Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

Les investisseurs institutionnels (sociétés d'assurance, sociétés d'investissement et fonds de pension) sont les principaux collecteurs de l'épargne et émetteurs de fonds sur les marchés financiers. Leur rôle en tant qu'intermédiaires financiers et leur impact sur les stratégies d'investissement se sont accrus de façon significative.

Institutional investors. --- Institutional investments.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This collection of essays explores the origins and roles of Southeast Asian business groups, especially as they developed during the 1970s and 1980s. An important contribution to studies of ethnic Chinese entrepreneurship in Southeast Asia. Includes a comprehensive introduction by the editor.

Capital --- Capitalists and financiers --- Capital assets --- Fixed assets --- Economics --- Capitalism --- Infrastructure (Economics) --- Wealth --- Financiers --- Investors --- Businesspeople

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

[En] Individuals are unique and influenced by many factors. In order to be able to provide an individual investor with a suitable advice or a suitable financial instrument, the Market in Financial Instruments Directive (MiFID), adopted in 2004, requires investment companies to collect many pieces of information about those individual investors. However, a strengthened version of MiFID, MiFID II, will be implemented on the 3rd of January 2018. Indeed, the financial crisis of 2008 and the evolution of financial markets spotlighted the need to strengthen MiFID. As MiFID II will set higher standards of individual investors’ protection, this thesis aims at taking stock of the current pieces of information collected and of the profiling methods used by private bankers in Belgium in order to assign an investment profile to an individual investor right before the implementation of the new directive.
After having described the factors influencing the investment decision process of individuals, I described the three dimensions a suitable advice needs to cover (financial capacity, knowledge and experience and investment objectives) according to the requirements of MiFID and MiFID II and according to the guidelines of the Financial Services and Markets Authority (FSMA) and of the European Securities and Markets Authority (ESMA). Then I established an assessment grid based on those requirements and guidelines in order to assess the standardized questionnaires used by the eight banks constituting my sample. I used two different rating methods in order to assess those questionnaires. I also conducted eight interviews with private bankers of each of those banks in order to compare their profiling methods with the theoretical part of my thesis.
The results of my analysis showed that the current profiling methods and standardized questionnaires used by the banks constituting my sample do cover correctly the three dimensions. Indeed, the pieces of information that are not collected though the questionnaires are gathered though the conversation the private banker and their client have. However, a bigger sample would be needed in order to assess the situation on a national level. In addition to that, I noticed some weaknesses in the private bankers’ understanding and knowledge of behavioural biases which impact on the investment decision process of individual investors could be significant.

Profilage --- MiFID --- MiFID II --- Suitability --- Adéquation --- Questionnaires --- Investisseurs individuels --- Profiling --- Individual Investors --- Sciences économiques & de gestion > Finance

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

'Investment Behaviour' explores the relationship between competing demographic factors, personal awareness and perceived attitudes to risk in shaping the behaviour of individual investors in the stock market. Arup Kumar Sarkar and Tarak Nath Sahu analyse the suitability of using Behavioural Finance theories in understanding investor behaviour across developed, developing and under-developed country contexts and in all types of stock markets. Across an in-depth study, the authors examine differing variables impacting on behaviour, give an overview of the empirical and theoretical literature, and also provide an analysis of the empirical findings of their investigation. The book promotes a greater understanding the psychological foundations of human behaviour in financial markets to facilitate the formulation of more individual-centered financial policy.

Investments. --- Investing --- Investment management --- Portfolio --- Finance --- Disinvestment --- Loans --- Saving and investment --- Speculation --- Investments --- Individual investors --- Stock exchanges --- Capital investments --- Capital expenditures --- Capital improvements --- Capital spending --- Fixed asset expenditures --- Plant and equipment investments --- Plant investments --- Bulls and bears --- Commercial corners --- Corners, Commercial --- Equity markets --- Exchanges, Securities --- Exchanges, Stock --- Securities exchanges --- Stock-exchange --- Stock markets --- Capital market --- Efficient market theory --- Private investors --- Retail investors --- Retail shareholders --- Small investors --- Stockholders --- Mathematical models --- E-books --- Individual investors. --- Stock exchanges. --- Business & Economics, Investments & Securities, Portfolio Management. --- Investment & securities. --- Mathematical models.

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper uses issuance-level data to study how equity capital inflows that enter emerging market economies affect equity issuance and corporate investment. It shows that foreign inflows are strongly correlated with country-level issuance. The relation reflects the behavior of large issuers issuing in domestic equity markets and that of firms issuing in international markets. Those larger, more liquid, and highly valued firms are the ones more likely to raise equity when their country receives capital inflows. To identify supply-side shocks, capital inflows into each country are instrumented with exogenous changes in other countries' attractiveness to foreign investors. Shifts in the supply of foreign capital are important drivers of increased equity inflows. Instrumented inflows lead a subset of firms (large domestic issuers and foreign issuers) to raise new equity, which they use to fund investment. Corporate investment increases between one-tenth and four-tenths the amount of foreign equity capital entering the country.

Capital Flows --- Capital Markets and Capital Flows --- Consumption --- Corporate Financing --- Domestic Investors --- Emerging Markets --- Finance and Financial Sector Development --- Fiscal & Monetary Policy --- Foreign Investors --- International Economics & Trade --- Investment & Investment Climate --- Macroeconomic Management --- Macroeconomics and Economic Growth --- Mutual Funds --- Non Bank Financial Institutions --- Securities Markets Policy & Regulation --- Use Of Funds