Risk and trust in the cultural industries

Firm entry and institutional lock-in: an organizational ecology analysis of the global fashion design industry

“…In fashion design, scale economies in production are of less importance compared to manufacturing activities. Indeed, fashion designers are more concerned with remaining creatively relevant and maintaining an image of exclusivity (Banks, 2000). In order to test the two hypotheses (spillovers are local and competition is global), we include density dependence of all types at all levels.…”

Professional mobilities in the creative industries: The role of “place” for young people aspiring for a creative career

“…This attention has taken many forms including critical discussions on the contribution of creative industries to urban development and regeneration, the clustering of creative firms, and the use of creative outputs as important symbolic and financial resources for countries engaged in various levels of trade and globalisation (Banks et al, 2000;Oakley, 2006). The current creative industries policy trajectory also foregrounds skills development with the education system, particularly higher education (HE), positioned as an important partner in the discovery of talents and subsequently directed to make these commercially exploitable resources.…”

“…Individualised labour is routinely bought and sold with limited forms of employment protection and few structured opportunities for development (Banks et al, 2000;Oakley, 2006). Workers in this industry are held up as 'a model of flexibility, mobility, adaptability, and entrepreneurialism that other sectors of the labour force can learn from' (Jayne, 2005, p. 540).…”

“…(Adam) In this way place-based resources become prompts and stimuli which can be turned into economic advantage. This self-conscious commodification is necessary in response to employment uncertainty within the industry (Banks et al, 2000;Oakley, 2013). Mobility, for instance, becomes central to 'the creation of metropolitan habitus and to the production of creative worker subjectivities-oriented around flexibility, enterprise and willingness to move for work.…”

Study on Financing Efficiency of China's cultural Industry

“…The Committee also pointed out that cultural investment and financing policy determines the culture market access. Mark Banks (2000) [8] pointed out that risk and the trust with management right play important roles in culture industry investment and financing. He also made a study of the risk control and the trust negotiation in the informal sector.…”