The Regional Concentration of Industries and the Performance of Firms: A Multilevel Approach
This paper presents the results of a study whose objective was to understand how location within industrial concentrations, like clusters or industrial districts, affects the financial performance of firms. In its theoretical framework, this paper attempts to introduce the reasons behind the alleged...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)
2010-10-01
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| Series: | BAR: Brazilian Administration Review |
| Subjects: | |
| Online Access: | http://www.anpad.org.br/periodicos/arq_pdf/a_1118.pdf |
| _version_ | 1797971186125111296 |
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| author | Fernando Coelho Martins Ferreira Rafael G. Burstein Goldszmidt João Mario Csillag |
| author_facet | Fernando Coelho Martins Ferreira Rafael G. Burstein Goldszmidt João Mario Csillag |
| author_sort | Fernando Coelho Martins Ferreira |
| collection | DOAJ |
| description | This paper presents the results of a study whose objective was to understand how location within industrial concentrations, like clusters or industrial districts, affects the financial performance of firms. In its theoretical framework, this paper attempts to introduce the reasons behind the alleged superior performance of firms located in these concentrations, the base of the hypothesis formulated in this study. Analysis from a three-level hierarchical linear model applied to a sample of 509 companies located in the state of São Paulo found no evidence that industrial concentrations provide firms with superior performance, contradicting expectations generated by the theory. The decomposition of the variance of performance indicated that the location of the firms and the form with which a city interacts with an industry exerts significant influence on how they will perform. In short, location matters to the future of firms. This finding underlines the need to understand how characteristics of cities or regions can promote or retard the performance of firms. |
| first_indexed | 2024-04-11T03:28:41Z |
| format | Article |
| id | doaj.art-123b48ceea664c3ea134232581bc16ca |
| institution | Directory Open Access Journal |
| issn | 1807-7692 |
| language | English |
| last_indexed | 2024-04-11T03:28:41Z |
| publishDate | 2010-10-01 |
| publisher | Associação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD) |
| record_format | Article |
| series | BAR: Brazilian Administration Review |
| spelling | doaj.art-123b48ceea664c3ea134232581bc16ca2023-01-02T06:47:20ZengAssociação Nacional de Pós-Graduação e Pesquisa em Administração (ANPAD)BAR: Brazilian Administration Review1807-76922010-10-0174345361The Regional Concentration of Industries and the Performance of Firms: A Multilevel ApproachFernando Coelho Martins FerreiraRafael G. Burstein GoldszmidtJoão Mario CsillagThis paper presents the results of a study whose objective was to understand how location within industrial concentrations, like clusters or industrial districts, affects the financial performance of firms. In its theoretical framework, this paper attempts to introduce the reasons behind the alleged superior performance of firms located in these concentrations, the base of the hypothesis formulated in this study. Analysis from a three-level hierarchical linear model applied to a sample of 509 companies located in the state of São Paulo found no evidence that industrial concentrations provide firms with superior performance, contradicting expectations generated by the theory. The decomposition of the variance of performance indicated that the location of the firms and the form with which a city interacts with an industry exerts significant influence on how they will perform. In short, location matters to the future of firms. This finding underlines the need to understand how characteristics of cities or regions can promote or retard the performance of firms.http://www.anpad.org.br/periodicos/arq_pdf/a_1118.pdflocationindustrial concentrationsclustersfinancial performancemultilevel model. |
| spellingShingle | Fernando Coelho Martins Ferreira Rafael G. Burstein Goldszmidt João Mario Csillag The Regional Concentration of Industries and the Performance of Firms: A Multilevel Approach BAR: Brazilian Administration Review location industrial concentrations clusters financial performance multilevel model. |
| title | The Regional Concentration of Industries and the Performance of Firms: A Multilevel Approach |
| title_full | The Regional Concentration of Industries and the Performance of Firms: A Multilevel Approach |
| title_fullStr | The Regional Concentration of Industries and the Performance of Firms: A Multilevel Approach |
| title_full_unstemmed | The Regional Concentration of Industries and the Performance of Firms: A Multilevel Approach |
| title_short | The Regional Concentration of Industries and the Performance of Firms: A Multilevel Approach |
| title_sort | regional concentration of industries and the performance of firms a multilevel approach |
| topic | location industrial concentrations clusters financial performance multilevel model. |
| url | http://www.anpad.org.br/periodicos/arq_pdf/a_1118.pdf |
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