Institutional Investors and Securities Markets
Title | Institutional Investors and Securities Markets PDF eBook |
Author | Dimitri Vittas |
Publisher | World Bank Publications |
Pages | 25 |
Release | 1998 |
Genre | Fondos de pensiones |
ISBN |
December 1998 The answer varies by type of investor. Pension funds and insurance companies should be promoted for their own sake, but mutual funds are unlikely to thrive without well-regulated securities markets. Anglo-American experience suggests that institutional investors can provide a strong stimulus to market development. This takes time and requires both critical mass and conducive regulations. Institutional investors comprise pension funds, insurance companies, and mutual funds. Should a country promote their creation if it lacks well-developed securities markets? The answer to this question, says Vittas, varies by type of investor. He argues that private pension funds and insurance companies are promoted for their own sake and for their potential economic, fiscal, and financial benefits, whether or not a country already has well-developed securities markets. Mutual funds, by contrast, are unlikely to thrive without strong and well-regulated securities markets. A limited supply of financial instruments should not be a major obstacle to the creation of pension funds and insurance companies. Such institutions build up their financial resources gradually but steadily, giving reforming governments ample time to develop securities markets. More important than the prior development of securities markets is a strong and lasting political commitment to holistic reform: macroeconomic, fiscal, banking, and capital market reform, as well as pension and insurance reform. Institutional investors need to attain critical mass and to be supported by conducive regulations. Vittas reviews Anglo-American experience since the 1940s. This shows that institutional investors can serve as a countervailing force to commercial and investment banks, helping to stimulate financial innovation, modernize capital markets, enhance transparency and disclosure, strengthen corporate governance, and improve financial regulation. This paper-a product of Finance, Development Research Group-was presented at the Annual Bank Conference on Development Economics, Latin America and the Caribbean, June 18-30, 1998, in San Salvador. The author may be contacted at [email protected].
Institutional Investors In Global Capital Markets
Title | Institutional Investors In Global Capital Markets PDF eBook |
Author | Narjess Boubakri |
Publisher | Emerald Group Publishing |
Pages | 402 |
Release | 2011-09-27 |
Genre | Business & Economics |
ISBN | 1780522436 |
Examines various issues concerning the strategies of institutional investors, the role of institutional investors in corporate governance, their impact on local and international capital markets, as well as the emergence of sovereign and other asset management funds and their interactions with micro and macro economic and market environments.
Institutional Investors
Title | Institutional Investors PDF eBook |
Author | E. Philip Davis |
Publisher | MIT Press |
Pages | 568 |
Release | 2004-01-30 |
Genre | Business & Economics |
ISBN | 9780262262408 |
One of the most important recent developments in financial markets is the institutionalization of saving associated with the growth of pension funds, life insurance companies, and mutual funds. An increasing proportion of household saving is now managed by professional portfolio managers instead of being directly invested in the securities markets or held in the form of bank deposits. With the aging of the population and its adverse impact on public pension systems, the shift of individual savings to institutional investors is likely to become even more marked in the coming years. This book provides a comprehensive economic assessment of institutional investment. It charts the development and performance of the asset management industry and analyzes the implications of rising institutionalized saving for the development of the securities trading industry, the financial sector as a whole, and the wider economy. The book draws extensively on international experience, particularly in the United States, Western Europe, and Japan.
The Role of Institutional Investors in the Stock Market
Title | The Role of Institutional Investors in the Stock Market PDF eBook |
Author | United States. Congress. Senate. Committee on Finance |
Publisher | |
Pages | 120 |
Release | 1973 |
Genre | Institutional investments |
ISBN |
Institutional Investors in the New Financial Landscape
Title | Institutional Investors in the New Financial Landscape PDF eBook |
Author | OECD |
Publisher | OECD Publishing |
Pages | 491 |
Release | 1998-10-07 |
Genre | |
ISBN | 9789264163065 |
This publication gives a comprehensive overview of the major driving forces behind recent trends, future prospects, financial market implications as well as regulatory and supervisory challenges related to the rise in institutional assets.
Development of Capital Markets and Institutional Investors in Russia
Title | Development of Capital Markets and Institutional Investors in Russia PDF eBook |
Author | |
Publisher | World Bank Publications |
Pages | 156 |
Release | 2006-01-01 |
Genre | Business & Economics |
ISBN | 0821367951 |
Annotation. This study reviews the recent developments in capital markets and institutional investors in Russia, and examines the policy challenges ahead for the development of the sector. The analysis covers key impediments for further development and policy challenges for securities markets, in particular legal and regulatory framework, market infrastructure, government bonds, sub-sovereign bonds, corporate bonds, and equities. The analysis also covers key impediments for furhter development and policy challenges for mutual funds, pension funds, and insurance companies.
Institutional Investors in Global Markets
Title | Institutional Investors in Global Markets PDF eBook |
Author | Gordon L. Clark |
Publisher | Oxford University Press |
Pages | 275 |
Release | 2017 |
Genre | Biography & Autobiography |
ISBN | 0198793219 |
This book is about what institutional investors do, how they do it, and when and where they do it; it is about the production of investment returns in the global economy. Being a book about the production process, it also tackles some of the key issues found in the academic literature on the theory of the firm.