Location, Location, … and Its Significance for Small Banks

Jackowicz, Krzysztof; Kozłowski, Łukasz; Wnuczak, Paweł

doi:10.1080/00128775.2019.1651654

Cited by 7 publications

(6 citation statements)

References 58 publications

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“…Spatial concentration in banking and finance can be traced back to a range of interacting and complementary processes. For example, the proximity of banks to their clients affects lending patterns (Degryse and Ongena, 2005; Flögel and Gärtner, 2020; Jackowicz et al, 2020), while the efficiency of banks is a function of their distance to financial centers (Degl’Innocenti et al, 2017). Furthermore, specialized knowledge—and knowledge workers—are geographically concentrated.…”

Section: Discussionmentioning

confidence: 99%

Hierarchical tendencies, functional specializations, and (in)stability across European banking centers

Musschoot

Derudder

Dörry

2023

European Urban and Regional Studies

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Drawing on conceptual research exploring how evolving geographies of finance inform urban and regional change, we examine the size and functional scope of the presence of leading global banks across functional urban areas in Europe. Based on data for 100 major global banks, we find that their overall presence is proportional to (the square root of) the national gross domestic product. London and Luxembourg host far more banks than can be explained by their national gross domestic product, which can be traced back to their export of banking services. We also analyze the geographies of specialized banking services per city. Corporate and investment banking are mainly explained by national gross domestic product, with London emerging as the most prominent center. Private banking and securities services, in turn, are largely independent of national gross domestic product and rely on the importance of small and specialized economies such as Luxembourg and St Helier (Jersey). The stability of Europe’s banking centers is underpinned by their role as the national banking center and/or their specialization in international banking services, as well as manifested in specialized subnetworks of financial centers.

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Section: Discussionmentioning

confidence: 99%

Hierarchical tendencies, functional specializations, and (in)stability across European banking centers

Musschoot

Derudder

Dörry

2023

European Urban and Regional Studies

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“…On one hand, for example, we can observe a decreasing importance of more 'traditional' financial institutions: regionally varying drawbacks of local banks may become relevant since corresponding regional 'financing deserts' for firms can emerge (Appleyard 2013; Clark 2017). Other approaches emphasise differences in practices of small compared to large banks, with the latter being particularly concentrated in large financial centres, or address differences in centralised and decentralised banking systems (Flögel and Gärtner 2018;Jackowicz et al 2020). Notably, similar to regional housing outlined above, the spatial financial intermediation structure might not only differ within a country due to developments such as regional drawbacks of banks or concentration of financial and business services in large centres (e.g., Hashimoto and Wójcik 2021), but also between countries as a consequence of, for example, national institutional differences or specialisations of financial centres and industries (see, among others, Dörry 2021; Flögel and Gärtner 2018; Gärtner and Flögel 2015; Klagge et al 2017).…”

Section: Regional Financial Intermediationmentioning

confidence: 99%

A Note on The Empirics of Regional Financialisation

Vanella¹

2022

moegg

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“…Training is particularly important for co-operative financial institutions (CFIs), which include cooperative banks and credit unions (McKillop et al, 2020). CFIs are an extremely important part of the financial landscape of many European countries (Clark et al, 2018;Jackowicz et al, 2020). They support local development (Clark et al, 2018) and foster financial inclusion (Jackowicz et al, 2020;Kil & Miklaszewska, 2017), which has still been a great challenge in many communities (Vasile et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

“…CFIs are an extremely important part of the financial landscape of many European countries (Clark et al, 2018;Jackowicz et al, 2020). They support local development (Clark et al, 2018) and foster financial inclusion (Jackowicz et al, 2020;Kil & Miklaszewska, 2017), which has still been a great challenge in many communities (Vasile et al, 2021). Training can help CFIs prepare employees to deal with changes in the complexity of financial products (Jones et al, 2012) and in building local institutional trust (Bossler & Schild, 2016).…”

Section: Introductionmentioning

confidence: 99%

The influence of training, membership and employee age on turnover intention in co-operative financial institutions

Piasecki

2024

International Journal of Contemporary Management

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Purpose Training is an important element of human resource management (HRM) at co-operative financial institutions (CFIs), affecting their performance and their implementation of co-operative principles. Nevertheless, this topic has been fairly unexplored in the literature. In particular, we do not know how training affects turnover intention and how this influence is moderated by employee characteristics like membership (i.e., holding employer shares) and age. Thus, the aim of this article is to examine the impact of training on turnover intention, taking into account employee membership and age. Design/methodology/approach The research hypotheses were formulated using the framework of social exchange (SET) theory and were verified using a sample of more than 1,500 employees sourced from 42 Polish co-operative banks in 2017. The analysis involved two-level linear regression models with two- and three-way moderation. Findings The results indicate that training decreases turnover intention in CFIs. Moreover, this effect appears to be stronger for employee-members than for non-members. Furthermore, moderation through membership only applies to older employees, whereas, among younger employees, there is no difference between members and non-members. Originality/value By investigating the effects of training within CFIs specifically, this article responds to calls to take context into greater account in HRM studies, and also helps find moderators to explain the ambiguity of existing studies about the impact of training on turnover. Moreover, the article makes an important contribution to the co-operative literature by analysing the role of membership in shaping employee turnover intention.

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Location, Location, … and Its Significance for Small Banks

Cited by 7 publications

References 58 publications

Hierarchical tendencies, functional specializations, and (in)stability across European banking centers

Hierarchical tendencies, functional specializations, and (in)stability across European banking centers

A Note on The Empirics of Regional Financialisation

The influence of training, membership and employee age on turnover intention in co-operative financial institutions

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