Skip to main content
SpringerLink
Log in
Book cover

Applied Investment Theory pp 1–11Cite as

Palgrave Macmillan

Introduction

  • Chapter
  • First Online:

  • 855 Accesses

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   39.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   64.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   69.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

Notes

  1. 1.

    Sources: equity holdings and US market capitalisation from Flow of Funds Z.1 files (Table L213) at www.federalreserve.gov; corporate profits from BEA National Data (table 6.16D) at www.bea.gov.

  2. 2.

    Not surprisingly, there has been considerable research on impacts of these large investors, with surveys by Edwards and Hubbard (2000) and Sundaramurthyet al. (2005).

Bibliography

  • Agénor, P.-R. (2003). “Benefits and Costs of International Financial Integration: Theory and Facts.” The World Economy 26 (8): 1089–1118.

    Google Scholar 

  • Aggarwal, R., I. Erel, M. Ferreira and P. Matos (2011). “Does Governance Travel Around the World? Evidence from Institutional Investors.” Journal of Financial Economics 100 (1): 154–181.

    Google Scholar 

  • Agnew, J., P. Balduzzi and A. Sundén (2003). “Portfolio Choice and Trading in a Large 401(k) Plan.” The American Economic Review 93 (1): 193–215.

    Article  Google Scholar 

  • Allais, M. (1988). “The General Theory of Random Choices in Relation to the Invariant Cardinal Utility Function and the Specific Probability Function” in B. R. Munier (ed) Risk, Decision, and Rationality. Holland, Dordrecht.

    Google Scholar 

  • Alpert, B. N., P. Justice, A. Serhan and C. West (2015) “Global Fund Investor Experience Study.” Morningstar, https://corporate.morningstar.com/US/documents/2015%20Global%20Fund%20Investor%20Experience.pdf.

  • Amenc, N., F. Goltz and A. Lioui (2011). “Practitioner Portfolio Construction and Performance Measurement: Evidence from Europe.” Financial Analysts Journal 67 (3): 39–50.

    Google Scholar 

  • Arnswald, T. (2001) “Investment Behaviour of German Equity Fund Managers.” Economic Research Centre of the Deutsche Bundesbank Deutsche Bundesbank Discussion Paper http://ssrn.com/abstract=266936.

  • Baker, M. and J. Wurgler (2006). “Investor Sentiment and the Cross-Section of Stock Returns.” The Journal of Finance 61 (4): 1645–1680.

    Article  Google Scholar 

  • Barberis, N. and R. Thaler (2003). “A Survey of Behavioral Finance” in G. M. Constantinides, M. Harris and R. M. Stulz (ed) Handbook of the Economics of Finance. Boston Elsevier/North-Holland.

    Google Scholar 

  • BCG (2015) “Global Asset Management 2014.” BCG Perspectives, www.bcgperspectives.com.

  • Besley, T. and P. Hennessy (2009). “The Global Financial Crisis – Why Didn’t Anybody Notice?” British Academy Review (14): 8–11.

    Google Scholar 

  • Cochrane, J. H. (1999). “New Facts in Finance.” Economic Perspectives 23 (3): 36–58.

    Google Scholar 

  • Coleman, L. (2014c). “Why Finance Theory Fails to Survive Contact with the Real World: A Fund Manager Perspective.” Critical Perspectives on Accounting 25 (3): 226–236.

    Google Scholar 

  • Dass, N., M. Massa and R. Patgiri (2008). “Mutual Funds and Bubbles: The Surprising Role of Contractual Incentives”. Review of Financial Studies 21 (1): 51–99.

    Google Scholar 

  • Edwards, F. R. and R. G. Hubbard (2000). “The Growth of Institutional Stock Ownership: A Promise Unfulfilled.” Journal of Applied Corporate Finance 13 (3): 92–104.

    Google Scholar 

  • Ferreira, M. A., A. Keswani, A. F. Miguel and S. B. Ramos (2012). “The Determinants of Mutual Fund Performance: A Cross-Country Study.” Review of Finance 17 (2): 483–525.

    Google Scholar 

  • Ferreira, M. A. and S. B. Ramos (2009) “Mutual Fund Industry Competition and Concentration: International Evidence.” Available at SSRN 1343096.

    Google Scholar 

  • Foster, F. D. and G. J. Warren (2015). “Interviews with Institutional Investors: The How and Why of Active Investing.” The Journal of Behavioral Finance

    Google Scholar 

  • Friend, I. (1973). “Mythodology in Finance.” The Journal of Finance 28 (2): 257–272.

    Google Scholar 

  • Goldstein, I. and A. Razin (2015). “Three Branches of Theories of Financial Crises.” Foundations and Trends in Finance 10 (2): 113–180.

    Article  Google Scholar 

  • Greenwood, R. and D. Scharfstein (2013). “The Growth of Finance.” The Journal of Economic Perspectives 27 (2): 3–28.

    Google Scholar 

  • Henry, D. (2002). “Why Most Big Deals Don’t Pay Off”. Business Week. 14 October 2002

    Google Scholar 

  • Holland, J. (2006). “Fund Management, Intellectual Capital, Intangibles and Private Disclosure.” Managerial Finance 32 (4): 277–316.

    Google Scholar 

  • Keynes, J. M. (1937). “The General Theory of Employment.” The Quarterly Journal of Economics 51 (2): 209–223.

    Article  Google Scholar 

  • Ma, L., Y. Tang and J.-P. Gomez (2013). Portfolio Manager Compensation in the U.S. Mutual Fund Industry. Finance Down Under 2014 Building on the Best from the Cellars of Finance. Melbourne.

    Google Scholar 

  • Menkhoff, L. (2010). “The Use of Technical Analysis by Fund Managers: International Evidence.” Journal of Banking & Finance 34 (11): 2573–2586.

    Google Scholar 

  • Ritter, J. R. and I. Welch (2002). “A Review of IPO Activity, Pricing, and Allocations.” The Journal of Finance 57 (4): 1795–1828.

    Article  Google Scholar 

  • Steiner, E. (1988). Methodology of Theory Building. Sydney, Educology Research Associates.

    Google Scholar 

  • Straus, S. E., J. Tetroe and I. Graham (2009). “Defining Knowledge Translation.” Canadian Medical Association Journal 181 (3–4): 165–168.

    Google Scholar 

  • Subrahmanyam, A. (2007). “Behavioural Finance: A Review and Synthesis.” European Financial Management 14 (1): 12–29.

    Google Scholar 

  • Sundaramurthy, C., D. L. Rhoades and P. L. Rechner (2005). “A Meta-Analysis of the Effects of Executive and Institutional Ownership on Firm Performance.” Journal of Managerial Issues: 494–510.

    Google Scholar 

  • Thaler, R. H. (1988). “Anomalies: The Winner’s Curse.” The Journal of Economic Perspectives 2: 191–202.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. University of Melbourne, Parkville, Victoria, Australia

    Les Coleman

Authors
  1. Les Coleman
    View author publications

    You can also search for this author in PubMed Google Scholar

Rights and permissions

Reprints and permissions

Copyright information

© 2016 The Author(s)

About this chapter

Cite this chapter

Coleman, L. (2016). Introduction. In: Applied Investment Theory. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-43976-1_1

Download citation

  • DOI: https://doi.org/10.1007/978-3-319-43976-1_1

  • Published:

  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-319-43975-4

  • Online ISBN: 978-3-319-43976-1

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation