Unpacking the U-shaped relationship between related variety and firm sales: Evidence from Japan

被引：5
|
作者：
Lu, Ren [1 ]
Song, Qing [1 ]
Xia, Ting [2 ]
Lv, Daguo [3 ]
Reve, Torger [4 ]
Jian, Ze [1 ]
机构：
[1] Guangdong Univ Finance & Econ, Sch Business Adm, Guangzhou, Peoples R China
[2] Guangdong Univ Finance & Econ, Sch Finance, Guangzhou, Peoples R China
[3] Anhui Univ Finance & Econ, Inst Finance & Publ Management, Bengbu, Peoples R China
[4] BI Norwegian Business Sch, Dept Strategy & Entrepreneurship, Oslo, Norway
来源：
PAPERS IN REGIONAL SCIENCE | 2021年 / 100卷 / 05期
关键词：
firm sales; Japan; related variety; U-shape; UNRELATED VARIETY; EMPLOYMENT GROWTH; REGIONAL GROWTH; INNOVATION; PRODUCTIVITY; INDUSTRIES; RESOURCES; CAPACITY; LOCATION; URBAN;
D O I：
10.1111/pirs.12608
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The purpose of this paper is to study how related variety influences firm sales. We apply an instrumental variable method (as well as the most recent plausible instrumental variable method in robustness tests) to analyze more than 600,000 firm observations in all of Japan's 47 prefectures. We find that related variety, as a kind of regional industrial structure, has a U-shaped relationship with firm sales. This finding enriches the related variety perspective by supplementing micro-level evidence, revealing that the "related variety-firm sales" relationship is not linear, as most prior studies have suggested.
引用
收藏
页码：1136 / +
页数：23
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