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Urbani izziv Volume 23, No. supplement, July 2012 : S74–S84

DOI: 10.5379/urbani-izziv-en-2012-23-supplement-1-007

 

   Article in PDF format

 

Author

Britta Klagge

Institute of Geography, University of Osnabrück, Germany
bklagge@uos.de

Carsten Peter

Institute of Geography, University of Osnabrück, Germany
cpeter@uos.de

 

Title

Knowledge Management in the Network Mode: The Case of Private Equity

 

Abstract

There has been an ongoing debate on the changing geographical organization of the financial sector and the decreasing importance of regional financial centres. Our contribution explores a fresh perspective on this issue by looking at knowledge and risk management in different parts of the financial sector with an empirical focus on private equity in Germany. The argument we put forward is that the ways in which providers of finance manage knowledge and risk shape their organizational and geographical structure. In our analytical framework we distinguish between three ideal-type modes of knowledge management: the relationship, the data and the network mode. These modes differ in the types of knowledge exchanged, the actors involved and in the role and nature of relevant contacts and relationships. The shift from relationship to data mode in credit provision in Germany serves an example of how a new mode of knowledge management is associated with changes in the geographical organization of financial actors and activities. To illustrate the network mode we then focus on knowledge management in private equity in Germany, which involves a variety of different actors and links both regional and interregional networks. Our empirical research shows that the resulting organizational and geographical struc¬tures are rather complex and have nodes in regional financial centres. While these centres benefit from private equity activities, their chances for re-vitalization and a re-regionalization of financial expertise on the basis of private equity are nonetheless limited. So far, Munich seems to be the (only) one location where private equity – cross-fertilized by other local financial actors – has initiated a self-supported development which strengthens Munich as a financial centre.

 

Key Words

knowledge management and transfer, networks, financial centres, private equity

 

 

 

PUBLISHER

Urbanistični inštitut RS
Urbani izziv - Editorial Board
Trnovski pristan 2, 1000 Ljubljana, SLO

  + 386 (0)1 420 13 10
  urbani.izziv@uirs.si

ISSN

Print edition: 0353-6483
Web edition: 1855-8399

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1.2
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