Institutional Investors, StockMarkets and Firms' Information Disclosure

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.

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Year of publication:	1998
Authors:	Impavido, G.
Institutions:	Department of Economics, University of Warwick
Subject:	PENSION FUNDS \| STOCK MARKET \| INFORMATION

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Series:	The Warwick Economics Research Paper Series (TWERPS).
Type of publication:	Book / Working Paper
Notes:	19 pages
Classification:	G1 - General Financial Markets ; G23 - Pension Funds; Other Private Financial Institutions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005748219