Organizing Investment Banking

Jesper Blomberg, Hans Kjellberg and Karin Winroth
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Jesper Blomberg: Stockholm School of Economics
Hans Kjellberg: Stockholm School of Economics
Karin Winroth: Södertörn University

Chapter 9 in Marketing Shares, Sharing Markets, 2012, pp 181-201 from Palgrave Macmillan

Abstract: Abstract How is investment banking organized? In this chapter, we directly address the first of our two major research questions. As shown in previous chapters, specialized expert groups contribute to jointly perform investment banking. As suggested in Chapter 1, the outcome of this joint performance — investment banking — needs to be both innovative and coordinated. Our account of investment banking, as well as previous studies, thus leads us to address a series of traditional issues in organizational analysis. Is it possible for investment banking to be spontaneous, innovative, coordinated, as well as controlled? If so, how? What constitutes the ‘self-designing’ process that Eccles and Crane (1988) claim to be characteristic of investment banking? What constitutes the activities of bricolage that Engelen et al. (2010) argue is necessary for ‘improvised financial innovation’? How is investment banking organized to enable the ‘creative adoptions’ described by Beunza and Stark (2005)? And how is this type of organizing coupled with the explicit attempts by management to coordinate and control?

Keywords: Market Share; Expert Group; Boundary Object; Investment Banking; Risk Control (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36162-1_9

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DOI: 10.1057/9780230361621_9

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