The Production of Investment Returns in Spatially Extensive Financial Markets

2014 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Financial Markets ◽  
Investment Returns

Sovereign Development Funds

2017 ◽  
Author(s):  
Peter Bruce-Clark ◽  
Ashby H.B Monk
Keyword(s):  
Financial Markets ◽  
Global Economy ◽  
Private Investment ◽  
Dual Function ◽  
Investment Strategies ◽  
Objective Functions ◽  
Expected Return ◽  
Investment Returns ◽  
High Investment

In a slowing global economy with diminished confidence in the long-term prospects of public financial markets, many institutional investors are looking for innovative, and often private, investment strategies to meet expected return targets. One source of potential inspiration has, perhaps surprisingly, come from the community of sovereign development funds. SDFs are strategic, government-sponsored investment organizations with dual objective functions: to deliver high financial performance, while fostering development. Despite expectations that this dual function inevitably leads to financial underperformance, certain SDFs have actually delivered consistently high investment returns, especially in private markets. As such, SDF strategies are increasingly being used as models for investment strategies among non-developmental investment organizations. This chapter explores the rise of SDFs, explains the differences between SDFs and SWFs, and substantiates variations in their models of governance and management. In doing so, its goal is to situate SDFs in the changing world of global financial markets and public policy.

Production of Investment Returns

2017 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Financial Markets ◽  
Financial Institutions ◽  
Theory Of The Firm ◽  
Building Blocks ◽  
Influential Factors ◽  
Financial Networks ◽  
Senior Managers ◽  
Investment Returns ◽  
Goals And Objectives ◽  
Over Time

Chapter 4 introduces the ways in which institutional investors produce investment returns over time and space. In doing so, the chapter considers the 1937 theory of the firm by Coase and reviews the theory’s relevance in today’s environment. It then outlines the three building blocks underpinning the ways in which financial institutions produce investment returns in the context of spatially extensive financial markets: ecology of finance, managers and workers, and coordination. The chapter also demonstrates the distinctive attributes of financial institutions, especially vis-à-vis the power and authority of senior managers in relation to the institution’s goals and objectives. The chapter explores other influential factors, such as the ways in which location, particularly in large urban centres with extensive financial networks, can make a difference.

Introduction

2017 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Financial Markets ◽  
Institutional Investors ◽  
Financial Risk ◽  
Service Providers ◽  
Investment Strategies ◽  
Risk And Uncertainty ◽  
Key Points ◽  
Investment Returns ◽  
And Performance

It is acknowledged that institutional investors underpin the structure and performance of global financial markets. There is no doubt that the growth of institutional investors over the past fifty years has given global financial markets a remarkable depth of liquidity and scope of activities. At the same time, institutional investors rely on financial markets to frame and implement their investment strategies. Therefore, it is important to understand what is distinctive about this environment compared with those of other industries, especially manufacturing. In Chapter 1, the authors explain the significance of financial risk and uncertainty in the production of investment returns from a viewpoint of what could be termed a map of financial risk and uncertainty. The role and significance of institutional investors, including asset owners, managers and service providers, is highlighted. Concluding Chapter 1 is a summary of key points for the following chapters in the book.

Regulating Performance-Enhancing Technologies

2013 ◽  
Vol 649 (1) ◽  
pp. 98-119 ◽  
Author(s):  
Nancy Reichman ◽  
Ophir Sefiha
Keyword(s):  
Financial Crisis ◽  
Financial Markets ◽  
Performance Enhancement ◽  
Self Regulation ◽  
Collateralized Debt Obligations ◽  
Investment Returns ◽  
Collateralized Debt ◽  
Professional Cycling ◽  
Enhancement Technologies ◽  
Performance Enhancing

This article compares the efforts to govern performance enhancement technologies in two seemingly different competitive arenas—financial markets and professional cycling—where the pressures to outperform are enormous. In the two decades prior to the 2007 financial crisis, new derivative financial commodities such as collateralized debt obligations (CDOs) were created to “juice up” investment returns for extraordinary profits. Over roughly the same period, the development and use of blood boosting drugs and technologies brought so-called doping by cyclists to new levels of complexity and sophistication with extraordinary race results and new levels of commercialization of the sport. The efforts to “turbocharge” their respective competitive spaces took place within complicated regimes of self-regulation that had strikingly dissimilar narratives about performance enhancement and, consequently, different technologies for control. Looking across these seemingly disparate cases draws our attention to how regulation fits into the assemblage of competition and prospects for reform.

scholarly journals IT Role in Fulfillment of Profit & Loss Sharing (PLS) Mechanism

2019 ◽  
Vol 3 (2) ◽  
pp. 44-59 ◽  
Author(s):  
Bijan Bidabad ◽  
Mahmoud Allahyarifard
Keyword(s):  
Financial Markets ◽  
Stock Exchange ◽  
Real Economy ◽  
Commercial Law ◽  
Safe Delivery ◽  
Business Partners ◽  
It Systems ◽  
Investment Returns ◽  
Investment Capital ◽  
Suitable Environment

In this paper, we are going to introduce a new IT master solution to improve non-usury banking performance. All divine religions emphasize on usury prohibition. It is concluded that with some IT solutions, it may be possible to fulfill the worldly requirement by use of IT systems without any incredulity. Since depositors are   shareholders of Non-Usury Bank Corporation (NU Bank Co), therefore integrated information systems can provide suitable infrastructure for transactions recording and management done by all participants' chains; and the end of process the yields of investment capital of depositors that invest in real economy can be distributed by safe delivery channels such as branches, ATM, WEB, Meaningful WEB. IT (as BPR, ERP, CRM, SCM, MES, MEX, HRM, WFM) that use single and integrated data warehouses) accompanying with standardization in all processes not only prepare PLS mechanism as main difference between conventional and non-usury banking but also simplify risk management and decline operational risk in comparison with conventional non-usury banking. Foundation of real non-usury banking can be based on an integrated IT system that links depositors, NU Bank Co, business partners, investors, stock exchange agencies, social security organization, certificate authorities (CA). Therefore, all related sectors may access the working flow of capital; IT processes, investment returns, and this causes stability in financial markets and achieve social justice establishment. In this paper, we are going to find a solution to this question: is it possible to connect depositors, bank, and investors in an integrated IT system to bring out PLS mechanism? Accordingly, we use a new kind of bank named by "Non-Usury Bank Corporation (Nu bank Co)" to fulfill the PLS criterion. This kind of non-usury bank will be capable of being established in different commercial law systems around the world. Thus, it will provide a suitable environment to automate non-usury banking operations that connect profits of depositors, bank, and loaners all together by using financial automatic communication channels.

European Financial Markets and Institutions

2009 ◽  
Author(s):  
Jakob de Haan ◽  
Sander Oosterloo ◽  
Dirk Schoenmaker
Keyword(s):  
Financial Markets ◽  
Markets And Institutions
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