Open AccessDid the 2008 global economic crisis affect large firms in Europe?
Author(s) -
Piotr Raźniak,
Anna Winiarczyk-Raźniak
Publication year - 2015
Publication title -
acta geographica slovenica
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.473
H-Index - 20
eISSN - 1581-8314
pISSN - 1581-6613
DOI - 10.3986/ags.740
Subject(s) - financial crisis , decentralization , distribution (mathematics) , economic geography , business , affect (linguistics) , economy , geography , economics , market economy , mathematical analysis , linguistics , philosophy , mathematics , macroeconomics
The paper analyses the spatial distribution of the largest global corporations found on the Forbes Global 2000 list and with headquarters in Europe. The analysis includes the effects of the 2008 global financial crisis on changes in corporate financial performance. Research has shown that London has the largest economic potential in Europe, while companies in Central and Eastern European cities exhibit high rates of growth. The crisis triggered a decentralisation of corporate headquarters’ location resulting in more cities with corporate headquarters.