Showing papers on "Investment management published in 1977"
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TL;DR: A substantial amount of attention has been directed in the literature of economics and finance to the question of the investment behavior and portfolio performance of institutional investors as mentioned in this paper, both because the relevant portfolio data are reasonably accessible and because the institutions involved are rapidly growing accumulators and traders of corporate equity securities.
Abstract: In recent years, a substantial amount of attention has been directed in the literature of economics and finance to the question of the investment behavior and portfolio performance of institutional investors.' Those investigations are natural ones, both because the relevant portfolio data are reasonably accessible and because the institutions involved are rapidly growing accumulators and traders of corporate equity securities. The traditional bulwark of the American equity marketplace-the individual investor-however, has been an object of scrutiny only in very aggregative terms. The trend of his apparent withdrawal from direct market participation has been amply documented,2 and the appropriate alarums expressed,3 but the causes of that phenomenon remain almost entirely conjectural. Indeed, virtually all
318 citations
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TL;DR: In this paper, the most important investment problems in developing countries are identified and the necessary changes in management attitudes towards this problems are suggested for their resolution, and suggestions for their resolutions are given.