The post crisis Transition: Towards new investment circuits ?
AbstractThe recent Global financial crisis has marked an unprecedented separation between finance and real economy. This paper deals with the question of today’s transition within finance geography. It focuses on the transition process of the Swiss financial system after 2008 from institutional and territorial perspective. More specifically, this study investigates new investment circuits in Switzerland and attempts to understand to which extent they are connected to entrepreneurial activities at local and regional levels. Our main findings highlight that the Swiss case shows two opposite movements: “from the top”, i.e. Swiss pension fund sector and “from below”, i.e. regional private entrepreneurial investors. We will finally demonstrate that, because of the specific institutional framework, the current transition process in Switzerland is more likely to be driven by small regional actors, rather than by large institutional investors.
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Bibliographic InfoPaper provided by GRET Group of Research in Territorial Economy, University of Neuchâtel in its series GRET Publications and Working Papers with number 09-13.
Length: 26 pages
Date of creation: Sep 2013
Date of revision:
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Transition Investment circuits; Pension funds; Private investors; Intermediary platforms;
Find related papers by JEL classification:
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
- N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
- N94 - Economic History - - Regional and Urban History - - - Europe: 1913-
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-11-29 (All new papers)
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