<abstract xmlns="http://www.w3.org/1999/xhtml"><p>Location decision-making constitutes one of pivotal tasks for banking managements, which applies to both banking headquarters and affiliates. The main objective of this article consists in analysis and interpretation of location factors that stay behind location-decision making of banking managements and subsequent collocation of banking head offices in the Czech Republic. In doing so, cluster analysis was utilised appropriately and it turned out, initial 18 location factors can be decreased to final three mutually similar groups, which satisfactorily embody location criteria banking managements take into account. As it has been proven banking landscape in the Czech Republic is still influenced by traditional hard factors of location, nonetheless their soft counterparts should be increasingly considered.</p></abstract>

Location decision-making constitutes one of pivotal tasks for banking managements, which applies to both banking headquarters and affiliates. The main objective of this article consists in analysis and interpretation of location factors that stay behind location-decision making of banking managements and subsequent collocation of banking head offices in the Czech Republic. In doing so, cluster analysis was utilised appropriately and it turned out, initial 18 location factors can be decreased to final three mutually similar groups, which satisfactorily embody location criteria banking managements take into account. As it has been proven banking landscape in the Czech Republic is still influenced by traditional hard factors of location, nonetheless their soft counterparts should be increasingly considered.

Managerial decision-making on the location of banking headquarters in the Czech Republic

GeoScape

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Location decision-making constitutes one of pivotal tasks for banking managements, which applies to both banking headquarters and affiliates. The main...

Managerial decision-making on the location of banking headquarters in the Czech Republic

Published Online: Dec 29, 2017

Page range: 76 - 83

Received: Aug 20, 2017

Accepted: Oct 20, 2017

DOI: https://doi.org/10.1515/geosc-2017-0006

Keywords
Banking managements, banking sector, location decisions, banking headquarters, Czech Republic

© 2017 Jan Sucháček et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Managerial decision-making on the location of banking headquarters in the Czech Republic

Published Online: Dec 29, 2017

Page range: 76 - 83

Received: Aug 20, 2017

Accepted: Oct 20, 2017

DOI: https://doi.org/10.1515/geosc-2017-0006

KeywordsBanking managements, banking sector, location decisions, banking headquarters, Czech Republic

© 2017 Jan Sucháček et al., published by De Gruyter Open

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.

Keywords
Banking managements, banking sector, location decisions, banking headquarters, Czech Republic