LEADER 03548nam 2200613 450 001 9910463769803321 005 20200520144314.0 010 $a3-95489-588-9 035 $a(CKB)2670000000534283 035 $a(EBL)1640275 035 $a(SSID)ssj0001216184 035 $a(PQKBManifestationID)11704107 035 $a(PQKBTitleCode)TC0001216184 035 $a(PQKBWorkID)11189344 035 $a(PQKB)11789826 035 $a(MiAaPQ)EBC1640275 035 $a(Au-PeEL)EBL1640275 035 $a(CaPaEBR)ebr10856564 035 $a(OCoLC)871779337 035 $a(EXLCZ)992670000000534283 100 $a20140416h20142014 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInstitutional asset management $ehow are professional investors affected by legislature and corporate governance? /$fAndreas Sossong 210 1$aHamburg, Germany :$cAnchor Academic Publishing,$d2014. 210 4$dİ2014 215 $a1 online resource (96 p.) 300 $aDescription based upon print version of record. 311 $a3-95489-088-7 320 $aIncludes bibliographical references. 327 $aInstitutional Asset Management; ABSTRACT; TABLE OF CONTENTS; LIST OF FIGURES; LIST OF TABLES; LIST OF ABBREVIATIONS; LIST OF SYMBOLS; 1. INTRODUCTION; 1.1 PROBLEM DEFINITION; 1.2 OBJECTIVE AND SCOPE OF THE PAPER; 1.3 METHODOLOGICAL APPROACH; 1.4 COMPOSITION OF THE PAPER; 1.5 DEFINITIONS; 2. PRINCIPLES OF INSTITUTIONAL ASSET MANAGEMENT; 2.1 SCIENTIFIC APPROACH; 2.2 INDUSTRY EXAMINATION AND CLASSIFICATION OF FUNDS; 2.3 RECENT INDUSTRY DEVELOPMENTS; 3. ASSET MANAGEMENT IN THE INTERNATIONAL PERSPECTIVE; 3.1 LEGAL ENVIRONMENT IN GERMANY AND THE USA 327 $a3.2 CORPORATE GOVERNANCE IN THE INSURANCE AND PENSION FUND INDUSTRY3.3 PRACTITIONER'S PERSPECTIVE ON THE IMPACT OF REGULATION AND GOVERNANCE; 4. EMPIRICAL EXAMINATION OF INTERNATIONAL DIFFERENCES; 4.1 DESCRIPTION OF DATA BASIS AND MATHEMATICAL APPROACH; 4.2 RESULTS OF STATISTICAL ANALYSIS; 4.3 ANALYSIS OF RESULTS; 4.4 CONCLUSIONS OF EMPIRICAL EXAMINATION; 5. IMPLICATIONS OF FINDINGS; 5.1 IMPLICATIONS FOR REGULATORS; 5.2 IMPLICATIONS FOR INSTITUTIONAL INVESTORS; 6. CONCLUSION; 6.1 SUMMARY; 6.2 OUTLOOK; Appendix; List of References 330 $aThis study examines the current legislature and best practice corporate governance for institutional investors in Germany and the United States. Differences in investment regulation, compliance and disclosure requirements, as well as expense and tax schemes are identified for insurance companies and the pension fund industry. Based on current academic literature, hypotheses about the impact of different regulatory regimes are derived and tested empirically in a comparison between Germany and the United States over the last five years. Differences in asset allocation between the two countries a 606 $aCorporate governance$zUnited States 606 $aCorporate governance$zGermany 606 $aInstitutional investments$zUnited States 606 $aInstitutional investments$zGermany 608 $aElectronic books. 615 0$aCorporate governance 615 0$aCorporate governance 615 0$aInstitutional investments 615 0$aInstitutional investments 676 $a658.4 700 $aSossong$b Andreas$0994382 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910463769803321 996 $aInstitutional asset management$92277204 997 $aUNINA