Institutional Investors, StockMarkets and Firms' Information Disclosure
Abstract
This paper argues that a mutual relationship exists between the development of institutional investors, and more specifically the development of pension funds, and the development of stock markets. It is shown that the development of pension funds promotes the development of stock markets directly through bargaining or indirectly through improving funds allocation efficiency.Download Info
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Bibliographic Info
Paper provided by University of Warwick, Department of Economics in its series The Warwick Economics Research Paper Series (TWERPS) with number 503.Length: 19 pages
Date of creation: 1998
Date of revision:
Handle: RePEc:wrk:warwec:503
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Web page: http://www2.warwick.ac.uk/fac/soc/economics/
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Related research
Keywords: PENSION FUNDS ; STOCK MARKET ; INFORMATION;Find related papers by JEL classification:
- G1 - Financial Economics - - General Financial Markets
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
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Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Impavido, Gregorio & Musalem, Alberto R., 2000. "Contractual savings, stock, and asset markets," Policy Research Working Paper Series 2490, The World Bank.
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