Impact of institutional investors on financial market stability: lessons from financial crisis (CROSBI ID 610341)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
Podaci o odgovornosti
Krišto, Jakša ; Stojanović, Alen ; Pavković, Anita
engleski
Impact of institutional investors on financial market stability: lessons from financial crisis
Institutional investors are seen as key investors on the financial market, crucial market makers, supporting market liquidity and activity, as well as important pillars of pension systems and for maintaining financial stability. Institutional investors, mostly pension funds and insurance companies, were considered to have a positive effect on financial stability because of their long-term investment strategy and funding. The recent financial crisis and its impact on financial market stability revealed serious systemic risk and interconnections between movements on financial markets and institutional investors’ investment behaviour. Their investment policy, outflows and fire sales on the financial market had a great impact on market stability and deepening of the financial crisis. The purpose of this paper is to analyse the impact of institutional investors on financial market stability in the aftermath of financial crisis. The research will point out lessons learned from the financial crisis and point at key initiatives and necessary improvements in the field of institutional investors.
institutional investors; financial market stability; financial crisis
Changed and modified version of the paper is published in International Journal of Diplomacy and Economy (2049-0887) 2 (2014), 1/2 ; 102-117 (paper 659862).
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Podaci o prilogu
335-349.
2013.
objavljeno
Podaci o matičnoj publikaciji
Proceedings of the 1st Dubrovnik International Economic Meeting, Scientific Conference on Innovative Approaches to the Contemporary Economic Problems
Vrdoljak Raguž, Ivona ; Lončar, Iris
Dubrovnik: Sveučilište u Dubrovniku
978-953-7153-30-4
Podaci o skupu
1st Dubrovnik International Economic Meeting
predavanje
27.09.2013-29.09.2013
Dubrovnik, Hrvatska