Investment behaviors of the key actors in capitalism: when geography matters

Claude Dupuy (claude.dupuy@u-bordeaux.fr) and Stéphanie LAVIGNE (LEREPS-GRES & Toulouse Business School

Cahiers du GRES (2002-2009) from Groupement de Recherches Economiques et Sociales

Abstract: The article investigates the geography of finance via an analysis of the investment behavior of large international equity investors. The main argument is based on the importance of financial markets and capital flows and on the central role played in them by institutional investors, the key actors of capitalism. This paper is original because it introduces geographic criteria, and thus institutional and cultural factors, for understanding the behaviour of investors. We present evidence on the diversity of models of capitalism while questioning the convergence of national economies and markets towards a pattern often termed “the Anglo-Saxon model”.

Keywords: institutional investors; geography of finance; models of capitalism; financial markets (search for similar items in EconPapers)
JEL-codes: G15 G23 P10 R00 (search for similar items in EconPapers)
Date: 2008
New Economics Papers: this item is included in nep-geo and nep-pke
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Citations: View citations in EconPapers (2)

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Working Paper: Investment behaviors of the key actors in capitalism: when geography matters (2008)
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