Impact of Headquarters Relocation on the Operating Performance of the Firm

Gregory, Richard Paul; Lombard, John R.; Seifert, Bruce

doi:10.1177/0891242405276360

Cited by 22 publications

(17 citation statements)

References 16 publications

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“…Second, scholars relate CHQ relocations to various performance outcomes, such as operational performance (Gregory et al 2005), tax savings (e.g. Laamanen et al 2012) and, most frequently, stockprice effects (e.g.…”

Section: Discussionmentioning

confidence: 99%

Changes at Corporate Headquarters: Review, Integration and Future Research

Kunisch

Menz

Ambos

2014

Int J Management Reviews

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In modern corporations, the corporate headquarters (CHQ) unit is considered central to the fortunes of the overall firm. In light of ever‐changing environments, changes at the CHQ have become a crucial concern in management research and practice, and scholars have studied a variety of changes at the CHQ. Despite the common focus on the CHQ entity and the potential for cross‐fertilization across several research tracks, a coherent picture of this dispersed body of knowledge is lacking. This paper reviews 25 years of research on changes at the CHQ. In so doing, it advances a common language and an overarching framework that integrates the existing knowledge in the intellectual domains of strategy, organizational design and international business research. On this basis, the authors suggest directions for future research to advance knowledge of: (1) the pressure for and resistance to changes at the CHQ; (2) interrelationships among changes at the CHQ; (3) change processes at the CHQ; (4) agents involved in changes at the CHQ; and (5) adaptive and disruptive effects of changes at the CHQ. Overall, the study provides a conceptual basis for combining the existing knowledge of changes at the CHQ and serves as a guide for future research.

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Section: Discussionmentioning

confidence: 99%

Changes at Corporate Headquarters: Review, Integration and Future Research

Kunisch

Menz

Ambos

2014

Int J Management Reviews

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“…However, it is known from the literature that, in general, relocating firms tend to grow faster than non-relocating firms (Gregory et al, 2005;. This may also be a mechanism through which employment on business estates can grow.…”

Section: Growth Of Incumbentsmentioning

confidence: 98%

Employment Dynamics on Business Estates

Knoben

Weterings

2010

European Planning Studies

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The central question of this paper is: "What is the magnitude of different forms of employment dynamics on business estates in the Netherlands between 2000 and 2005 and to what extent are the employment dynamics on business estates different from employment dynamics in general?" In order to answer this question, we examine three kinds of local employment dynamics: (1) entries and exits, (2) inter-municipal relocation and (3) the growth/decline of existing firms. We find that new firm formation and inter-municipal relocation do not lead to employment growth on business estates. However, the in situ employment growth on business estates is higher than the general employment growth in the Netherlands. Therefore, it can be concluded that business estates play an important role in local employment dynamics by facilitating the growth of incumbent firms.

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“…When opening a new establishment, firms incur substantial costs from employee recruitment, retainment, and relocation (Gregory, Lombard, & Siefert, 2005). Firms minimize these costs by choosing regions that employees prefer or where talent already exists.…”

Section: Literature Debate Surrounding Place Promotionmentioning

confidence: 99%

Catching the whale: A comparison of place promotion strategies through the lens of Amazon HQ2

2019

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Identifying potential sites for firm relocation or expansion is a negotiated process that involves both firms and localities. Some firms focus on profit enhancement through cost minimization, while others seek qualities that maximize talent attraction and benefit corporate identity. Simultaneously, localities seek to maximize the economic welfare for residents through job creation and place‐based economic development strategies. The purpose of this work is to examine how localities use place promotion strategies to attract relocating or expanding firms based on analysis of proposals submitted by communities in response to the 2017 Amazon HQ2 Request for Proposals. Our results support literature streams that argue quality of life and talent attraction, as well as cost are priorities for place‐based economic development strategies. We present a complete picture of place promotion strategies that localities use to differentiate themselves and avoid competing only on cost in the competitive marketplace of corporate recruiting.

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Impact of Headquarters Relocation on the Operating Performance of the Firm

Cited by 22 publications

References 16 publications

Changes at Corporate Headquarters: Review, Integration and Future Research

Changes at Corporate Headquarters: Review, Integration and Future Research

Employment Dynamics on Business Estates

Catching the whale: A comparison of place promotion strategies through the lens of Amazon HQ2

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