Information flow and asymmetric information as key determinants for service and financial centre development: a case on socialist China

Abstract

In China, the spatial effect of asymmetric information is effectively obvious, since most of the information sources are centralized on a few administrative and governmental bodies. The objective of this paper is to testify this postulation by using China as a study case. Based on the investigation on the locational factors as considered by the multi-national corporation, and the empirical investigation focusing on the regional distribution of corporate headquarters, this paper focuses on assessing the spatial effects of asymmetric information in foreign corporate headquarter location. The finding of this paper suggests that local information flow and asymmetric information are the key determinant for services and financial centre development; and more importantly, geography has even mattered more in this Internet and globalization age.

本文從“不對稱信息”和“信息腹地”理論出發 ,以中國為例 ,討論了影響現代金融中心發展的決定因素。本文還以國內外企業總部在國內四城市的分布調查企業總部選址成因 ,從而分析“不對稱信息”在總部選址決定中的區域效應。