Institutional Investors: New Financial Landscape

Author: Li Ji
Publisher:
Publication Date: 2002-06-01
Features: This book aims to analyze the development of the new financial landscape in OECD countries, investment behavior, risk management, and the supply and demand factors that drive it. From the perspective of industrial organization, it portrays the structure, behavior, and performance of institutional investors in asset management. It also delves into the dynamic effects from the viewpoint of financial functions, such as the interaction between institutional investors and capital markets, their role in corporate governance, banks' responses to challenges, and the "herding effect" of institutional investors, among others. Additionally, it introduces and analyzes the regulation of institutional investors. The book is divided into five chapters, structured as follows:
Chapter 1 introduces and analyzes the emergence and development of institutional investors, offering a comprehensive overview of the development of institutional investors in major OECD countries, which highlights their role and significance in financial development. From the perspective of financial functions, it explores the characteristics and capabilities of institutional investors. The chapter also provides an in-depth analysis of the supply and demand factors contributing to their emergence and development.
Chapter 2 analyzes the risks faced by institutional investors and their trade-offs, followed by an introduction and examination of the selection of different types of investment instruments.
Chapter 4 analyzes the impact of the development of institutional investors and their role in the financial system, with a focus on their interaction with capital markets, the challenges to banks and banks' responses, as well as the role of institutional investors in corporate governance, the "herding effect" of institutional investors, and other related topics.
Chapter 5 analyzes, from the perspective of public economics, the rationale for regulating institutional investors, and introduces the specific regulatory situations of pension funds, life insurance investments, and mutual funds. This chapter demonstrates that effective regulation can standardize the operations of institutional investors.