한국 상장, 코스닥 기업의 입지이전결정요인과입지특성에 관한 연구
A Study on Location Determinants and Characteristics of Korea Listing Companies and KOSDAQ Companies
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In this study, 1143 of the companies listed were investigated in order to identify the factors that influence their physical location. Location theory is employed to explain the problem of decentralizing Korea’s corporate infrastructure, as most major corporations tend to be physically based in the Seoul Metropolitan Area. Data for explanatory variables were obtained from the Korea Investors’ Service database and data for analysis of social capital were gathered from the National Statistical Office and critical information regarding physical corporate location was gathered case by case. The determinants of location choices for corporations were evaluated using a Multinomial Logit model with 4 alternatives. In this paper, we argue that the determinants of firm specific characteristics and regional specific characteristics are important to a firm’s relocation decisions. Empirical evidence shows that larger firms prefer a location in other regions than Seoul, manufacturing firms prefer location in Seoul rather than other regions, and older firms prefer a location in Seoul.
Abstract
In this study, 1143 of the companies listed were investigated in order to identify the factors that influence their physical location. Location theory is employed to explain the problem of decentralizing Korea’s corporate infrastructure, as most major corporations tend to be physically based in the Seoul Metropolitan Area. Data for explanatory variables were obtained from the Korea Investors’ Service database and data for analysis of social capital were gathered from the National Statistical Office and critical information regarding physical corporate location was gathered case by case. The determinants of location choices for corporations were evaluated using a Multinomial Logit model with 4 alternatives. In this paper, we argue that the determinants of firm specific characteristics and regional specific characteristics are important to a firm’s relocation decisions. Empirical evidence shows that larger firms prefer a location in other regions than Seoul, manufacturing firms prefer location in Seoul rather than other regions, and older firms prefer a location in Seoul.
참고문헌 (10)
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