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Article: Asymmetric information as a key determinant for locational choice of MNC headquarters and the development of financial centers: A case for China

TitleAsymmetric information as a key determinant for locational choice of MNC headquarters and the development of financial centers: A case for China
Authors
Issue Date2005
PublisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/chieco
Citation
China Economic Review, 2005, v. 16 n. 3, p. 308-311 How to Cite?
AbstractAs 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. © 2005 Elsevier Inc. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/157870
ISSN
2015 Impact Factor: 1.116
2015 SCImago Journal Rankings: 0.997
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorZhao, SXBen_US
dc.contributor.authorCai, Jen_US
dc.contributor.authorZhang, Len_US
dc.date.accessioned2012-08-08T08:56:04Z-
dc.date.available2012-08-08T08:56:04Z-
dc.date.issued2005en_US
dc.identifier.citationChina Economic Review, 2005, v. 16 n. 3, p. 308-311en_US
dc.identifier.issn1043-951Xen_US
dc.identifier.urihttp://hdl.handle.net/10722/157870-
dc.description.abstractAs 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. © 2005 Elsevier Inc. All rights reserved.en_US
dc.languageengen_US
dc.publisherElsevier BV. The Journal's web site is located at http://www.elsevier.com/locate/chiecoen_US
dc.relation.ispartofChina Economic Reviewen_US
dc.titleAsymmetric information as a key determinant for locational choice of MNC headquarters and the development of financial centers: A case for Chinaen_US
dc.typeArticleen_US
dc.identifier.emailZhao, SXB:sxzhao@hku.hken_US
dc.identifier.authorityZhao, SXB=rp00597en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/j.chieco.2005.02.006en_US
dc.identifier.scopuseid_2-s2.0-27144475305en_US
dc.identifier.hkuros108725-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-27144475305&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume16en_US
dc.identifier.issue3en_US
dc.identifier.spage308en_US
dc.identifier.epage311en_US
dc.identifier.isiWOS:000232896700007-
dc.publisher.placeNetherlandsen_US
dc.identifier.scopusauthoridZhao, SXB=7403577707en_US
dc.identifier.scopusauthoridCai, J=8230928100en_US
dc.identifier.scopusauthoridZhang, L=8061982400en_US

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