search query: @author Ghosh, C. / total: 6
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| Author: | Ghosh, C. Rodriguez, M. Sirmans, C. |
| Title: | Gains from corporate headquarters relocations: evidence from the stock market |
| Journal: | Journal of Urban Economics
1995 : NOV, VOL. 38:3, p. 291-311 |
| Index terms: | COMPARATIVE ADVANTAGE COMPANIES STOCK MARKETS |
| Language: | eng |
| Abstract: | This paper provides empirical evidence on investors' perceptions of the relative advantages and costs of spatial agglomeration. Specifically, the authors examine the stock price effects of headquarters relocations. The stock market reaction is significantly positive when relocation decisions are attributed to cost savings, indicating that cost savings available at less centralized locations outweigh any loss of enhancements associated with spatial clustering at urban centers. |
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