Please use this identifier to cite or link to this item:
http://hdl.handle.net/10397/106190
DC Field | Value | Language |
---|---|---|
dc.contributor | School of Professional Education and Executive Development | en_US |
dc.creator | Michael, B | en_US |
dc.creator | Tai, ACL | en_US |
dc.date.accessioned | 2024-05-03T00:45:42Z | - |
dc.date.available | 2024-05-03T00:45:42Z | - |
dc.identifier.uri | http://hdl.handle.net/10397/106190 | - |
dc.language.iso | en | en_US |
dc.publisher | Molecular Diversity Preservation International (MDPI) | en_US |
dc.rights | © 2023 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). | en_US |
dc.rights | The following publication Michael B, Tai AC-L. Does Asia’s Financial Intermediation of China’s Solar Industry during the 2020s Exhibit a “California Effect”? Sustainability. 2023; 15(20):14791 is available at https://dx.doi.org/10.3390/su152014791. | en_US |
dc.subject | Solar energy | en_US |
dc.subject | Cleantech | en_US |
dc.subject | International financial center | en_US |
dc.subject | Securitization | en_US |
dc.title | Does Asia's financial intermediation of China's solar industry during the 2020s exhibit a "California effect"? | en_US |
dc.type | Journal/Magazine Article | en_US |
dc.identifier.volume | 15 | en_US |
dc.identifier.issue | 20 | en_US |
dc.identifier.doi | 10.3390/su152014791 | en_US |
dcterms.abstract | What explains the rise of certain cities as international financial centers-and not others? Increasingly, authors have pointed to a supposed "California effect"-where financiers must geographically locate neither too close nor too far from the companies they serve. However, the successes and failures of Hong Kong's financial firms to provide finance to China's solar (photovoltaic) "sunrise industry" paint a far more nuanced picture than the simplistic California effect portrays. We find using new research-financial services firms intermediate or disintermediate the value chains of the client companies they provide finance for. Financial centers can exist thousands of miles-or literally half a world way-from their clients if they develop competencies that let them opportunistically seize market opportunities in sunrise industries, such as the Chinese solar industry. As financial firms actively seek to penetrate new markets, their collective action can make their urban centers hotbeds of novel finance. Such a competencies-based approach to understanding the geography of which we develop helps us understand why certain places emerge as (international) financial centers, and others do not. | en_US |
dcterms.accessRights | open access | en_US |
dcterms.bibliographicCitation | Sustainability, Oct. 2023, v. 15, no. 20, 14791 | en_US |
dcterms.isPartOf | Sustainability | en_US |
dcterms.issued | 2023-10 | - |
dc.identifier.isi | WOS:001093627200001 | - |
dc.identifier.eissn | 2071-1050 | en_US |
dc.identifier.artn | 14791 | en_US |
dc.description.validate | 202405 bcrc | en_US |
dc.description.oa | Version of Record | en_US |
dc.identifier.FolderNumber | OA_Scopus/WOS | - |
dc.description.fundingSource | RGC | en_US |
dc.description.pubStatus | Published | en_US |
dc.description.oaCategory | CC | en_US |
Appears in Collections: | Journal/Magazine Article |
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File | Description | Size | Format | |
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sustainability-15-14791.pdf | 3.39 MB | Adobe PDF | View/Open |
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