Financial centre primacy around the world: international analysis based on mergers and acquisitions data
分析了2000-2017年间16个国家的金融业并购数据，揭示各国金融中心首位度的不同水平及其随时间的变化，发现全球金融中心首位度并不均衡，且首位金融中心并非普遍增强其主导地位。
Abstract We analyse mergers and acquisitions in the financial sector between 2000 and 2017 to explore the domestic hierarchies of financial centres. Across a sample of 16 countries, we reveal different levels of financial centre primacy and explain how these levels change over time. These findings are analysed through a theoretical framework which integrates the literatures on urban primacy, global and world cities and comparative political economy. Situating our findings at the intersection of these literatures allows us to remain sensitive to geography, history and institutions in our analysis of financial centre primacy. Overall, our results show uneven levels of financial centre primacy around the world and that primate financial centres do not universally increase their dominance over time.