The development of the institutional investor : the case of Australian life insurers 1945-85
Data(s) |
01/11/2012
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Resumo |
This paper considers the post-war development of asset management practices among Australian life insurers, which have historically been among the largest institutional investors in Australia. A complex process of adaptation and organisational restructuring allowed life insurers to transform from basic investors of policy-holders’ funds to large multifaceted institutional investors in just three decades. Three stages in the development of investment practices are identified. These phases trace the process of expanding existing knowledge bases; diversification; and the acquisition of new skills; consolidation and the integration of these skills into institutional structures; thus completing one cycle of organisational learning and setting the stage for the next. |
Identificador | |
Idioma(s) |
eng |
Publicador |
Wiley |
Relação |
http://dro.deakin.edu.au/eserv/DU:30049757/kenely-thedevelopment-2012.pdf http://dx.doi.org/10.1111/j.1467-8446.2012.00357.x |
Palavras-Chave | #debt markets #routines #knowledge pathways #life insurance #insitutional investment #equity markets |
Tipo |
Journal Article |