Holdings: Institutional Investors and Long-Term Investment : Evidence from Chile

Institutional Investors and Long-Term Investment : Evidence from Chile

Developing countries are trying to develop long-term financial markets and institutional investors are expected to play a key role. This paper uses unique evidence on the universe of institutional investors from the leading case of Chile to study t...

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Bibliographic Details
Main Authors:	Opazo, Luis, Raddatz, Claudio, Schmukler, Sergio L.
Language:	English en_US
Published:	World Bank, Washington, DC 2014
Subjects:	AGENCY PROBLEMS ASSET CLASS ASSET CLASSES ASSET HOLDINGS ASSET MANAGERS ASSET PRICES ASSET VALUES ASSET-LIABILITY MISMATCH ASYMMETRIC INFORMATION AUCTION AUCTION AMOUNT AUCTIONS BANK DEPOSITS BANK POLICY BANKING SECTOR BANKING SYSTEM BID BIDS BOND BOND AUCTIONS BOND FUNDS BOND INDEX BOND INDICES BOND MARKETS BORROWER CAPITAL MARKET CAPITAL MARKET DEVELOPMENT CAPITAL MARKETS CAPITAL REQUIREMENT CASH FLOWS CENTRAL BANK CONTRACTUAL SAVINGS CONTRACTUAL SAVINGS INSTITUTIONS CORPORATE BOND CORPORATE BOND MARKET CORPORATE BONDS CORPORATE DEBT CORPORATE INVESTMENT DEBT DEBT HOLDINGS DEBT ISSUANCES DEBT MATURITIES DEBT MATURITY DEBTORS DEFAULT RISK DERIVATIVES DERIVATIVES MARKETS DEVELOPING COUNTRIES DISCLOSURE REQUIREMENTS DOLLAR BONDS DOMESTIC INSTITUTIONAL INVESTORS DOMESTIC MARKET EMERGING ECONOMIES EMERGING MARKET EMERGING MARKET DEBT EMERGING MARKETS EQUITIES EQUITY HOLDING EQUITY INSTRUMENTS EXCHANGE RATES FAIR VALUE FEDERAL RESERVE FEDERAL RESERVE BANK FIDUCIARY RESPONSIBILITY FINANCIAL CRISES FINANCIAL CRISIS FINANCIAL DEVELOPMENT FINANCIAL FRAGILITY FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL STABILITY FINANCIAL STUDIES FINANCIAL SUPPORT FINANCIAL SYSTEM FIXED INCOME FIXED INCOME INVESTMENT FIXED INCOME MARKET FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT FUND MANAGERS GLOBAL DEVELOPMENT FINANCE GOVERNMENT BOND GOVERNMENT BONDS GOVERNMENT DEBT GOVERNMENT PAPER HOLDINGS HOLDINGS OF BANK INDEXED BONDS INFLATION INFLATION RISK INFLATION RISKS INSTITUTIONAL INVESTOR INSTITUTIONAL INVESTORS INSURANCE INSURANCE COMPANIES INTEREST RATE INTEREST RATE DERIVATIVES INTERNATIONAL BANK INTERNATIONAL DIVERSIFICATION INTERNATIONAL ECONOMICS INTERNATIONAL FINANCIAL MARKETS INTERNATIONAL PORTFOLIO INTERNATIONAL SETTLEMENTS INVESTING INVESTMENT BEHAVIOR INVESTMENT HORIZON INVESTMENT HORIZONS INVESTMENT INSTRUMENTS INVESTMENT OPPORTUNITIES INVESTMENT PORTFOLIO INVESTMENTS IN EQUITY INVESTOR BASE INVESTOR DEMAND INVESTOR REDEMPTIONS ISSUANCE ISSUANCES LEVEL OF CONFIDENCE LIABILITY LIFE INSURANCE LIFE INSURANCE COMPANIES LIFE INSURANCE COMPANY LIQUID ASSETS LIQUIDATIONS LIQUIDITY LIQUIDITY CRISES LIQUIDITY RATIO LOCAL CURRENCY LONG-TERM ASSETS LONG-TERM CAPITAL LONG-TERM DEBT LONG-TERM DEBT MARKET LONG-TERM FINANCE LONG-TERM INSTRUMENTS LONG-TERM INVESTMENT LONG-TERM INVESTMENTS LONG-TERM INVESTORS LONG-TERM LIABILITIES LONG-TERM PAPER MARK TO MARKET MARK-TO-MARKET MARK-TO-MARKET ACCOUNTING MARKET CONDITIONS MARKET LIQUIDITY MARKET MECHANISM MARKET PARTICIPANTS MARKET PLAYERS MARKET PRICES MATURITIES MATURITY MATURITY DATE MATURITY SPECTRUM MATURITY STRUCTURE MATURITY STRUCTURES MONETARY POLICY MONEY MARKET MONEY MARKET INSTRUMENT MORAL HAZARD MORTGAGES MUTUAL FUND MUTUAL FUND INDUSTRY MUTUAL FUND MANAGERS MUTUAL FUNDS OPEN-END FUNDS OPPORTUNITY COST OUTSTANDING DEBT PENSION PENSION FUND PENSION FUNDS PENSION REFORM PENSION REFORMS PENSION SYSTEM PENSION SYSTEMS PENSIONS PORTFOLIO PORTFOLIO CHOICE PORTFOLIO HOLDINGS PORTFOLIO INVESTMENTS PORTFOLIO REGULATIONS PORTFOLIOS PRICE RISK PRINCIPAL-AGENT PROBLEM PRINCIPAL-AGENT PROBLEMS PUBLIC FINANCE PUBLIC SAVINGS RATE OF RETURN REGULATORY PRACTICES RETAIL INVESTORS RETIREMENT INCOME SECURITY RETURN RETURNS RISK AVERSION RISK EXPOSURE RISK FACTORS RISK PROFILE RISK PROFILES SECURITIES SECURITIES MARKETS SHORT MATURITIES SHORT MATURITY SHORT-TERM ASSET SHORT-TERM ASSETS SHORT-TERM BONDS SHORT-TERM DEBT SHORT-TERM INSTRUMENTS SOVEREIGN BONDS SOVEREIGN DEBT STOCKS TOTAL DEBT TRADING TRANCHE TRANCHES TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TURNOVER TYPE OF INVESTOR YIELD CURVE
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19680163/institutional-investors-long-term-investment-evidence-chile http://hdl.handle.net/10986/18756

Internet

http://documents.worldbank.org/curated/en/2014/06/19680163/institutional-investors-long-term-investment-evidence-chile
http://hdl.handle.net/10986/18756

Institutional Investors and Long-Term Investment : Evidence from Chile

Internet

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