IDEAS home Printed from https://ideas.repec.org/a/sae/envira/v31y1999i10p1877-1892.html
   My bibliography  Save this article

The Role of Corporate, Professional, and Personal Networks in the Provision of Offshore Financial Services

Author

Listed:
  • S C Cobb

    (Department of Economics and Geography, University of North Florida, 4567 St Johns Bluff Road, South, Jacksonville, FL 32224, USA)

Abstract

In a small island offshore financial center (OFC), different kinds of networks influence the provision of financial services. In this paper I will analyze the roles played by corporate, professional, and personal networks in the creation of a superior reputation among competing OFCs. Empirical evidence has shown that the success of an OFC is driven by appropriate financial regulation and supervision addressing the critical precepts of reputation and trust . Such spatially focused regulation can be created by networks of professional associations such as banking or insurance associations interacting with public sector officials on a regular basis. Continued growth of an OFC occurs through marketing efforts of both corporate and personal networks. The dynamic nature of these networks and their social structure encompassing power and gender relations will be explored.

Suggested Citation

  • S C Cobb, 1999. "The Role of Corporate, Professional, and Personal Networks in the Provision of Offshore Financial Services," Environment and Planning A, , vol. 31(10), pages 1877-1892, October.
    • Handle: RePEc:sae:envira:v:31:y:1999:i:10:p:1877-1892
    DOI: 10.1068/a311877
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1068/a311877
    Download Restriction: no
    File URL: https://libkey.io/10.1068/a311877?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Henry Wai-chung Yeung, 1997. "Business Networks and Transnational Corporations: A Study of Hong Kong Firms in the ASEAN Region," Economic Geography, Taylor & Francis Journals, vol. 73(1), pages 1-25, January.
    2. Hampton, Mark P., 1994. "Treasure islands or fool's gold: Can and should small island economies copy Jersey?," World Development, Elsevier, vol. 22(2), pages 237-250, February.
    3. J Murdoch, 1995. "Actor-Networks and the Evolution of Economic Forms: Combining Description and Explanation in Theories of Regulation, Flexible Specialization, and Networks," Environment and Planning A, , vol. 27(5), pages 731-757, May.
    4. Jonathan V. Beaverstock & Joanne Smith, 1996. "Lending Jobs to Global Cities: Skilled International Labour Migration, Investment Banking and the City of London," Urban Studies, Urban Studies Journal Limited, vol. 33(8), pages 1377-1394, October.
    5. Mark Hampton, 1996. "The Offshore Interface," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-25131-5.
    6. J V Beaverstock, 1991. "Skilled International Migration: An Analysis of the Geography of International Secondments within Large Accountancy Firms," Environment and Planning A, , vol. 23(8), pages 1133-1146, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Mina Baliamoune-Lutz & Sharon C. Cobb, 2016. "Evolutionary Economic Geography for OFCs: Do Political Ties to the Onshore Reduce Capital Inflow Volatility?," Growth and Change, Wiley Blackwell, vol. 47(4), pages 535-555, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hampton, Mark P. & Christensen, John, 2002. "Offshore Pariahs? Small Island Economies, Tax Havens, and the Re-configuration of Global Finance," World Development, Elsevier, vol. 30(9), pages 1657-1673, September.
    2. Mina Baliamoune-Lutz & Sharon C. Cobb, 2016. "Evolutionary Economic Geography for OFCs: Do Political Ties to the Onshore Reduce Capital Inflow Volatility?," Growth and Change, Wiley Blackwell, vol. 47(4), pages 535-555, December.
    3. Otusanya, Olatunde Julius, 2011. "The role of multinational companies in tax evasion and tax avoidance: The case of Nigeria," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 22(3), pages 316-332.
    4. Sharon C. Cobb, 2009. "Redefining “Offshore” in Latin America," Growth and Change, Wiley Blackwell, vol. 40(2), pages 332-356, June.
    5. Gareth Douglas Powells, 2009. "Complexity, Entanglement, and Overflow in the New Carbon Economy: The Case of the UK's Energy Efficiency Commitment," Environment and Planning A, , vol. 41(10), pages 2342-2356, October.
    6. Seamus Grimes, 2006. "Ireland's Emergence as a Centre for Internationally Traded Services," Regional Studies, Taylor & Francis Journals, vol. 40(9), pages 1041-1054.
    7. Lucy Jarosz, 2000. "Understanding agri-food networks as social relations," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 17(3), pages 279-283, September.
    8. Harald Bathelt & Sebastian Henn, 2014. "The Geographies of Knowledge Transfers over Distance: Toward a Typology," Environment and Planning A, , vol. 46(6), pages 1403-1424, June.
    9. Chakravarty, Dwarka & Goerzen, Anthony & Musteen, Martina & Ahsan, Mujtaba, 2021. "Global cities: A multi-disciplinary review and research agenda," Journal of World Business, Elsevier, vol. 56(3).
    10. Chun Yang & Haifeng Liao, 2010. "Backward Linkages Of Cross‐Border Production Networks Of Taiwanese Pc Investment In The Pearl River Delta, China," Tijdschrift voor Economische en Sociale Geografie, Royal Dutch Geographical Society KNAG, vol. 101(2), pages 199-217, April.
    11. Sjoerd Beugelsdijk, 2010. "Entrepreneurial Culture, Regional Innovativeness and Economic Growth," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 129-154, Springer.
    12. Bill Pritchard, 2000. "The Transnational Corporate Networks of Breakfast Cereals in Asia," Environment and Planning A, , vol. 32(5), pages 789-804, May.
    13. Jon Swords, 2013. "Michael Porter’s cluster theory as a local and regional development tool: The rise and fall of cluster policy in the UK," Local Economy, London South Bank University, vol. 28(4), pages 369-383, June.
    14. Dariusz Wójcik & Eric Knight & Vladimír Pažitka, 2018. "What turns cities into international financial centres? Analysis of cross-border investment banking 2000–2014," Journal of Economic Geography, Oxford University Press, vol. 18(1), pages 1-33.
    15. Charlie Karlsson, 2011. "Clusters, Networks and Creativity," Chapters, in: David Emanuel Andersson & Åke E. Andersson & Charlotta Mellander (ed.), Handbook of Creative Cities, chapter 5, Edward Elgar Publishing.
    16. Laia Soto Bermant, 2015. "The Myth of Resistance: Rethinking the "Informal" Economy in a Mediterranean Border Enclave," Journal of Borderlands Studies, Taylor & Francis Journals, vol. 30(2), pages 263-278, May.
    17. Xiaobo Su, 2014. "Multi-Scalar Regionalization, Network Connections and the Development of Yunnan Province, China," Regional Studies, Taylor & Francis Journals, vol. 48(1), pages 91-104, January.
    18. D J Hayward & R B Le Heron & M Perry & I Cooper, 1998. "Networking, Technology, and Governance: Lessons from New Zealand Horticulture," Environment and Planning A, , vol. 30(11), pages 2025-2040, November.
    19. Elektra Pitoska, 2005. "Networking And Cooperation Of Small And Medium Sized Firms In Cross - Border Regions," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    20. K.C. Ho, 2000. "Competing to be Regional Centres: A Multi-agency, Multi-locational Perspective," Urban Studies, Urban Studies Journal Limited, vol. 37(12), pages 2337-2356, November.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:envira:v:31:y:1999:i:10:p:1877-1892. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.