This paper develops the concept of the subfield as a key feature of field-level change. In particular, it analyses how a subfield emerges, develops and consolidates itself over time. It does this through the concept of field partitioning whereby a formerly established field generates a distinct...

Studying sovereign wealth funds (SWFs) can tell us a lot about the financial services sector. Specifically, in this commentary I suggest that studying the reactions of financial service providers, such as asset managers but also the broader complex of professional services such as accounting and...