TY - JOUR
T1 - Linking global financial networks with regional development
T2 - a case study of Linyi, China
AU - Pan, Fenghua
AU - YANG, Chun
AU - Wang, He
AU - Wójcik, Dariusz
N1 - Funding Information:
This research was supported by the National Natural Science Foundation of China (NSFC) [grant number 41871157]; the UK Economic and Social Research Council (ESRC) [grant number ES/P003435/1]; and the European Research Council (ERC) under the European Union's Horizon 2020 Research and Innovation Program [grant number 681337]. The authors thank Dr Zuoli Liu for help with the interviews in Linyi. The authors are very grateful for the insightful comments made by the editor and anonymous reviewers. All remaining errors are the authors? own.
PY - 2020/2/1
Y1 - 2020/2/1
N2 - This study applies the global financial network (GFN) framework to investigate the process and consequences of global financing for a regional economy in a financial globalization era. Using Linyi, a prefectural-level city in China as a case study, it illustrates how the regional economy has been linked with GFN via overseas listings of the lead regional firms. By incorporating in offshore jurisdictions, listing on overseas stock exchanges in world cities and through interaction with international advanced business services firms, since the early 2000s the lead firms and regional economy of Linyi have established global capital and knowledge pipelines.
AB - This study applies the global financial network (GFN) framework to investigate the process and consequences of global financing for a regional economy in a financial globalization era. Using Linyi, a prefectural-level city in China as a case study, it illustrates how the regional economy has been linked with GFN via overseas listings of the lead regional firms. By incorporating in offshore jurisdictions, listing on overseas stock exchanges in world cities and through interaction with international advanced business services firms, since the early 2000s the lead firms and regional economy of Linyi have established global capital and knowledge pipelines.
KW - advanced business services
KW - global financial network
KW - initial public offering
KW - offshore jurisdiction
KW - regional development
KW - world city
UR - http://www.scopus.com/inward/record.url?scp=85065198050&partnerID=8YFLogxK
U2 - 10.1080/00343404.2019.1599844
DO - 10.1080/00343404.2019.1599844
M3 - Journal article
AN - SCOPUS:85065198050
SN - 0034-3404
VL - 54
SP - 187
EP - 197
JO - Regional Studies
JF - Regional Studies
IS - 2
ER -