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We also document a temporal spillover effect whereby housing prices increase one year before the relocation and rise further until two years afterward and a significant spatial spillover effect of corporate relocation on nearby zip codes\u2019 housing markets up to 15 miles. We show the positive spillover effect on housing price growth is more pronounced for relocating firms with larger employee sizes and economic bases. We further find local economic spillover and agglomeration economies associated with corporate relocation. Overall, our study indicates that corporate relocation exhibits a significant impact on the local housing market. <\/jats:p><jats:p> This paper was accepted by Agostino Capponi, finance. <\/jats:p><jats:p> Funding: The project received research grant from the Alrov Institute for Real Estate Research. <\/jats:p><jats:p> Supplemental Material: The online appendix and data files are available at https:\/\/doi.org\/10.1287\/mnsc.2021.01819 . <\/jats:p>","DOI":"10.1287\/mnsc.2021.01819","type":"journal-article","created":{"date-parts":[[2024,9,11]],"date-time":"2024-09-11T13:58:21Z","timestamp":1726063101000},"page":"4344-4376","source":"Crossref","is-referenced-by-count":6,"title":["Corporate Relocation and Housing Market Spillovers"],"prefix":"10.1287","volume":"71","author":[{"ORCID":"https:\/\/orcid.org\/0000-0002-1693-6730","authenticated-orcid":false,"given":"Maggie (Rong)","family":"Hu","sequence":"first","affiliation":[{"name":"Zicklin School of Business, Baruch College, City University of New York, New York, New York 10010"}]},{"ORCID":"https:\/\/orcid.org\/0000-0002-7121-7202","authenticated-orcid":false,"given":"Desmond","family":"Tsang","sequence":"additional","affiliation":[{"name":"School of Hotel and Tourism Management, Chinese University of Hong Kong, Shatin, Hong Kong"}]},{"ORCID":"https:\/\/orcid.org\/0000-0003-1738-0815","authenticated-orcid":false,"given":"Wayne Xinwei","family":"Wan","sequence":"additional","affiliation":[{"name":"Department of Banking and Finance, Monash University, Clayton, Victoria 3800, Australia"}]}],"member":"109","reference":[{"key":"B1","doi-asserted-by":"publisher","DOI":"10.1111\/j.1468-0262.2006.00655.x"},{"key":"B2","doi-asserted-by":"publisher","DOI":"10.1016\/0094-1190(90)90022-F"},{"key":"B3","first-page":"191","volume":"7","author":"Abraham J","year":"1996","journal-title":"J. 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