The Divergence of Geographical Location of Listed Companies(Headquarters):On the Standard of Enterprise Location and the Development of Location Theory
The"office address"and"registration address"of the listed company,which are the only two standards for judging the geographical location of the headquarters,are not spatially identical.This phenomenon may lead to inconsistencies between the location or regional attribution of listed companies(headquarters)defined in numerous literature and the reality,thereby questioning the credibility of research data and conclusions.Based on multidisciplinary literature,this article expounds the divergence of enterprise location and its impact on empirical research,verifies the ability of office address and registration address to represent the location of A-share listed companies(headquarters),and discusses the criteria of enterprise location under different circumstances and its impact on location theory.The results show that:1)The separation of the office address and the registration address will inevitably lead to the discrepancy between the location and the region of the listed company(headquarters)defined in some literatures and the reality,and cause errors in enterprise indicators,regional indicator statistics and enterprise distance,which makes the credibility of the research conclusion doubtful.2)Among the 117 A-share listed companies with cross-province separation of office address and registration address,up to 85.48%of the company headquarters and office address are the same,the office address is much better than the registration address in representing the location of the company(headquarters),so the relevant research of listed companies should take the office address as the location of the company(headquarters),and the existing literature using registration address should be re-examined.3)In fact,the separation between business premises and registration address is quite common.The location of the company(headquarters)in economic geography is be a business premises that undertakes economic functions and occupies a certain geographical space,and the registration address should only be applied in a few non-economic research and data statistics.It should pay more attention to the separation of registration address and business premises,which will be beneficial to the development and innovation of location theory in the aspects of location subject,location phenomenon,location factor and location influence.
万方数据
