LEADER 03977oam 22006854a 450 001 9910955841403321 005 20240416221149.0 010 $a9780585377790 010 $a9780262262408 010 $a0262262401 010 $a9780262271264 010 $a0262271265 010 $a9780585377797 010 $a0585377790 035 $a(CKB)111004366548788 035 $a(SSID)ssj0000180067 035 $a(PQKBManifestationID)11923033 035 $a(PQKBTitleCode)TC0000180067 035 $a(PQKBWorkID)10148955 035 $a(PQKB)11399999 035 $a(MiAaPQ)EBC3339791 035 $a(OCoLC)48138191$z(OCoLC)243589478$z(OCoLC)533311475$z(OCoLC)880437314$z(OCoLC)961690513$z(OCoLC)962577198$z(OCoLC)1087354682 035 $a(OCoLC-P)48138191 035 $a(MaCbMITP)3809 035 $a(Au-PeEL)EBL3339791 035 $a(CaPaEBR)ebr10857491 035 $a(OCoLC)945866948 035 $a(PPN)170239985 035 $a(FR-PaCSA)88800244 035 $a(FRCYB88800244)88800244 035 $a(EXLCZ)99111004366548788 100 $a20010213d2001 uy 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aInstitutional investors /$fE. Philip Davis and Benn Steil 205 $a1st ed. 210 $aCambridge, Mass. $cMIT Press$dİ2001 215 $a1 online resource (557 pages) 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a9780262541756 311 08$a0262541750 311 08$a9780262041928 311 08$a0262041928 320 $aIncludes bibliographical references (pages [457]-488) and index. 327 $aIntro -- Contents -- Tables -- Acknowledgments -- About the Authors -- Introduction and Executive Summary -- I The Development and Performance of Institutional Investors -- 1 The Development of Institutional Investors -- 2 Investment Behavior and Performance of Institutional Investors -- II The Industry of Asset Management -- 3 The Industrial Structure and Dynamics of Asset Management -- 4 Influences on the Future of the Asset Management Industry -- III Institutional Investment, the Financial Sector, and the Economy -- 5 Implications of the Growth of Institutional Investors for the Financial Sectors -- 6 Implications of the Growth of Institutional Investors for the Nonfinancial Sectors -- IV Institutional Trading -- 7 Automation, Trading Costs, and the Structure of the Securities Trading Industry -- 8 Institutional Trading Costs -- Glossary -- References -- Name Index -- Subject Index. 330 $aOne of the most important recent developments in financial markets is the institutionalization of saving associated with the growth of pension funds, life insurance companies, and mutual funds. An increasing proportion of household saving is now managed by professional portfolio managers instead of being directly invested in the securities markets or held in the form of bank deposits. With the aging of the population and its adverse impact on public pension systems, the shift of individual savings to institutional investors is likely to become even more marked in the coming years.This book provides a comprehensive economic assessment of institutional investment. It charts the development and performance of the asset management industry and analyzes the implications of rising institutionalized saving for the development of the securities trading industry, the financial sector as a whole, and the wider economy. The book draws extensively on international experience, particularly in the United States, Western Europe, and Japan. 606 $aInstitutional investments 615 0$aInstitutional investments. 676 $a332.67/154 700 $aDavis$b E. P$g(E. Philip),$f1957-$0126853 701 $aSteil$b Benn$0283013 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910955841403321 996 $aInstitutional investors$94339103 997 $aUNINA