Firm location affects the relations of ROE, R&D, and firm size with market-to-book. Local parameters that are specific to the firm geographic location are estimated by weighting observations in function of their proximity. The local effect of ROE increases with the earnings quality of the...

Borrowing a measure from ecology, we introduce a spatial dispersion index to quantify the firm traits related to firm geographic location and investigate firm exposure to local home bias and local investor risk tolerance as determinants of corporate market value. Consistent with the investor...

The authors examine the determinants of entry by foreign firms using information on 515 Chinese industries at the provincial level during 1998-2001. The analysis, rooted in the new economic geography, focuses on market and supplier access within and outside the province of entry, as well as...

We investigate the value-growth premium puzzle by merging insights from urban economics and finance that relate firm location to its stock performance. The value-growth premium in locations with high historical house price appreciation is 3.6% larger per year than the premium in areas that...

The aim of this study is to analyze the location decisions of the manufacturing industry companies in the ICI Top 500 and Second Top 500 Industrial Enterprises (ICI-1000) for the year 2018. The location choice model developed accordingly is based on the assumption that companies choose the...