The Demographics of World’s Largest Corporations: Focus on the Different Region Levels

Patrik Vaněk

No 2023-85, MENDELU Working Papers in Business and Economics from Mendel University in Brno, Faculty of Business and Economics

Abstract: We explore the large corporations' corporate headquarters based on their geographical location, age, and sector composition. Companies are divided by global regions, countries, metropolitan areas, and cities to provide a detailed analysis of the ability to produce large companies. It is a descriptive study using a cross-sectional design. The unit of research consists of the world's 2000 largest companies (champions), as reported by Forbes Global 2000 in 2008 and 2022. Our results indicate that East and South Asia strengthened their significance since the Great Recession, North America remained stable, and other regions, including Western Europe, have weakened due to China's rapid growth. We suggest that focusing only on the country and city levels is misleading, and future research should consider the metropolitan regions instead. Our results might interest economic geography researchers and policymakers as they indicate the relative competitiveness of regions in supporting the emergence and growth of champions.

Keywords: Geography of IB activities; MNE performance; headquarters' distribution; corporate demographics; Forbes Global 2000 (search for similar items in EconPapers)
JEL-codes: F02 F23 (search for similar items in EconPapers)
Pages: 21
Date: 2023-03
New Economics Papers: this item is included in nep-int and nep-ure
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