Does Geography Still Matter ? Evidence on the Portfolio Turnover of Large Equity Investors and Varieties of Capitalism ?

Claude Dupuy, Stéphanie Lavigne () and Dalila Nicet-Chenaf
Additional contact information
Claude Dupuy: GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique
Stéphanie Lavigne: LEREPS - Laboratoire d'Etude et de Recherche sur l'Economie, les Politiques et les Systèmes Sociaux - UT Capitole - Université Toulouse Capitole - UT - Université de Toulouse - UT2J - Université Toulouse - Jean Jaurès - UT - Université de Toulouse - Institut d'Études Politiques [IEP] - Toulouse - ENSFEA - École Nationale Supérieure de Formation de l'Enseignement Agricole de Toulouse-Auzeville
Dalila Nicet-Chenaf: GREThA - Groupe de Recherche en Economie Théorique et Appliquée - UB - Université de Bordeaux - CNRS - Centre National de la Recherche Scientifique
Authors registered in the RePEc Author Service: Dalila Nicet - Chenaf ()

Post-Print from HAL

Abstract: This article investigates the geography of finance through a study of the behavior of large equity investors who are key actors in capitalism. The main argument is based on their expectations in "finance-driven" capitalism: large equity investors require high returns on invested capital in a shorter time and are said to be impatient. The article focuses on their portfolio turnover in relation to geographic factors and their attachment to a specific model of capitalism. The U.S. "market-based" model is presented as a benchmark, since U.S. investors trade securities most frequently relative to other international equity investors. Our empirical findings on the proximity of investors in various models of capitalism with U.S. "impatient" investors contribute to a growing literature on the economic importance of geography in understanding global finance.

Keywords: geography of finance; equity investors; portfolio turnover; varieties of capitalism; global finance (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (6)

Published in Economic Geography, 2010, 86 (1), pp.75-98. ⟨10.1111/j.1944-8287.2009.01055.x⟩

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Journal Article: Does Geography Still Matter? Evidence on the Portfolio Turnover of Large Equity Investors and Varieties of Capitalism (2010)
Working Paper: Does geography still matter? Evidence on portfolio turnover of large equity investors and varieties of capitalism (2010)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-00844441

DOI: 10.1111/j.1944-8287.2009.01055.x

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().