Stephen Cecchetti, Kim Schoenholtz, 22 February 2018

Investment is shifting from tangible physical assets to intangible goods like software, data, and R&D. This column analyses the impact of this shift on the structure of firm financing. The financial system’s shift from public to private equity is, on the whole, an encouraging reflection of its response to the changing needs of the economy.

Daniel Cavagnaro, Berk Sensoy, Yingdi Wang, Michael Weisbach, 10 September 2016

Investment officers are often the highest-paid individuals in institutions such as pension funds and foundations, because of the size and importance of the decisions they make. This column argues that successful investment officers earn their pay, because they make returns that can't be explained by luck alone. Therefore, institutional investors might benefit from investing in high-quality investment officers.

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The report takes an in-depth look at the types of finance the transition region requires to move towards sustainable growth. In the post-crisis era, growth in the region has come to a virtual standstill. As a result, there is little convergence with advanced countries and the report concludes that the region requires a variety of funding sources, as well as structural reform, to address the investment gap that currently exists.
The report assesses the balance between debt and equity financing, between foreign currency and local currency finance and between external and domestic funding. In particular, the report assesses in detail the role of private equity as a form of growth capital in the EBRD’s countries of operations. It also looks at whether the balance is right between public, household and corporate debt. Finally, the report considers how the balance between traditional western European foreign direct investment and funding from further-flung regions might be improved.

Anne Murphy, 15 January 2010

Anne Murphy, lecturer in history at the University of Hertfordshire and associate director of the Centre for Financial History at Newnham College, Cambridge, talks to Romesh Vaitilingam about her new book ‘The Origins of English Financial Markets: Investment and Speculation before the South Sea Bubble’. The interview was recorded in London in January 2010.

Viral Acharya, Tim Johnson, 11 March 2008

Suspicious trading activities ahead of major mergers and acquisitions have raised concerns about insider trading in recent years. New research attributes the rise in insider trading to the growing number of insiders involved in big deals.

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