The transformation of the British building society movement: Managerial divisions and corporate reorganization, 1986–1997

Marshall, Janice M.; Richardson, Ranald; Raybould, Simon; Coombes, Mike

doi:10.1016/s0016-7185(97)00011-0

Cited by 16 publications

(15 citation statements)

References 17 publications

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“…Such a finding indicates the initial legislation enabling building society conversion may have worked against the greater good, when this finding is considered within the broader experience of building society conversion. Such experience would also include the increasingly centralised control of converted building societies by financial institutions within central London (Martin and Turner 2000), closure of branches in less affluent areas (Marshall et al 1997), and the substantial loss of funds through ill-conceived programmes of diversification (Barnes and Ward 1999). While, a strong counter argument to such experiences of building society conversion remains primarily theoretical, it is proposed that the continuation of conversion of financial institutions from mutual status to proprietary form should be reassessed.…”

Section: Discussionmentioning

confidence: 99%

The Differential Returns Offered by Mutually Owned and Proprietary UK Depository Institutions: 1993–2000

Ashton

Letza

2003

Ann Public Coop Econ

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The study quantifies the differences in the level of return from investing in deposit (savings) accounts provided by depository institutions, which are either 'mutual' or 'proprietary'. It is shown that for most types of deposit accounts offered in the UK, mutual building societies provide higher returns than proprietary firms. Surprisingly, it is also shown that returns from deposit accounts issued by converted or non-mutual building societies are, generally, lower than either mutual building societies or proprietary firms. These findings are consistent for interest rate data adjusted for the effect of non-price product characteristics and for unadjusted interest rate data.

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Section: Discussionmentioning

confidence: 99%

The Differential Returns Offered by Mutually Owned and Proprietary UK Depository Institutions: 1993–2000

Ashton

Letza

2003

Ann Public Coop Econ

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“…The four key stages were identified through our pilot interviews, secondary data analyses of literature (e.g. Marshall et al, 1997) and annual reports of the UK Building Societies Association. These were further confirmed by main-stage interviews.…”

Section: First-order Descriptive Analysismentioning

confidence: 99%

“…This stage started in the early 1990s, with the wake-up call brought in by the recession and the abrupt decline of the housing market. Documented by Marshall et al (1997), the average number of transactions in the housing market reduced by 25% compared to the 1980s. 1992's number of transactions was only 50% of the number recorded in 1988.…”

Section: Phase Two: Recession Periodmentioning

confidence: 99%

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Organizational Identity and Legitimacy under Major Environmental Changes: Tales of Two UK Building Societies

Baruch

2010

British J of Management

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We studied how organizational identity (OI) and organizational legitimacy (OL) interplayed within two British building societies during drastic environmental changes over two decades. Four salient phases of environmental changes were identified in the British building society sector over the last two decades (introduction of new regulatory framework, recession, demutualization threats and post-demutualization era). Comparative analysis of the two firms' responses to the environmental changes found that, employing distinct specific strategies, both firms accorded tremendous attention and efforts to OI narration and re-narration in order to regain OL. Four properties were identified regarding the interplay between OI narrative and OL: level, locus, mechanism and approach. Our study contributes to the literature by (a) empirically demonstrating the role of the OI/OL interplay in understanding the relationship between organizations and external changes; (b) empirically demonstrating the valence of a narrative approach to OI as a useful perspective to study organizational change and OL; and (c) identifying the role of narrative in leading and directing such changes.

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“…Telephone call centres, for example, exhibit a strong tendency to locate in areas with a large stock of -predominantly female -labour which, though better paid than the regional norm, remains cheap on a national scale (Richardson and Marshall, 1996). Yet at the same time as telephone call centres are being heralded by local politicians as significant employment generators, they are associated with widespread closures of banks, insurance brokers and travel agents in local neighbourhoods, leading to significant, but incremental, economic and social pressures (Leyshon and Thrift, 1995;Pollard, 1996;Marshall et al, 1997). There is also a wider downside to the overarching importance of service employment.…”

Section: Regional and Economic Developmentmentioning

confidence: 99%

The geographies of services: new wine in old bottles

Tickell

1999

Progress in Human Geography

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It is now well over a decade since the 'wake-up calls' to take services seriously, and to problematize how services were understood, emerged in economic geography (Marshall et al. 1988). These pointed to the enormous contribution of services to employment, output and trade in all countries and bemoaned the way in which industrial geographers (as researchers still tended to be called) overwhelmingly concentrated their efforts on manufacturing and, in the process, mis-specified the nature of economic change. In the intervening period, such calls have been embraced more fulsomely than expected and the unity of approach suggested by the very term 'services', or in the distinctions between producer and consumer services, has broken down as detailed understandings of particular industries have become a commonplace. Indeed, Andrew Leyshon, my predecessor in this slot, was able to write three comprehensive commentaries on the geography of finance (1995; 1997; 1998). I return in this and subsequent reports to a slightly more extensive approach, tackling services in the round rather than concentrating on a particular arena of research in order to examine the wide-ranging nature of work in the field. In this first report, I review the burgeoning literature on services which, superficially at least, accords to the agenda set in Marshall et al.'s calls a decade ago: to explore the spatial growth and economic impact of the 'advanced' services (with the recognition that definitional issues remain pertinent, see

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The transformation of the British building society movement: Managerial divisions and corporate reorganization, 1986–1997

Cited by 16 publications

References 17 publications

The Differential Returns Offered by Mutually Owned and Proprietary UK Depository Institutions: 1993–2000

The Differential Returns Offered by Mutually Owned and Proprietary UK Depository Institutions: 1993–2000

Organizational Identity and Legitimacy under Major Environmental Changes: Tales of Two UK Building Societies

The geographies of services: new wine in old bottles

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