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Location Matter (location + matter)

Distribution by Scientific Domains
Humanities and Social Sciences50%

Selected Abstracts

Does Corporate Headquarters Location Matter for Stock Returns?

THE JOURNAL OF FINANCE, Issue 4 2006
CHRISTO PIRINSKY
ABSTRACT We document strong comovement in the stock returns of firms headquartered in the same geographic area. Moreover, stocks of companies that change their headquarters location experience a decrease in their comovement with stocks from the old location and an increase in their comovement with stocks from the new location. The local comovement of stock returns is not explained by economic fundamentals and is stronger for smaller firms with more individual investors and in regions with less financially sophisticated residents. We argue that price formation in equity markets has a significant geographic component linked to the trading patterns of local residents. [source]

Race and receipt of liver transplantation: Location matters,

LIVER TRANSPLANTATION, Issue 9 2010
Sumeet K. Asrani
First page of article [source]

ERSA Conference participation: does location matter?

PAPERS IN REGIONAL SCIENCE, Issue 4 2006
Jouke Van Dijk
conference participation; distance decay; conference location Abstract., This article analyses participation in the annual European congresses of the Regional Science Association (ERSA) from 1998 through 2003. We formulate goals that the ERSA conferences should aim at and based on these aims we formulate hypotheses about conference participation. In the empirical part we test hypotheses with regard to the spatial distribution of the participants over countries, the distribution of the frequency of attendance among the participants, and the presence of distance decay in participation. All hypotheses are confirmed. We also pay attention to the relation between the frequency of attendance and distance. In the conclusions we derive implications for future conferences. [source]

Small,Scale Entrepreneurship and Access to Capital in Peripheral Locations: An Empirical Analysis

GROWTH AND CHANGE, Issue 2 2002
Daniel Felsenstein
This paper presents an analysis of a public assistance program for small,scale entrepreneurship in peripheral areas. Public assistance compensates for market inefficiencies where the decision rules of financial institutions discriminate against otherwise viable small firms in capital markets. Lending institutions perceive high risk in providing debt capital when little information is present. Using empirical data from Israel, the determinants of this risk are estimated and the role of location in creating this information asymmetry is stressed. These results empirically establish that (1) location matters in determining the risk profile of the firm, (2) locationally targeted programs can reduce the information asymmetries that make peripheral firms unattractive to lenders, and (3) these programs can also generate positive welfare effects. Finally, there is speculation on the potential role of ICT (information and communications technology) in increasing the visibility of small firms in remote locations and creating a more symmetrical flow of information. [source]