Resource - Seeking Agglomeration : A Study of Market Entry in The Lodging Industry  

Oleh:

Kalnins, Arturs ; Chung, Wilbur

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Strategic Management Journal vol. 25 no. 7 (Jul. 2004), page 689-700.
Topik: INDUSTRY; market entry; agglomeration; resources

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: SS30.16 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

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.

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