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

Waite, D. (2017) Asset servicing at a second-tier financial centre: Framing embeddedness through mechanisms of the firm-territory nexus. Geoforum, 80, pp. 1-12. (doi:10.1016/j.geoforum.2016.12.014)

Waite, D. (2017) Asset servicing at a second-tier financial centre: Framing embeddedness through mechanisms of the firm-territory nexus. Geoforum, 80, pp. 1-12. (doi:10.1016/j.geoforum.2016.12.014)

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Abstract

The integration of regional economies within multi-location firm networks, and the development effects stemming from such integration, is recognised as a critical but deeply complex research area (Dicken and Malmberg, 2001). In this paper, with Edinburgh’s asset servicing activities providing an empirical context, a conceptual framework is developed that points to an initial suite of mechanisms that may underpin the firm-territory nexus. By doing this, a revised perspective on how territorial and network embeddedness overlap, is given. Recognising the heterogeneous nature of head office-branch and subsidiary relationships - which asset servicing functions are ultimately inscribed in - this paper shows how the local economic and institutional contexts present in Edinburgh mesh and jostle with the co-ordinating dynamics of the global financial services sector.

Item Type:Articles
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Waite, David
Authors: Waite, D.
College/School:College of Social Sciences > School of Social and Political Sciences > Urban Studies
Journal Name:Geoforum
Publisher:Elsevier
ISSN:0016-7185
ISSN (Online):1872-9398
Published Online:13 January 2017
Copyright Holders:Copyright © 2017 Elsevier
First Published:First published in Geoforum 80:1-12
Publisher Policy:Reproduced in accordance with the copyright policy of the publisher

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