Analyzing the Characteristics and Causes of Location Spatial Agglomeration of Listed Companies: An Empirical Study of China’s Yangtze River Economic Belt

Table 2

Details of the driving factors used in the model.

Driving factors	Definition	Indicator
City	To some extent, affects the environment for the survival and development of listed companies	GDP
Globalization	Affects the convenience of enterprises to carry out cross-border cooperation in technology, capital, production, operation, and labor services	Actual utilization of foreign capital
Technology	To a certain extent, determines the ease of industrial transformation and product power of listed companies	Total expenditure on science and technology
Knowledge	Affects the enterprise’s production-university-research cooperation and innovative atmosphere	The number of ordinary institutions of higher learning
Policy	Affects the smooth implementation of the company’s layout and business strategy	The general public budget expenditure of the government
Location	The administrative level of a city is directly related to the concentration of resource elements and regional social and economic activities	Administrative level

Note. “City” is city scale; “globalization” is the globalization level; “technology” refers to the technological input; “knowledge” refers to the level of knowledge spillover; “policy” is the level of policy support; and “location” refers to the geographical location.