Search results

The authors explore the opportunities for existing Indian IT clusters to upgrade and undertake financial research activities. Wholesale financial activity and the accompanying financial research in banks are still highly concentrated in Western financial centers. Increasing competition in the financial services industry, as well as regulatory pressure, place the options of outsourcing and offshoring activities, especially research, to low-cost locations high on the agenda of financial institutions. For the first time, complex tasks at the core of financial activity are being offshored, which makes this an interesting case for a lot of other industries and their spatial economic organization in an ever-globalizing world. Will there be a World Financial Research Centre in Mumbai? With the aid of qualitative interview data as well as a quantitative analysis, the authors argue that research activities are locally embedded in Western financial centers to an extent that such a development is not likely. Two different research activities, country analysis and institutional equity analysis, are examined. The analysis suggests, however, that there is a certain potential for some research activities to be relocated to India. So far, investments take place in a very few existing IT clusters which have already gained a reputation in the financial community.

AbstractGlobal careers and highly skilled expatriates employing their talent in diverse contexts of the world tend to be conceptualized as "male", and recognized diplomas represent employability. Despite the increasing feminization of migration, highly skilled female migrants and their contributions to economies through careers or entrepreneurship remain overlooked. Many obstacles impede the full employment of their talents. We review extant literature and argue that female migrant talent merits more detailed conceptual attention. By analysing interview data from 2010 to 2019 in two advanced European countries, we found that female migrants suffer from brain waste in multiple ways, partly due to external institutional aspects and discrimination and partly due to inherent internalized practices and sociocultural norms. We call for greater intersectionality and interdisciplinarity in examining equality to advance female economic participation. Private and public sectors may improve female talent perception, integration and employment by developing specific responses to the problems identified.

In recent years, scholarly interest in financing for innovation has grown, particularly for mitigating cli-mate change. However, extant literature has neglected the interaction of actors along the equity financing value chain, and the indirect effects of innovation and financial policy on the supply and de-mand of private equity (PE) and venture capital (VC). In this article, we emphasize the importance of these understudied aspects through a comparative case study of equity finance for cleantech in the United States and Germany. We find that systemic interdependencies between institutional investors, VC/PE and policy makers influence the conditions for innovation—the " finance-innovation-policy nexus. " Adverse effects of policies affecting financial markets, in particular institutional investors, have to be taken into account to effectively mobilize private investments for (cleantech) innovation.