Kuah, Adrian, Tse, Terence, and Esposito, Mark (2013) Financial agglomerations in the UK: geographical cluster size and firm performance. Journal of Competitiveness & Strategy, 3. pp. 16-35.

PDF (Published Version) - Published Version Restricted to Repository staff only

Abstract

This paper reinforces the premise that cluster size has beneficial influence on performance by using data of 17,535 UK financial services companies.The research issue is whether having a closely related industry cluster is truly beneficial to member firms' profitability, as recent studies alleged that a large cluster creates congestion and has negative implications for performance.However, a myriad of performance measures were used and notably many still consider financial performance as key measures. By segregating a cluster into its competing and related sectors, I find they work in opposite directions on promoting firm growth prospects and financial performance. I argue related sectors in a cluster allow the firm to draw pecuniary benefits to better its financial performance, while the competing sector promotes its growth prospects.

Item ID:	28398
Item Type:	Article (Research - C1)
ISSN:	2250-3587
Date Deposited:	15 Aug 2013 06:10
FoR Codes:	14 ECONOMICS > 1403 Econometrics > 140301 Cross-Sectional Analysis @ 20% 14 ECONOMICS > 1402 Applied Economics > 140209 Industry Economics and Industrial Organisation @ 40% 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl Banking) @ 40%
SEO Codes:	91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910499 Management and Productivity not elsewhere classified @ 100%
Downloads:	Total: 8
	More Statistics