Institutional Investors, StockMarkets and Firms' Information Disclosure

Gregorio Impavido (gimpavido@imf.org)

The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics

Abstract: This paper argues that a mutual relationship exists between the development of institutional investors, and more specifically the development of pension funds, and the development of stock markets. It is shown that the development of pension funds promotes the development of stock markets directly through bargaining or indirectly through improving funds allocation efficiency.

Keywords: PENSION FUNDS; STOCK MARKET; INFORMATION (search for similar items in EconPapers)
JEL-codes: G1 G23 (search for similar items in EconPapers)
Pages: 19 pages
Date: 1998
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://warwick.ac.uk/fac/soc/economics/research/w ... 95-1998/twerp503.pdf

Related works:
Working Paper: INSTITUTIONAL INVESTORS, STOCK MARKETS AND FIRMS' INFORMATIONAL DISCLOSURE (1998)
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:wrk:warwec:503

Access Statistics for this paper

More papers in The Warwick Economics Research Paper Series (TWERPS) from University of Warwick, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Margaret Nash (m.j.nash@warwick.ac.uk).