Money, power and elites: an exploration of the structure and practices of the Edinburgh fund management field
Millar, John Geoffrey Land
The context for this thesis is the fund management field based in the city of Edinburgh. Drawing on a variety of sources including interviews with practitioners, firms’ self-presentation documents and historical accounts, the three papers contained within the thesis explore how individuals are recruited and socialized into the field, how firms and other parties collaborate in the construction of a collective identity, and how the rhetorical claims of both firms and their senior executives reflect and address the emerging tension between financial returns and broader societal responsibility; these are topics of interest to scholars of professional service firms, business elites, sustainable investing and organizational history. Both empirically and theoretically the thesis contributes to the discussion of the practices within the fund management sector and its social positioning; these are areas which hitherto have attracted relatively little academic attention.