Dr Dariusz Wójcik
- University Lecturer
- Director of Undergraduate Studies
- Fellow of St Peter's College, Oxford
- Member of the Transformations: Economy, Society and Place research cluster
- Tel: +44 (0)1865 275985
- Email: dariusz.wojcik@ouce.ox.ac.uk
Academic Profile
Dariusz Wójcik is an economic geographer specializing in research on finance and globalisation. His research focuses on exploring the geographical drivers and implications of globalization processes, particularly with regard to the development of financial markets and economic governance. He published two books, and has written numerous papers in the leading journals in geography and related fields, including Journal of Economic Geography, Economic Geography, Regional Studies, Environment and Planning A, and Annals of the Association of American Geographers, as well as chapters in edited books. He has guest edited special issues of journals on 'European Financial Geographies' (in Growth and Change), and on 'Geographies of the Financial Crisis' (in Environment and Planing A), and recently joined the editorial board of Economic Geography. Dariusz has given numerous invited lectures for conferences and seminars in geography and finance, including Cambridge, Dublin, Strasbourg, Frankfurt, Amsterdam, Hong Kong, Seoul, Toronto and New York. His research was reported in The Financial Times, The Financial News, and by Bloomberg. Dariusz worked as a full-time consultant for KPMG and collaborated with the United States Agency for International Development (on financial management in the health care sector), the Warsaw Stock Exchange (on corporate governance), and Towers Watson (on sustainable investing), and the City of Busan (on transnational industrial clusters). Dariusz served on the International Advisory Board of the Third Global Conference on Economic Geography, Seoul, 2011, and is the principal organizer of the Fourth Global Conference on Economic Geography to be held in Oxford in 2015.
Dr Wójcik's recent book The Global Stock Market: Issuers, Investors and Intermediaries in an Uneven World (OUP 2011) offers a comprehensive picture of the global stock market by focusing on the relationships between issuers, investors, and intermediaries and how these relationships impact the performance of stock markets and the economy of cities, countries, and the world. The book uses rich data and global case studies to examine the rise of emerging markets, the impact of the global financial crisis, the revolution in the stock exchange business model, and the continued dominance of London and New York as financial centres. The Geography of Finance: Corporate Governance in a Global Marketplace (OUP 2007) co-authored with Gordon L. Clark tackles crucial issues regarding the emerging global market for corporate governance. It describes and explains the transformation of European corporate governance in the light of the imperatives driving global financial markets, using and innovative analytical and empirical framework.
Dariusz Wójcik has a Master's Degree in Geography from Jagiellonian University (1997), Cracow, a Master's Degree in Economics from the Cracow University of Economics (1996), and an MSc in Finance and Banking from Stockholm University (1996). He came to Oxford in 1998 as a scholar of the Open Society Institute and the Foreign and Commonwealth Office, and was awarded the University Studentship in association with Jesus College for a DPhil, completed in 2002 with a thesis entitled "Corporate Governance and Capital Market Integration in Europe: an Economic Geography Perspective". From 2003 to 2005 he was a Junior Research Fellow at Jesus College, Oxford and an outside Lecturer at the London School of Economics and Political Science. Between January 2006 and June 2007 he was a Lecturer at the Department of Geography, the University College London. He was appointed a Lecturer at the School of Geography and the Environment and a Fellow of St Peter's College, Oxford in July 2007.
Current Research
Dariusz Wójcik's current work focuses on the global financial landscape emerging in the wake of the global financial crisis 2007-9. It is based on the premise that the crisis constitutes a major juncture in the history of capitalism, and major changes are necessary in the governance structure of the global economy, as well as in the social scientific approaches to explaining economy. His research combines insights derived from geography, economics, political economy, and other social sciences and is based on both quantitative and qualitative research methods, including elite interviews. The topics related closely to the global financial crisis include a review of competing interpretations of the crisis 2007-9; the role of the New York - London axis in the crisis; the role of advanced business services and the offshore world in the transformation of the world economy since the collapse of the Bretton Woods system; and the impact of the financial crisis on financial centres around the world. The more theoretical strand involves the future agenda of economic geography, including the intersection of economic geography with post-Keynesian economics, political economy, and accounting. Other topics include the geography of economic thought, the role of location in the underpricing of Initial Public Offerings on the stock market, the role of financial centres in the international monetary system, and the future of sustainable finance.
Selected Research Projects (since 2001)
- Research Network on Geographies of Finance and Post-Socialist Transformations
Funded by the Regional Studies Association, (2011- ) - Geography of financial services and centres
(2007- ) - Global financial turmoil and the geography of stock markets: information and prices in Hong Kong and New York
Financial support from British Academy; (2009-2010) - Geography of capital markets
Financial support from Jesus College, Oxford; (2004-2006) - Geography of corporate governance
In collaboration with Professor Gordon L. Clark; Professor Rob Bauer (Maastricht University); Financial support from European Science Foundation (partly); (2002-2006)
Teaching
Undergraduate Teaching
Dariusz convenes the Human Geography course for Prelims, and teaches on the Space, Place and Society course for 2nd year students, as well as the Geographical Environment: Human course for 3rd year students. He also convenes a special subject Geographies of Finance.
Postgradate Teaching
Dariusz teaches on the Economy and Development core module for the MSc in Nature, Society and Environmental Policy.
Current graduate students include:
- Justin Dargin
A carbon market for the Gulf - the development of an optimal carbon trading platform to regulate carbon emissions in the Gulf cooperation council - Kiran Rajashekariah
Challenges of Change: exploring conservation based on neoliberal principles (A case study of lake conservation based on Public-Private Partnership in Bangalore) - Marcus Wachtmeister
Modal changes in environmental policy instruments of China's transport sector
D.Phil. students successfully completing since 2001:
- Nicholas Howarth (2012)
The economics and politics of energy and climate change - Nihan Akyelken (2011)
Capital and development in social and cultural contexts - Csaba Burger (2011)
Occupational pensions in Germany - an economic geography - Stephen Lew (2011)
Meaningful ESG impact measurement and integration - Atif Syed Ansar (2010)
'New departures' in infrastructure provision: an ongoing evolution away from physical assets to user needs
Selected Publications
Books
Wójcik, D. (2011) The Global Stock Market: Issuers, investors and intermediaries in an uneven world. Oxford University Press. 224 pp. ISBN: 978-0-19-959218-0.
Clark, G.L. and D. Wójcik (2007) The Geography of Finance: Corporate Governance in the Global Marketplace. Oxford University Press, Oxford.
Papers and Articles
- Wójcik, D. (2011) Securitization and its footprint: the rise of the US securities industry centres 1998-2007. Journal of Economic Geography.
- Wójcik, D. and Burger, C. (2010) Listing BRICs: Issuers from Brazil, Russia, India and China in New York, London and Luxembourg. Economic Geography, 86(3): 275-296.
- Lew, S., and Wójcik, D. (2010) Variegated cultures of philanthropy: National and corporate impacts on private foundation governance. Competition and Change, 14(3-4): 152-174.
- Wójcik, D. (2009) The role of proximity in secondary markets. Chapter 6 in, Clark, G.L., Dixon, A.D. and Monk, A.H.B. (eds.) (2009) Managing Financial Risks: From Global to Local. Oxford University Press. pp.140-162.
- Wójcik, D. (2009) Financial centre bias in primary equity markets. Cambridge Journal of Regions, Economy and Society, 2(2): 193-209.
- Wójcik, D. (2009) Geography of stock markets. Geography Compass, 3(4): 1499–-1514.
- Wójcik, D. (2007) The International Finance Index and its Derivatives. Working Papers in Work, Employment, and Finance, 12/07. School of Geography and the Environment. Available on www.ssrn.com.
- Wójcik, D., Beaverstock, J., and Sidaway, J. (2007) European financial geographies. Growth and Change, 38(2): 167-173.
- Wójcik, D. (2007) Geography and future of stock exchanges: between real and virtual space. Growth and Change, 38(2): 200-223.
- Clark, G.L., T. Hebb and Wójcik, D. (2007) Institutional investors and the language of finance: the global metrics of market performance. Chapter 2 in, J. Godfrey and K. Chalmers (eds.) Globalisation of Accounting Standards. Edward Elgar, Cheltenham. pp. 15-33.
- Clark, G.L., Wójcik, D., Bauer, R. (2006) Geographically dispersed ownership and inter-market stock price arbitrage: Ahold's crisis of corporate governance and its implications for global standards. Journal of Economic Geography, 6: 303-322.
- Wójcik, D. (2006) Convergence in corporate governance: evidence from Europe and the challenge for economic geography. Journal of Economic Geography, 6(5): 639-660.
- Clark, G.L. and Wójcik, D. (2005) Financial valuation of the German model: The negative relationship between ownership concentration and stock market returns. Economic Geography, 81: 11-30.
- Clark, G.L. and Wójcik, D. (2005) Path dependence and financial markets: the economic geography of the German model, 1997-2003. Environment and Planning, A, 37: 1769-1791.
- Hebb.,T. and Wójcik, D. (2005) Global standards and emerging markets: the institutional-investment value chain and the CalPERS investment strategy. Environment and Planning, A 37(11): 1955-1974.
- Clark, G.L. and Wójcik, D. (2003) An economic geography of global finance: ownership concentration and stock-price volatility in German firms and regions. Annals of the Association of American Geographers, 93: 909-924.
- Wójcik, D. (2003) Change in the German model of corporate governance: evidence from blockholdings 1997 - 2001. Environment and Planning A, 35(8): 1431-1458.
- Wójcik, D. (2002) Cross-border corporate ownership and capital market integration in Europe: evidence from portfolio and industrial holdings. Journal of Economic Geography, 2(4): 455-491.
- Wójcik, D. (2002) The Länder are the building blocks of the German capital market. Regional Studies, 36(8): 877-895.
- Clark, G.L. and Wójcik, D. (2001) The City of London in the Asian crisis. Journal of Economic Geography, 1: 107-130.




