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The European venture capital and private equity country attractiveness index(es)
Groh, Alexander P.; Liechtenstein, Heinrich; Lieser, Karsten - IESE Business School, Universidad de Navarra - 2008
We calculate composite indexes to compare the attractiveness of 25 European countries for institutional investments into the Venture Capital and Private Equity asset class. To achieve this we use 42 different criteria and propose an aggregation structure that allows for benchmarking on more...
Persistent link: https://www.econbiz.de/10005021764
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The determinants of international commercial real estate investments
Lieser, Karsten; Groh, Alexander P. - IESE Business School, Universidad de Navarra - 2011
We examine the determinants of commercial real estate investments using a unique set of panel data series for 47 countries worldwide, ranging from 2000 to 2009. We explore how different socio-economic, demographic and institutional characteristics affect commercial real estate investment...
Persistent link: https://www.econbiz.de/10009320553
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Performance and international investments in microfinance institutions
Mersland, Roy; Urgeghe, Ludovic - Centre Emile Bernheim, Solvay Brussels School of … - 2011
Using data from 319 microfinance institutions (MFIs) in 68 developing countries, we study the degree to which international debt investments are related to the financial and social performances of MFIs. We find that commercial investments are mainly related to financial performance and level of...
Persistent link: https://www.econbiz.de/10009364299
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Los mercados de las rentas vitalicias en Chile. Competencia, regulación, ¿y miopía?
Walker, Eduardo - In: El Trimestre Económico LXXVI (1) (2009) 301, pp. 145-179
Annuity rates in Chile (defined as the internal rates of return that equate the present value of expected payments to the premium paid by annuitants) are studied and related with industry competition. We document that: a) annuity insurance companies paying higher broker commissions paid lower...
Persistent link: https://www.econbiz.de/10004967082
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The attractiveness of 66 countries for institutional real estate investments: A composite index approach
Lieser, Karsten; Groh, Alexander P. - IESE Business School, Universidad de Navarra - 2010
We address the attractiveness of worldwide 66 countries for institutional real estate investments by the construction of a composite index. For the index' composition, we refer to the results of prior research on the parameters determining real estate investment activity on an aggregated country...
Persistent link: https://www.econbiz.de/10008641480
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PENSION FUNDS AND CAPITAL MARKET DEVELOPMENT:HOW MUCH BANG FOR THE BUCK?
Raddatz, Claudio; Schmukler, Sergio L. - Economics Research, World Bank Group - 2008
This paper studies the relation between institutional investors and capital market development by analyzing unique data on monthly asset-level portfolio allocations of Chilean pension funds between 1995 and 2005. The results depict pension funds as large and important institutional investors...
Persistent link: https://www.econbiz.de/10005133793
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Reshaping financial systems. New technologies and financial innovations - evidence from the United States, Mexico and Brazil
Lechman, Ewa; Marszk, Adam - Wydział Zarządzania i Ekonomii, Politechnika Gdańska - 2014
. Particularly, we examine the impact of ICT adoption on changing values of exchange traded funds in Brazil and Mexico, comparing it … fast development of exchange traded funds in Mexico and in the United States, measured by increases in assets under … management. Moreover, in the period 2002-2012 Mexico has caught up with the United States in terms of ETFs share in total …
Persistent link: https://www.econbiz.de/10010742019
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Pricing of real estate specific market risks for worldwide 66 countries
Lieser, Karsten - IESE Business School, Universidad de Navarra - 2011
I address the construction of hurdle rates for 66 countries that adequately compensate investors for the real estate specific market risks involved when investing, operating and exiting a foreign market. To estimate the market-based framework, I run random effect panel regressions for a period...
Persistent link: https://www.econbiz.de/10010614918
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Microfinance Investment Vehicles and Social Performance: Moving forward with the MACBETH Approach
De Corte, Jean-Marie; Labie, Marc; Urgeghe, Ludovic; … - Centre Emile Bernheim, Solvay Brussels School of … - 2012
In a context where MIVs face several bottlenecks regarding their future role in the microfinance industry, this paper suggests a brand new way of reviewing their commitment to double bottom line returns. We suggest using the MACBETH (Measuring Attractiveness by a Categorical Based Evaluation...
Persistent link: https://www.econbiz.de/10010570837
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French investment funds during the crisis (2008-2012)
A.-N. Bouloux.; G. Fourel. - In: Quarterly selection of articles - Bulletin de la Banque … (2013) 30, pp. 45-69
At end-2012, net assets held by French investment funds stood at a slightly higher level than at end-2008: France remained in second place for investment funds in the euro area.
Persistent link: https://www.econbiz.de/10010699567