کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9547470 | 1370949 | 2005 | 24 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Asymmetric information as a key determinant for locational choice of MNC headquarters and the development of financial centers: A case for China
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
![عکس صفحه اول مقاله: Asymmetric information as a key determinant for locational choice of MNC headquarters and the development of financial centers: A case for China Asymmetric information as a key determinant for locational choice of MNC headquarters and the development of financial centers: A case for China](/preview/png/9547470.png)
چکیده انگلیسی
As a socialist market economy, the spatial effect of asymmetric information is much more effective in China where most of the information sources are centralized to a few administrative and governmental bodies. The objective of this paper is thus to testify the impact of asymmetric information on the locational choice of foreign MNCs in China based on our investigation. By doing so, we try to illustrate that asymmetric information is the key determinant of the locational choice of MNC headquarters and the development of financial centers. The findings of the paper argue that contrary to the traditional point of view, Beijing has more advantages than Shanghai in developing into the biggest service and financial center in China since its attractiveness to the MNC headquarters is far pronounced according to the asymmetric information criterion and requirement.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: China Economic Review - Volume 16, Issue 3, 2005, Pages 308-331
Journal: China Economic Review - Volume 16, Issue 3, 2005, Pages 308-331
نویسندگان
Simon X.B. Zhao, Jianming Cai, Li Zhang,