Shanghai is one of the regions in China witnessing rapid development in the cultural industry, and has high growth potential as well as a strong influence on neighboring areas. The value added of the cultural industry in Shanghai amounted to CNY 194 billion in 2011, surpassing Beijing (CNY 193.8...

In the past decade, increasing economic integration with China has offered vast business opportunities to Korean firms. Given the changing industry map in East Asia, Korean firms have been seeking a new international division of labor with Chinese firms via foreign direct investment. During the...

Location choice has been one of the key elements to affect the performance of firms. While existing literature highlights the strategic value of agglomeration, we question whether the value also applies in the context of developing economies, considering the weak institutional environment would...