Effects of business improvement districts on firm performance, property values and urban safety: an empirical study of five small to medium-sized Swedish towns

Business improvement districts (BIDs) have emerged as possible solutions for the revitalisation of declining urban areas. We investigate the effects of a voluntary Swedish BID programme on firm performance, urban safety and property values in five small to medium-sized Swedish towns, and find that i...

Full description

Saved in:
Bibliographic Details
Published inRegional studies Vol. 58; no. 3; pp. 552 - 564
Main Authors Daunfeldt, Sven-Olov, Mihaescu, Oana, Rudholm, Niklas
Format Journal Article
LanguageEnglish
Published Cambridge Routledge 03.03.2024
Taylor & Francis Ltd
Subjects
business improvement district
crime
difference-in-differences
Districts
firm performance
Labor productivity
labour productivity
Organizational performance
Productivity
Property values
public-private partnerships
Real estate
Safety
Towns
Urban areas
Urban regeneration
Online AccessGet full text

Cover

More Information
Summary:Business improvement districts (BIDs) have emerged as possible solutions for the revitalisation of declining urban areas. We investigate the effects of a voluntary Swedish BID programme on firm performance, urban safety and property values in five small to medium-sized Swedish towns, and find that it increased labour productivity for incumbent firms within the BID by about 7%, mainly through an increase in revenues. However, the positive effect of the BID programme on firm performance is transitory, decreasing sharply during the third year after implementation and then becoming insignificant. As for urban safety and property values, the results are mostly insignificant.
ISSN:0034-3404
1360-0591
1360-0591
DOI:10.1080/00343404.2023.2228353