Asset servicing at a second-tier financial centre: Framing embeddedness through mechanisms of the firm-territory nexus

Waite, David

doi:10.1016/j.geoforum.2016.12.014

Cited by 9 publications

(3 citation statements)

References 77 publications

(73 reference statements)

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“…Over the last few years, the GFNs concept has found many applications, including the study of specific segments of financial and business services (FABS; Dörry, 2016), financial centers (Waite, 2017), urban networks in China (Pan et al, 2017; Yang et al, 2017), and cities in the Global South (Parnreiter, 2017). It has also influenced studies on sectoral GPNs, including the energy sector (Baker and Sovacool, 2017).…”

Section: The Genesis Of Global Financial Networkmentioning

confidence: 99%

Rethinking global financial networks

Wójcik

2018

Dialogues in Human Geography

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As argued insightfully by Töpfer, the global financial networks (GFNs) concept needs to be more politically sensitive, particularly if it is to capture the dynamics of Chinese capitalism and its role in the world at large. However, in doing so, we should not lose sight of the role of financial and business services, financial centers, and offshore finance at the heart of the GFN framework. With the map of the financial world in a state of turmoil, the future of GFN research looks exciting.

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Section: The Genesis Of Global Financial Networkmentioning

confidence: 99%

Rethinking global financial networks

Wójcik

2018

Dialogues in Human Geography

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“…Nevertheless the spatial imaginary of a linked financial centre remains prominent. This can be evidenced in both prior research (Waite, 2017), but also in promotional material prepared by industry support groups. In terms of the latter, the prospectus set out by the industry body, Scottish Financial Enterprise, notes the "central hubs of Edinburgh and Glasgow".…”

Section: Competitiveness and Investmentmentioning

confidence: 73%

Agglomeration is in the eye of the beholder: the changing governance of polycentrism

Waite

2021

Territory, Politics, Governance

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The author would like to thank all interviewees for their time commitment. Thanks are also due to attendees at the Loughborough (2019) conference -Planning and Governing Polycentric Urban Regions -where helpful comments on the paper were received. This paper will be presented, for information purposes, to the independent Commission on Economic Growth that advises city-region policymakers in Glasgow, UK. The author provides research support to the Commission and Commission activities receive resource from the Glasgow City-region Programme Management Office. The paper reflects the views of the author only, not Commissioners nor any other person(s)/organisation(s).

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“…Research on regional development has focused on the contribution that FBs make to the territory (Alsos et al , 2014; Basco, 2015; Stough et al , 2015) and on the local embeddedness of FBs as a requirement for their growth and sustainability (Baù et al , 2019; Nordqvist et al , 2013; Sharma and Manikutty, 2005). Specifically, the literature has defined the “firm-territory nexus” (Dicken and Malmberg, 2001) as a mutually constitutive relationship whose profound understanding remains challenging as to what holds this nexus together and especially as to which territorial factors interact with the spatial configuration of firms (Waite, 2017).…”

Section: Introductionmentioning

confidence: 99%

How does the territory impact on entrepreneurial family embeddedness?

Martínez-Sanchis¹,

Amonarriz

Landart

2020

JEC

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Purpose This paper aims to explore how territory impacts on entrepreneurial families’ (EFs) embeddedness to unveil the role that territories play on the continuity and development of EFs. Design/methodology/approach To study complex contexts where subjective realities are analyzed, a constructivist qualitative approach is recommended. Given that, this paper develops a qualitative methodology in which 25 semi-structured interviews were carried out and analyzed based upon the use of ATLAS.ti, following an open-coding approach. Findings This paper found out that the territory can condition EFs’ embeddedness in different ways. First, through the cultural embeddedness, the shared territorial understanding of values and norms inherited by the history of the territory. Second, by the political embeddedness, i.e. the power exercised by territorial economic actors and non-market institutions. Third, through the structural embeddedness generated by the territorial social networks and the generation of close relationships and finally, through the so-called cognitive embeddedness, the territorial actors’ representations, interpretations and meanings. These four modes of territorial embeddedness are unfolded in a set of 16 territorial factors that impact on EFs’ embeddedness. Most of the identified factors, 14 out of the 16, are acting mainly over one of the embeddedness modes studied (cultural, political, structural and cognitive), while two of them, because they are operating simultaneously on various modes of embeddedness, have been considered transversal factors. Originality/value EFs have, to a great extent, been recognized as major generators of positive externalities in the territories in which they are located, and to date, the literature has focused on the impact that firms and family firms have on regional development. However, how the territory conditions the embeddedness of these families, especially how it impacts on the EFs’ territorial embeddedness, remains unexplored. This paper proposes a framework of 16 factors that help to understand the embeddedness dynamics between EFs and territories, serving as a starting point for future research avenues. Additionally, regional policy makers may use it as a guidance to build policy mix that considers these territorial factors to boost EFs’ embeddedness.

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Asset servicing at a second-tier financial centre: Framing embeddedness through mechanisms of the firm-territory nexus

Cited by 9 publications

References 77 publications

Rethinking global financial networks

Rethinking global financial networks

Agglomeration is in the eye of the beholder: the changing governance of polycentrism

How does the territory impact on entrepreneurial family embeddedness?

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