Resource-seeking agglomeration: A study of market entry in the lodging industry

• 成果类型: Article
• 署名作者: Kalnins, A; Chung, W
• 署名单位: University of Southern California; University of Pennsylvania
• 刊物名称: STRATEGIC MANAGEMENT JOURNAL
• ISSN/ISSBN: 0143-2095
• DOI: 10.1002/smj.403
• 发表日期: 2004
• 页码: 689-699
• 关键词: MARKET ENTRY; agglomeration; RESOURCES

摘要

We analyze whether firms prefer collocating with incumbent firms when choosing among markets to enter, highlighting the role of resource-seeking as a motivation for collocation. We propose that entrants will locate near others possessing resources that can spill over, but will avoid locations where existing firms will exploit spillovers without contributing. To test these propositions, we analyze the location decisions of 570 new hotels in Texas between 1992 and 2000. We find that hotels are attracted to markets with branded upscale hotels. Further, we find that owners of upscale hotels avoid markets with hotels without similar resources. Copyright (C) 2004 John Wiley Sons, Ltd.