: The case of IoT in Toulouse," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(5), pages 1527-1545, October.
    14. Grete Rusten & John R. Bryson, 2010. "Placing And Spacing Services: Towards A Balanced Economic Geography Of Firms, Clusters, Social Networks, Contracts And The Geographies Of Enterprise," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 101(3), pages 248-261, July.
    15. Max-Peter Menzel, 2008. "Dynamic Proximities – Changing Relations by Creating and Bridging Distances," Papers in Evolutionary Economic Geography (PEEG) 0816, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Oct 2008.
    16. Allan Watson & Jonathan V. Beaverstock, 2014. "World City Network Research at a Theoretical Impasse: On the Need to Re-Establish Qualitative Approaches to Understanding Agency in World City Networks," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 105(4), pages 412-426, September.
    17. Elvira Uyarra, 2010. "What is evolutionary about ‘regional systems of innovation’? Implications for regional policy," Journal of Evolutionary Economics, Springer, vol. 20(1), pages 115-137, January.
    18. Ron Boschma, 2015. "Towards an Evolutionary Perspective on Regional Resilience," Regional Studies, Taylor & Francis Journals, vol. 49(5), pages 733-751, May.
    19. 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.
    20. Alessandra Colombelli & Nick von Tunzelmann, 2011. "The Persistence of Innovation and Path Dependence," Chapters, in: Cristiano Antonelli (ed.), Handbook on the Economic Complexity of Technological Change, chapter 4, Edward Elgar Publishing.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:urbstu:v:47:y:2010:i:12:p:2641-2664. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: http://www.gla.ac.uk/departments/urbanstudiesjournal .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.