Inter-regional corporate ownership and regional autonomy: the case of Switzerland

Crevoisier, Olivier; Quiquerez, Frédéric

doi:10.1007/s00168-005-0017-7

Cited by 8 publications

(3 citation statements)

References 12 publications

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“…On the other hand we have multi-institutional, multinational and multi-local groups whose parent companies are well-connected to the financial milieus and who know how to use financial resources to develop their activities and external growth. Moreover, this boundary has shifted considerably as a large number of SMEs have been bought up by the larger, listed groups, a movement which makes them an active part of the financialized accumulation regime (Chabanas, 2002;Crevoisier and Quiquerez, 2005). Other methods, such as IPOs, venture capital and private equity funds, etc., have the same effect.…”

Section: The Spatial Organization Of Financementioning

confidence: 98%

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Corpataux

Crevoisier

2016

Progress in Human Geography

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The increasing power of the financial industry in today's economies has spatial fundamentals and important spatial consequences. This article examines the relevance of the social studies of finance (SSF), largely inspired by actor network theory (ANT) in this respect. Two critiques are made. First, SSF works are limited to the financial sphere and scarcely consider any connection with the rest of the economy. Second, their conception of space remains embryonic, if not entirely metaphorical. However, to understand and evaluate the effects of the financial industry requires that we take account of its spatial and historical contexts from the outset.

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Section: The Spatial Organization Of Financementioning

confidence: 98%

Lost in space

Corpataux

Crevoisier

2016

Progress in Human Geography

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“…On the other hand, SMEs find it much more difficult to access finance industry resources and, in some cases, can no longer manage to finance their growth without sacrificing their independence (Crevoisier 1997; Corpataux and Crevoisier 2005). However, this is not a fixed barrier, and the pressure of financialization has led a vast number of SMEs to be bought by big groups, a procedure that has ensured their participation in the financialized accumulation regime (Chabanas 2002; Crevoisier and Quiquerez 2005).…”

Section: A Territorial Definition Of the Autonomy Of The Finance Indumentioning

confidence: 99%

The Expansion of the Finance Industry and Its Impact on the Economy: A Territorial Approach Based on Swiss Pension Funds

2009

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A new economic geography of finance is emerging, and the current "financialization" of contemporary economies has contributed greatly to the reshaping of the economic landscape. How can these changes be understood and interpreted, especially from a territorial point of view? There are two contradictory economic theories regarding the tangible effects of the rise of the finance industry. According to neoclassical financial theorists, the finance industry's success is based on its positive effects on the real economy through its capacity to allocate financial resources efficiently. An alternative approach, adopted here, posits that finance does not merely mirror the real economy and that the financial economy, far from being a simple instrument for the allocation of capital, has its own autonomy, its own logic of development and expansion. A series of complex, and sometimes contradictory, connections link financial markets and the real economy, and there are some tensions between them, calling into question the coherence of the regional and national economies that follow from them. Moreover, the territorial approach shows how the mobility/liquidity of capital and the changing dimensions of new regions and countries are central to the finance industry's functioning. This article builds an understanding of the financial system through the lens of pension funds and highlights the impact of such a system on the real economy and its geography. , , , ,

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“…The renaissance in mechanical watchmaking since the 2000s (Jeannerat & Crevoisier, 2011) has fuelled the growth in demand for precision components, machines and tools in the region. It has also given rise to large integrated and listed companies (Corpataux et al, 2009;Crevoisier & Quiquerez, 2005) that have progressively established control over the global market chain through the development of transnational production and retail networks (Jeannerat & Crevoisier, 2011;Theurillat & Donzé, 2017).…”

Section: Switzerland's Jura Arc Region and The Fourth Industrial Revolutionmentioning

confidence: 99%

Old industrial spaces challenged by platformized value-capture 4.0

Jeannerat

Theurillat

2021

Regional Studies

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In the 1980s, Switzerland's Jura Arc region was a globally competitive 'new industrial space' in the Third Industrial Revolution's flexible accumulation regime based on information and communication technology (ICT) and automation processes. Recently, this nowadays 'old industrial space' has been experiencing the implementation of Industry 4.0. Caught between the use of existing productive assets and the development of platform-based market ecosystems, this region illustrates the challenges inherent in implementing 'forking innovation', which requires the development not only of new business models, but also of collaborative and investment models in order to scale up and increase local value capture.

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Inter-regional corporate ownership and regional autonomy: the case of Switzerland

Abstract: G34, L22, O16, R12,

Cited by 8 publications

References 12 publications

Lost in space

Lost in space

The Expansion of the Finance Industry and Its Impact on the Economy: A Territorial Approach Based on Swiss Pension Funds

Old industrial spaces challenged by platformized value-capture 4.0

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