The influence of factor endowment on financial industry agglomeration – An empirical study based on the financial characteristic town

Abstract

In recent years, financial towns all over the world came into being. Based on the urban data of financial towns, this paper analyzes the factors that influence the agglomeration of financial industry, and provides empirical evidence for the rational allocation of regional resources and the formation and supervision of regional market. This paper describes the current situation of the development of the domestic financial system of town, and the financial agglomeration factor endowment, then establishes regression equation, using a number of financial data of the city which those towns belong to for multiple regression analysis. Finally, according to the influence factors of the analysis and empirical research, this paper puts forward suggestions on financial development of small town.