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Investment behaviors of the key actors in capitalism: when geography matters

Author

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  • Claude DUPUY (GREThA)
  • Stéphanie LAVIGNE (LEREPS & Toulouse Business School)

Abstract

The article investigates the geography of finance via an analysis of the investment behavior of large international equity investors. The main argument is based on the importance of financial markets and capital flows and on the central role played in them by institutional investors, the key actors of capitalism. This paper is original because it introduces geographic criteria, and thus institutional and cultural factors, for understanding the behaviour of investors. We present evidence on the diversity of models of capitalism while questioning the convergence of national economies and markets towards a pattern often termed “the Anglo-Saxon model”.

Suggested Citation

  • Claude DUPUY (GREThA) & Stéphanie LAVIGNE (LEREPS & Toulouse Business School), 2008. "Investment behaviors of the key actors in capitalism: when geography matters," Cahiers du GREThA 2008-05, Groupe de Recherche en Economie Théorique et Appliquée.
  • Handle: RePEc:grt:wpegrt:2008-05
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    File URL: http://cahiersdugretha.u-bordeaux4.fr/2008/2008-05.pdf
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    Cited by:

    1. Claude DUPUY (GREThA UMR CNRS 5113) & Matthieu MONTALBAN (GREThA UMR CNRS 5113) & Sylvain MOURA (GREThA UMR CNRS 5113), 2009. "Finance and Industrial Dynamics (In French)," Cahiers du GREThA 2009-24, Groupe de Recherche en Economie Théorique et Appliquée.

    More about this item

    Keywords

    institutional investors; geography of finance; models of capitalism; financial markets;

    JEL classification:

    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • P10 - Economic Systems - - Capitalist Systems - - - General

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