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Research Seminar with Associate Professor Evan Rawley (HOPE-SMG Seminar)

November 21, 2014 @ 12:00 am - 1:15 pm

Title: Intra-Firm Spillovers? The Stock and Flow Effects of Collocation

 

 

Evan Rawley’s bio in brief

Evan RaEvan Rawleywley joined The Columbia Business School in the strategy area as an Associate Professor in 2012. He was previously an Assistant Professor at the Wharton School. His research on corporate strategy and entrepreneurship has won numerous awards and has been published in Management Science, Organization Science, the Journal of Economics & Management Strategy, and the Strategic Management Journal. Evan holds a Ph.D. from Berkeley’s Haas School of Business and an M.B.A. from the University of Chicago. Prior to completing his Ph.D. Evan worked for the Boston Consulting Group in New York and for Deloitte in Detroit.

 

Abstract

 

We examine the impact of collocation on local within-firm performance, or intra-firm spillovers, by decomposing spillovers into one-time “stock” and recurring “flow” effects. Stock effects include one-time learning effects and asset specific investments. Flow effects include ongoing resource sharing as well as cannibalization. Using data on the population of U.S. hotels and restaurants from 1977-2007, we exploit changes in the number of collocated establishments owned by the same firm to estimate the relative importance of stock and flow benefits. We find that collocation improves the productivity of new and existing establishments by 1-2%, even when correcting for endogenous sorting into collocation. Moreover, while stock effects are similar, flow effects vary considerably by industry. The results, in conjunction with our field work, suggest that collocation generally facilitates the transfer of knowledge within the firm, but that flow effects of collocation are more sensitive to the broader economic environment.

Details

Date:
November 21, 2014
Time:
12:00 am - 1:15 pm
Event Category:

Venue

Kilen CBS
Kilevej 14A, room k.2.75
Copenhagen, 2000 Denmark
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Phone:
+45 3815 3390

Organizer

Department of Strategic Management and Globalization