investigate the consequences for mutual funds' operational outcomes when fund families focus their efforts on their core competency, i.e. portfolio management, by outsourcing noncore activities to external providers. Specifically, I find that funds of families that outsource shareholder services...

I investigate the consequences for mutual funds' operational outcomes when fund families focus their efforts on their core competency, i.e. portfolio management, by outsourcing noncore activities to external providers. Specifically, I find that funds of families that outsource shareholder...

Western multinational corporations (MNCs) increasingly locate advanced functions, including product development and engineering, in emerging economies to gain access to lower-cost science and engineering (S&E) talent and specialized service providers. Over time, new S&E clusters have developed...

This paper explores local and global dynamics underlying the development of knowledge services clusters, which we define as new geographic concentrations of technical talent and service providers offering upstream technical and knowledge-intensive business services to regional and global...

This article analyzes the practice of opportunistic poaching of consultants by clients with particular reference to the business consulting industry. The strategic interaction of consulting groups, client firms and consultants gives rise to a market equilibrium in a mixed economy. Under very...

This paper investigates hidden costs of offshoring, i.e. unexpected and often hard to measure costs resulting from the relocation of business tasks and activities outside the home country. Particularly, the paper shows that hidden costs can be explained by the degree of offshoring complexity....

As financial markets have increasingly globalised, the regulatory framework is still nationally fragmented. One core regulatory element is the provision of assurance services by accounting firms. The Big 4 – the leading international providers of audit services – are not as international as...

The latest Forbes 2000 Rankings leave no doubt: Large corporations continue to exist (and they grow even larger), but fewer than ever originate in the U.S. Among the Top 10 listed firms four are Chinese. This article argues that firms from China and India will soon dominate the global...

This article uses the case of the financialization of large law firms to develop debates about the process of the ‘capitalisation of everything' whereby financial logics spread both geographically between countries and sectorally from one industry to another. Drawing on work that analyses how...