Reframing finance : new models of long-term investment management / Ashby Monk, Rajiv Sharma, Duncan L. Sinclair.
Material type: TextPublication details: Stanford, California : Stanford Economics and Finance, an imprint of Stanford University Press, (c)2017.Description: 1 online resource (xvi, 193 pages) : illustrationsContent type:- text
- computer
- online resource
- 9781503602755
- HG4521 .R447 2017
- COPYRIGHT NOT covered - Click this link to request copyright permission: https://lib.ciu.edu/copyright-request-form
Item type | Current library | Collection | Call number | URL | Status | Date due | Barcode | |
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Online Book (LOGIN USING YOUR MY CIU LOGIN AND PASSWORD) | G. Allen Fleece Library ONLINE | Non-fiction | HG4521 (Browse shelf(Opens below)) | Link to resource | Available | ocn965922602 |
Includes bibliographies and index.
A collaborative model for long-term investing -- Building an institutional investor's collaborative network and social capital -- Re-intermediating investment management -- New vehicles to drive the collaborative model -- The future of long-term institutional investment.
Reframing Finance argues that institutional investors (such as pension funds, sovereign wealth funds, endowments, and foundations) should put their money more directly into projects like infrastructure, green energy, and the future of agriculture. Doing this would keep the power of financial service firms in check, while closing significant resource gaps that government cannot. Drawing on economic sociology, social network theory, economics, the authors examine the benefits and challenges associated with this approach to long-term investing, illustrated through real-world cases.
Since the 2008 financial crisis, beneficiary organizations--like pension funds, sovereign wealth funds, endowments, and foundations--have been seeking ways to mitigate the risk of their investments and make better financial decisions. For them, Reframing Finance offers a path forward. This book argues that institutional investors would better serve their long-term goals by putting money into large-scale, future-facing projects such as infrastructure, green energy, innovation in agriculture, and real estate development. At the same time, redirecting long-term investments would close significant financial gaps that government cannot. Drawing on key contributions in economic sociology, social network theory, and economics, the book conceptualizes a collaborative model of investment that is already becoming increasingly common: Large investors contribute more directly to private market assets, while financial intermediaries seek to foster co-investment partnerships, better aligning incentives for all. A combination of rich case studies and rigorous theory enables asset owners to move toward more efficient, private-market investing, while also laying groundwork for research at the frontier of finance.
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