Product differentiation, external economies and MNE location choices: M&As in global cities

• 成果类型: Review
• 署名作者: Nachum, L; Wymbs, C
• 署名单位: City University of New York (CUNY) System; Baruch College (CUNY)
• 刊物名称: JOURNAL OF INTERNATIONAL BUSINESS STUDIES
• ISSN/ISSBN: 0047-2506
• DOI: 10.1057/palgrave.jibs.8400151
• 发表日期: 2005
• 页码: 415-434
• 关键词: product differentiation; Location decisions; Global cities; Foreign acquisitions; financial and professional service industries

摘要

Recent research has addressed the heterogeneity among MNEs in terms of their tendency to agglomerate. In this paper, we extend the scope of the firm-specific attributes considered to affect this agglomeration tendency by examining product differentiation. We find significant association between product differentiation and the preferences of firms for proximity to other firms in their industry. These findings imply that the value of agglomeration varies for firms pursuing different product differentiation strategies. We propose a conceptualization of product and location differentiations as two related dimensions of MNEs' strategy.