کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7353345 1477094 2018 10 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Producing investment returns at the margin of finance: A frontier talent proposition
ترجمه فارسی عنوان
تولید بازده سرمایه گذاری در حاشیه مالی: گزاره استعدادهای مرزی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
Institutional investment management requires expertise. In the “war-for-talent”, co-located private sector financial institutions drive wages up, thereby side-lining resource-constrained public pension funds and forcing them to outsource their investment functions. This article develops a frontier talent proposition based on a case-study of an atypical and exemplary U.S. public pension plan that produces competitive investment returns at-a-distance (geographically and economically) from financial agglomerations by internally managing 75 bn USD of retirement assets on a tight budget. Combining labour market statistics and close-dialogue with 37 investment professionals, the case-study documents original comparative advantages of the periphery relative to financial agglomerations in talent recruitment. It contributes new insights on geographical differences in real wages and the quality of life of finance workers. Looking ahead, the article suggests the relevance of frontier talent to a larger set of financial institutions facing increasing difficulties to staff their organisations in top-tier financial centres.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Geoforum - Volume 95, October 2018, Pages 102-111
نویسندگان
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