INTERNATIONAL FINANCIAL CRISIS’ IMPACTS UPON INSTITUTIONAL INVESTORS CASE OF FINANCIAL INVESTMENT COMPANIES

Latest evolutions predict a pessimistic perspective for international capital markets, 2008 proving to be the year characterized by financial shocks amplified by echoing bankruptcies in the financial and banking sector, nationalizations, takeovers and unforeseen restructurings. Being integrated in the context of international financial markets through the globalization process, Romanian capital market could not avoid dramatic consequences generated by economic recession, more and more present these days. The paper intends to identify causes and influencing factors of international financial crisis, valuing the impact upon financial performances and market quotations of securities issued by Financial Investment Companies, as a representative category for domestic institutional investors