The Financial Geography of Resilience: A Case Study of Goldman Sachs

For all of its iconic character and controversial influence, Goldman Sachs has received rather shallow scrutiny in social sciences. This article combines an in-depth case study with a theoretical contribution at the nexus financial geography evolutionary economic geography. We contend that spatial arbitrage regulatory capture are fundamental to organizational resilience firms. Using empirical evidence, we further argue centers’ adaptive is product their strategic positioning firms’ value chains. formalize this framework describing set paper, cyber, relational, technical dimensions emphasizing response adaptation shocks. deploy our evolution between 1999 2017, focusing on how it contributed adapted crisis 2008–2009. original quantitative data interviews, shed light how, as crisis, firm unbundled New York metro operations toward Salt Lake City latter evolved from brass-plate center bank’s second largest U.S. office.