The Regional Concentration of Industries and the Performance of Firms: a Multilevel Approach



Título del documento: The Regional Concentration of Industries and the Performance of Firms: a Multilevel Approach
Revue: BAR - Brazilian Administration Review
Base de datos: CLASE
Número de sistema: 000336975
ISSN: 1807-7692
Autores: 1
2
3
Instituciones: 1Instituto Presbiteriano Mackenzie, Sao Paulo. Brasil
2Fundacao Getulio Vargas, Escola Brasileira de Administracao Publica e de Empresas, Rio de Janeiro. Brasil
3Fundacao Getulio Vargas, Escola de Administracao de Empresas, Sao Paulo. Brasil
Año:
Periodo: Oct-Dic
Volumen: 7
Número: 4
Paginación: 345-361
País: Brasil
Idioma: Inglés
Tipo de documento: Artículo
Enfoque: Analítico
Resumen en inglés 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.
Disciplinas: Administración y contaduría,
Economía
Palabras clave: Planeación,
Economía industrial,
Industria,
Concentración industrial,
Clusters,
Localización,
Comportamiento financiero,
Modelo multinivel,
Sao Paulo,
Brasil
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