Naslov
Impact of institutional investors on financial market stability: lessons from financial crisis

Autori
Krišto, Jakša ; Stojanović, Alen ; Pavković, Anita

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
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, 2013, 335-349

ISBN
978-953-7153-30-4

Skup
1st Dubrovnik International Economic Meeting

Mjesto i datum
Dubrovnik, Hrvatska, 27.09.2013. - 29.09.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
institutional investors; financial market stability; financial crisis

Sažetak
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.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

Napomena
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).

POVEZANOST RADA