Infrastructure as a traded product: A relational approach to finance in practice

Eric R. W. Knight*, Rajiv Sharma

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

20 Citations (Scopus)


As nations continue to grapple with growing infrastructure demand, financial markets will play an increasingly prominent role in the landscape for urban infrastructure. Yet existing literature tends to depict the 'financialization' of urban infrastructure assets as a restless move towards market efficiency aided by the growing transparency of financial information. This article offers a different view, showing how the spatial richness of financial data for infrastructure has progressed towards what we term a more permanent state of 'informational translucency'. We draw on 53 interviews with participants in the market for infrastructure investment to present this more complicated picture of infrastructure finance, thereby elaborating a more granular understanding of how information flows through and shapes financial market geography. From this we propose a relational model that contributes to theoretical understandings of how financial products are intermediated over time and space.

Original languageEnglish
Pages (from-to)897-916
Number of pages20
JournalJournal of Economic Geography
Issue number4
Publication statusPublished - Jul 2016
Externally publishedYes


  • Economic geography
  • Financialization
  • Relational geography
  • Urban infrastructure


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