U.S. Foreign Direct Investment in the London Legal Market: An Empirical Analysis

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Title U.S. Foreign Direct Investment in the London Legal Market: An Empirical Analysis
Author Cullen-Mandikos, Bridget; MacPherson, Alan
Journal Name The Professional Geographer
Editor Truman A. Hartshorn, Georgia State University
Year Published 2002
Place of publication Malden, MA, USA
Publisher Blackwell Publishing
Abstract This article examines the nature and timing of U.S. foreign direct investment (FDI) in the London legal market. Evidence from a survey of thirtyeight U.S. subsidiaries suggests that FDI has taken place primarily to serve U.S. clients located within the United Kingdom. The evidence also suggests that early investors (pre1990) belong to a core group of multinational companies with headquarters located in firsttier U.S. cities (New York, Chicago, Los Angeles). Later investors more typically hail from smaller cities. The evidence reveals a number of important differences between early versus late investors. Specifically, subsidiaries that were established prior to 1990 are more likely to enjoy local decisionmaking autonomy than are their counterparts that entered the London market more recently. The article concludes with a brief discussion of the implications of the survey findings for future research on FDI in professional services.
Peer Reviewed Yes
Published Yes
Publisher URI http://www.blackwell-synergy.com/doi/abs/10.1111/0033-0124.00345
Alternative URI http://www.blackwell-synergy.com/links/doi/10.1111%2F0033-0124.00345
Copyright Statement Copyright 2002 Blackwell Publishing. The definitive version is available at [www.blackwell-synergy.com.]
Volume 54
Issue Number 4
Edition November 2002
Page from 491
Page to 499
ISSN 0033-0124
Date Accessioned 2003-04-08
Language en_AU
Faculty School of Law
Subject Economic Geography
URI http://hdl.handle.net/10072/6869
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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