Urban, M, Wójcik, D, Pazitka, V orcid.org/0000-0001-9097-4375 et al. (1 more author) (2022) Labour and control shifts: financial services in US metro areas, 2007–17. Regional Studies. ISSN 0034-3404
Abstract
We use a triangulation approach combining data on mergers and acquisitions and the labour market with 66 interviews to tease out a decade of changes (2007–17) in corporate control and employment in financial services across 47 major US metropolitan areas. Our results show that while corporate control is rapidly shifting and concentrating within a financial-cum-technological axis of first-tier cities, which we coin the Northeastern Corridor–Bay Area axis, with New York and San Francisco in the lead, significant employment growth took place in second- and third-tier cities, such as Jacksonville, Florida, signalling a changing spatial division of labour in US finance.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2022 The Author(s). Published by Informa UK Limited, trading as Taylor & Francis Group. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. |
Keywords: | financial centres; labour markets; corporate control; mergers and acquisitions; United States; financial geography |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 20 Sep 2022 13:04 |
Last Modified: | 02 Nov 2022 10:09 |
Status: | Published online |
Publisher: | Taylor & Francis |
Identification Number: | 10.1080/00343404.2022.2120976 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:191066 |
Download
Filename: Labour and control shifts financial services in US metro areas 2007 17.pdf
Licence: CC-BY 4.0