An investigation of age-dependent agglomeration effects in financial services

Kuah, Adrian T.H., and Ward, Damian R. (2011) An investigation of age-dependent agglomeration effects in financial services. Singapore Management Review, 33 (1). pp. 17-35.

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This paper fills the gap in the literature as to whether financial institutions experience disproportionate agglomeration benefits due to their length of establishment. The incentive to agglomerate is not justified if the established firms do not benefit, as some literature propose. There is evidence to suggest it is inaccurate to say that only young firms benefit from clustering, or established firms suffer negative impacts, As an exploratory investigation, the finding suggests that age can play a role in different benefits sought by different sectors within financial services. This study proposes cluster-based management policies that take account of the establishment profile of cluster members and their identifiable needs.

Item ID: 23457
Item Type: Article (Research - C1)
ISSN: 0129-5977
Keywords: financial services; clusters; age-dependency; agglomeration economies
Date Deposited: 04 Dec 2012 22:33
FoR Codes: 14 ECONOMICS > 1402 Applied Economics > 140202 Economic Development and Growth @ 40%
14 ECONOMICS > 1403 Econometrics > 140301 Cross-Sectional Analysis @ 30%
15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl Banking) @ 30%
SEO Codes: 91 ECONOMIC FRAMEWORK > 9101 Macroeconomics > 910103 Economic Growth @ 40%
91 ECONOMIC FRAMEWORK > 9102 Microeconomics > 910203 Industrial Organisations @ 30%
91 ECONOMIC FRAMEWORK > 9104 Management and Productivity > 910402 Management @ 30%
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