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| Author: | Nightingale, P. Poll, R. |
| Title: | Innovation in investment banking: the dynamics of control system within the Chandlerian firm |
| Journal: | Industrial and Corporate Change
2000 : MAR, VOL. 9:11, p. 113-141 |
| Index terms: | Financial innovation Information industry Investment banks |
| Language: | eng |
| Abstract: | This paper extends the technological aspects of Chandler's "Scale and Scope" framework from 19th-century manufacturing firms that processed physical materials, to a modern service firm that processes information. The intangible nature of information- intensive service provision means that scale and scope economies in investment banking are constrained more regulations on risk-exposure than developments in production technologies. |
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