Reframing finance
Subtitle: new models of long-term investment management
By: Ashby Monk, Rajiv Sharma, Duncan L. Sinclair
Contributors: Sharma, Rajiv, 1984- author; Sinclair, Duncan L., author
Publisher: Stanford Economics and Finance, an imprint of Stanford University Press
Published: 2017
Language: eng
Number of pages: 193
ISBN-13: 9781503601789
Subjects: Institutional investors; Management; Institutional investments; Business networks
Description: "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."--
Notes: Includes bibliographical references and index.
Table of contents: title: A collaborative model for long-term investing; title: Building an institutional investor's collaborative network and social capital; title: Re-intermediating investment management; title: New vehicles to drive the collaborative model; title: The future of long-term institutional investment.