The article deals with analysis of investment opportunities of non-state pension funds by indicators of reliability and economic efficiency, which, at the current time of development of the system, fully reflect efficiency of operation of pension funds, when pension payments for a specific...

Purpose -This paper addresses the topic “The interaction between financial institutions and firms in the nonfinancial sectors” in the special issue of “Banking and finance in China.” The purpose of this paper is to examine the trading behavior and price effects of foreign institutions...

В статье рассматриваются основные подходы к классификации институциональных инвесторов как субъектов финансового ринка среди отечественных и зарубежных...

В статье проводился анализ инвестиционных возможностей негосударственных пенсионных фондов по показателям надежности и экономической эффективности, которые...

Herding behavior, which is investing in crowded stocks during a specific period, will push the target stocks' return down or up. Using both institutional and individual investors' intraday trading data to calculate the measure of daily herding, we find that a zero-cost investing strategy of...

We investigate the relation between contrarian flows, consumption growth, and market risk premium. We construct a contrarian flows measure by summing up the capital flows to stocks that go against the total flow of the aggregate market. We show that the contrarian flows are negatively influenced...

The article reviews the main approaches to the classification of institutional investors as financial market participants among domestic and foreign scholars. Based on the study identifies key features that can be the basis for enhanced classification of institutional investors.

Corporate Governance relates to mechanisms through which providers of resources to the firm get their share of resources in return. Adequate governance practices help develop capital markets and assist market forces in attaining efficient contracts. Convincing evidence exists that well developed...

This paper provides an overview of the role of institutional investors in financial markets and in particular their role in the governance of corporations. The paper presents the theoretical and empirical evidence regarding the consequences of institutional investor trading and ownership on...

We examine the effects of bidding experience on two groups of investors – individuals and institutions – in terms of their decisions to bid again and their bidding returns. Bidding histories are tracked for all 31,376 individual investors and 1,232 institutional investors across all 84 IPO...