The Components of Talent: Company Size and Financial Centres in the European Investment Management Industry
结合组织生态学框架,研究欧洲投资管理行业中公司规模与人才市场在行业和地理上的关系,揭示伦敦作为金融中心对明星投资经理的吸引力。
As the centre for advanced financial services, and the complex array of services needed to invest beyond Europe’s borders, London dominates the European financial services industry. As in other global financial centres, there is a premium on talented investment managers, identified in the media as ‘star performers’. Investment companies rely upon such employees for risk-adjusted rates of return on the basis of asset-specific and/or style-specific investment strategies while protecting their clients against the risks occasioned by market uncertainty. Drawing upon frameworks from organizational ecology, this paper integrates the size of companies with the market for talent sectorially and geographically.