IDEAS home Printed from https://ideas.repec.org/a/taf/acbsfi/v13y2003i2p233-262.html
   My bibliography  Save this article

Snakes and career ladders in the investment banking industry: the making of Barclays De Zoete Wedd (BZW) - an international perspective, 1982-96

Author

Listed:
  • Carol Royal

Abstract

This paper emphasises the importance of business history for analysing labour market structures and practices in financial markets in the United Kingdom and more particularly at Barclays De Zoete Wedd (BZW), the international investment banking arm of the British bank Barclays plc. By adopting an historical perspective, this study departs from existing literature and presents new explanations concerning the importance of the relationship between business history and the origins and functions of internal labour markets. The theoretical framework elaborated involves a model and a timeline in its analysis, which highlights significant emerging patterns in internal labour markets that become evident over time. The study reveals evidence that, contrary to the arguments raised by scholars which suggest a decline in internal labour market practices in favour of a return to a more market-based system, internal labour market arrangements continue to apply to an organisation such as BZW at all stages in its organisational development.

Suggested Citation

  • Carol Royal, 2003. "Snakes and career ladders in the investment banking industry: the making of Barclays De Zoete Wedd (BZW) - an international perspective, 1982-96," Accounting History Review, Taylor & Francis Journals, vol. 13(2), pages 233-262.
  • Handle: RePEc:taf:acbsfi:v:13:y:2003:i:2:p:233-262
    DOI: 10.1080/0958520032000085003
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/0958520032000085003
    Download Restriction: Access to full text is restricted to subscribers.

    File URL: https://libkey.io/10.1080/0958520032000085003?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Andrew Thomson, 2001. "The case for management history," Accounting History Review, Taylor & Francis Journals, vol. 11(2), pages 99-115.
    2. Grimshaw, Damian & Rubery, Jill, 1998. "Integrating the Internal and External Labour Markets," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 22(2), pages 199-220, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Héloïse Petit, 2004. "Cambridge contre Cambridge : Deux approches segmentationnistes face au tournant des années 1980," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00801427, HAL.
    2. Xosé H. Vázquez, 2004. "Allocating Decision Rights on the Shop Floor: A Perspective from Transaction Cost Economics and Organization Theory," Organization Science, INFORMS, vol. 15(4), pages 463-480, August.
    3. Malcolm Anderson, 2002. "Accounting History publications 2001," Accounting History Review, Taylor & Francis Journals, vol. 12(3), pages 505-512.
    4. Jørgen Svalund & Kristin Alsos, 2023. "Enforcing rules regulating the use of temporary positions in Norway: A matter of exit, voice or silence?," Economic and Industrial Democracy, Department of Economic History, Uppsala University, Sweden, vol. 44(4), pages 1222-1238, November.
    5. Patel, Charmi & Budhwar, Pawan & Varma, Arup, 2012. "Overall justice, work group identification and work outcomes: Test of moderated mediation process," Journal of World Business, Elsevier, vol. 47(2), pages 213-222.
    6. Damian Grimshaw, 2000. "Public Sector Employment, Wage Inequality and the Gender Pay Ratio in the UK," International Review of Applied Economics, Taylor & Francis Journals, vol. 14(4), pages 427-448.
    7. Diane Confurius & Herman van de Werfhorst & Jaco Dagevos & Ruben Gowricharn, 2023. "Flexible labour market and trade unions: Surprising career paths of Dutch sub‐Saharan Africans," British Journal of Industrial Relations, London School of Economics, vol. 61(2), pages 336-365, June.
    8. Kuruvilla, Sarosh & Noronha, Ernesto, 2016. "From pyramids to diamonds: legal process offshoring, employment systems, and labor markets for lawyers in the United States and India," LSE Research Online Documents on Economics 65136, London School of Economics and Political Science, LSE Library.
    9. Robert MacKenzie & Christopher J McLachlan, 2023. "Restructuring, Redeployment and Job Churning within Internal Labour Markets," Work, Employment & Society, British Sociological Association, vol. 37(6), pages 1480-1496, December.
    10. Emilie Lanciano & Michio Nitta, 2010. "How do Japanese and French firms in steel industry address the institutional change and the globalization? Employment adjustment and age management in a downsizing context," Post-Print halshs-00521458, HAL.
    11. Lorenzo Frangi & Tingting Zhang & Rupa Banerjee, 2021. "Constructing Inequalities: Tenure Trajectories of Immigrant Workers and Union Strategies in the Milan Construction Sector," British Journal of Industrial Relations, London School of Economics, vol. 59(2), pages 474-502, June.
    12. Zan, Luca & Deng, Kent, 2017. "Micro foundations in the Great Divergence debate: opening up a new perspective," Economic History Working Papers 68944, London School of Economics and Political Science, Department of Economic History.
    13. Valeria Pulignano & Guglielmo Meardi & Nadja Doerflinger, 2015. "Trade unions and labour market dualisation: a comparison of policies and attitudes towards agency and migrant workers in Germany and Belgium," Work, Employment & Society, British Sociological Association, vol. 29(5), pages 808-825, October.
    14. Robert MacKenzie & Chris Forde, 2009. "The rhetoric of the `good worker' versus the realities of employers' use and the experiences of migrant workers," Work, Employment & Society, British Sociological Association, vol. 23(1), pages 142-159, March.
    15. Gian Primo Cella, 2012. "The representation of non-standard workers. Theory and culture of collective bargaining1," Transfer: European Review of Labour and Research, , vol. 18(2), pages 171-184, May.
    16. Damian Grimshaw & Kevin G. Ward & Jill Rubery & Huw Beynon, 2001. "Organisations and the Transformation of the Internal Labour Market," Work, Employment & Society, British Sociological Association, vol. 15(1), pages 25-54, March.
    17. Peter Butler & Anita Hammer, 2020. "Pay progression in routinised service sector work: navigating the internal labour market in a fast food multinational company," Industrial Relations Journal, Wiley Blackwell, vol. 51(4), pages 351-371, July.
    18. Steve Fleetwood, 2007. "Austrian economics and the analysis of labor markets," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 20(4), pages 247-267, December.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:acbsfi:v:13:y:2003:i:2:p:233-262. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RABF21 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.