Along with Adam Leaver, Karel Williams, Ismail Erturk and Sukhdev Johal (Royal Holloway), I am currently working in Theme 1 Cultural Economy.

In the first phase of CRESC the theme 1 work has included the following areas which will be taken forward in CRESC 2:

• Developing research on financialisation. The impacts of financialisation on corporations has been explored through a book Strategy and Financialisation: Narrative and Numbers, published by Routledge in January 2006 and containing three in-depth cases Glaxo, Ford and GE. We also published Financialization at Work: Key readings and Commentary  in 2008 which brings together edited texts reflecting different approaches to financialisation, along with significant commentary.
• Work on elites. This stream of work includes private equity as an example of capital market intermediaries and on NEDs and their role in restructuring corporations. This interest has been take forward with a successful application to the ESRC for a seminar series Studyng Elites with Mick Moran (Manchester), Glenn Morgan (Warwick) and Yuval Millo (LSE) (http://www.cresc.ac.uk/events/StudyingElites.html ).
• Developing a concept of financial innovation. Along with Ewald Engelen (University of Manchester) we have been working on the financial innovation as bricolage within a conjunctural frame. See, for example, CRESC working paper no.57.