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The city and the cities: finance, ownership and the geography of recession

Hutton, Will and Lee, Neil (2012) The city and the cities: finance, ownership and the geography of recession. Cambridge Journal of Regions, Economy and Society, 5 (3). pp. 325-337. ISSN 1752-1378

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Abstract

In the wake of a financial crisis and recession, the UK faces a challenging recovery. This represents an important time to revisit the UK’s systems of finance and ownership. This article argues that failures in the national structure of ownership have had significant consequences in local economies where important companies were based. It argues that current efforts to reform the financial system need to focus on supporting innovative high growth firms, ensuring a diversity of new forms of ownership can develop and that finance is available for all firms, regardless of geography. At present, these factors underpin the potentially uneven geography of recovery.

Item Type: Article
Additional Information: © 2012 The Author
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
Journal of Economic Literature Classification System: G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure
L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L31 - Nonprofit Institutions; NGOs
L - Industrial Organization > L3 - Nonprofit Organizations and Public Enterprise > L33 - Comparison of Public and Private Enterprises; Privatization; Contracting Out
R - Urban, Rural, and Regional Economics > R1 - General Regional Economics
Sets: Departments > Geography and Environment
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 10 Sep 2013 15:45
URL: http://eprints.lse.ac.uk/52364/

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