Download or read book Fonds de pension et march s financiers internationaux written by Philippe Grosjean and published by . This book was released on 2004 with total page 1198 pages. Available in PDF, EPUB and Kindle. Book excerpt: Le fonds de pension est une organisation collectant, investissant des fonds sur les marchés financiers et versant des prestations de retraite à long terme à des adhérents qui l'auront librement choisie. La sélection, l'achat et le placement en valeurs mobilières dans une perspective de retraite, met en évidence différents systèmes de fonds de pension. Leur structure juridique étonne. Les Etats les prennent en compte, l'Europe communautaire s'y intéresse. Les sociétés cotées les comptent parmi leurs actionnaires les plus influents et les plus activistes. Ce sont de véritables entreprises aptes à nous aider à démontrer la filiation qui a conduit de la pension governance américaine à la corporate governance mondiale, des transformations organisationnelles des fonds de pension américains à la dissociation entre propriété et gestion du capital, caractéristique de ce capitalisme collectif. Cette étude économique et juridique prend en compte l'actualité financière la plus récente ainsi que les domaines les plus originaux du droit des sociétés, du droit financier et boursier, du droit européen, toutes ces matières étant observées dans une perspective comparée

Download or read book FONDS DE PENSION ET MARCHES FINANCIERS written by Najat El Mekkaoui de Freitas and published by Editions L'Harmattan. This book was released on 1999-04-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ces dernières années ont été marquées par le développement spectaculaire des fonds de pension. Ces institutions atypiques sont en effet devenues des opérateurs financiers majeurs sur les marchés de capitaux. Les fonds de pension dans les pays industriels sont traités dans cet ouvrage à la fois sur le plan de leur histoire, de leur économie et de leurs comportements sur les marchés financiers.

Download or read book Les comportements financiers des fonds de pension sur les march s internationaux de capitaux written by Najat El Mekkaoui de Freitas and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Au cours de ces dernières années, parallèlement au développement des marchés de capitaux, on observe l'accroissement spectaculaire du poids financier des fonds de pension des pays de l'OCDE. L'objet de cette thèse est d'analyser les comportements financiers en matière de choix de portefeuille des fonds de pension des pays de l'OCDE à partir du modèle de portefeuille à deux paramètres (espérance-variance) et leurs incidences sur les marchés internationaux de capitaux. Sur le plan historique, l'analyse des raisons de l'émergence des fonds de pension à la fin du XIXème siècle, particulièrement, en Grande-Bretagne et aux Etats-Unis indique qu'elle s'est effectuée en parallèle à la révolution industrielle. La mise en place de ces fonds apparait comme un instrument de gestion d'une main-d'œuvre abondante et qualifiée. Par ailleurs, l'adhésion des employés des fonds permettait aux entreprises d'obtenir de leur part un comportement loyal et optimal en matière de productivité. Sur le plan financier, les fonds de pension apparaissent être fortement à l'origine de la dérèglementation des marchés et de l'émergence de produits financiers. Apres avoir traité des externalités dégagées par les fonds, nous vérifions si, dans un environnement contraint, ils obéissent aux comportements de diversification financière développés par la théorie du choix de portefeuille a deux paramètres. Dans l'ensemble des pays considérés, les fonds n'obéissent pas au modèle de diversification financière. Les réglementations spécifiques constituent une contrainte en matière de diversification financière. Les fonds britanniques représentent une exception. L'analyse statistique et économétrique des fonds britanniques indique un comportement rationnel au sens de la diversification financière. Les tests du modèle de marché montrent que le portefeuille des fonds de pension est diversifié et représentatif de la volatilité du marché. Par ailleurs, une étude des corrélations des rentabilités des portefeuilles des fonds britanniques montre que la diversification internationale ne permet plus une amélioration de la rentabilité. Ce résultat est cohérent dans un contexte d'intégration des marchés de capitaux.

Download or read book Fonds de pension et march s financiers internationaux written by Philippe Grosjean and published by . This book was released on 2006 with total page 570 pages. Available in PDF, EPUB and Kindle. Book excerpt: L'irruption sur la scène internationale des fonds de pension méritait une étude comparée. Si les feux de l'actualité sont braqués sur eux, leur qualité d'investisseur puissant ne remonte tout au plus qu'aux dernières années du XX siècle. Il s'agit pourtant d'un acteur présent au cœur d'une aventure sociale, économique et juridique qui touche toutes les branches du droit économique. Le fonds de pension est une organisation collectant, investissant des fonds sur les marchés financiers et versant des prestations de retraite à long terme à des adhérents qui l'auront librement choisie. La perception de la situation, constituée par la sélection, l'achat et le placement en valeurs mobilières dans la perspective de la valorisation d'un patrimoine, met en évidence différents systèmes de fonds de pension. Leur structure juridique étonne. Les Etats les prennent en compte, l'Europe communautaire s'y intéresse. Les sociétés cotées les comptent parmi leurs actionnaires les plus influents et les plus activistes. Ce sont de véritables entreprises aptes à nous aider à démontrer la filiation qui a conduit de la pension governance américaine à la corporate governance mondiale, des transformations organisationnelles des fonds de pension américains à la dissociation entre propriété et gestion du capital, caractéristique de ce capitalisme collectif. Le présent travail constitue une étude d'ensemble, à la fois économique et juridique, prenant en compte l'actualité financière la plus récente ainsi que les domaines les plus originaux du droit des sociétés, du droit financier et boursier, du droit européen, toutes ces matières étant observées dans une perspective comparée. Enfin, l'étude permet de se prononcer sur l'opportunité d'une législation en la matière qui sera dans l'avenir de plus en plus européenne avec l'apport de règles reconnues au plan international.

Download or read book European Corporate Governance written by Thomas Clarke and published by Routledge. This book was released on 2009-06-24 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: In light of the most severe financial crisis since the 1930s, this intelligent look at European corporate governance brings out the richness of European corporate governance systems and highlights historical weaknesses that will require further work for a sustainable corporate governance environment in the future.

Download or read book Portfolio Theory and Performance Analysis written by Noel Amenc and published by John Wiley & Sons. This book was released on 2005-01-21 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many years asset management was considered to be a marginal activity, but today, it is central to the development of financial industry throughout the world. Asset management's transition from an "art and craft" to an industry has inevitably called integrated business models into question, favouring specialisation strategies based on cost optimisation and learning curve objectives. This book connects each of these major categories of techniques and practices to the unifying and seminal conceptual developments of modern portfolio theory. In these bear market times, performance evaluation of portfolio managers is of central focus. This book will be one of very few on the market and is by a respected member of the profession. Allows the professionals, whether managers or investors, to take a step back and clearly separate true innovations from mere improvements to well-known, existing techniques Puts into context the importance of innovations with regard to the fundamental portfolio management questions, which are the evolution of the investment management process, risk analysis and performance measurement Takes the explicit or implicit assumptions contained in the promoted tools into account and, by so doing, evaluate the inherent interpretative or practical limits

Download or read book Biblio List Updates in Print written by and published by . This book was released on 1992-04 with total page 796 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Government Finance Statistics Manual 2001 written by International Monetary Fund and published by International Monetary Fund. This book was released on 2001-12-19 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Manual, which updates the first edition published in 1986, is a major advance in the standards for compilation and presentation of fiscal statistics. It is intended as a reference volume for compilers of government finance statistics, fiscal analysts, and other users of fiscal data. The Manual introduces accrual accounting, balance sheets, and complete coverage of government economic and financial activities. It covers concepts, definitions, classifications, and accounting rules, and provides a comprehensive framework for analysis, planning, and policy determination. To the extent possible, the Manual has been harmonized with the System of National Accounts 1993.

Download or read book World Development Report 1994 written by and published by World Bank Publications. This book was released on 1994 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: World Development Report 1994 examines the link between infrastructure and development and explores ways in which developing countries can improve both the provision and the quality of infrastructure services. In recent decades, developing countries have made substantial investments in infrastructure, achieving dramatic gains for households and producers by expanding their access to services such as safe water, sanitation, electric power, telecommunications, and transport. Even more infrastructure investment and expansion are needed in order to extend the reach of services - especially to people living in rural areas and to the poor. But as this report shows, the quantity of investment cannot be the exclusive focus of policy. Improving the quality of infrastructure service also is vital. Both quantity and quality improvements are essential to modernize and diversify production, help countries compete internationally, and accommodate rapid urbanization. The report identifies the basic cause of poor past performance as inadequate institutional incentives for improving the provision of infrastructure. To promote more efficient and responsive service delivery, incentives need to be changed through commercial management, competition, and user involvement. Several trends are helping to improve the performance of infrastructure. First, innovation in technology and in the regulatory management of markets makes more diversity possible in the supply of services. Second, an evaluation of the role of government is leading to a shift from direct government provision of services to increasing private sector provision and recent experience in many countries with public-private partnerships is highlighting new ways to increase efficiency and expand services. Third, increased concern about social and environmental sustainability has heightened public interest in infrastructure design and performance.

Download or read book Bibliographie der Staats und Wirtschaftswissenschaften written by and published by . This book was released on 1995 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bibliographie der Wirtschaftswissenschaften written by and published by . This book was released on 1996 with total page 916 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Geopolitics of Renewables written by Daniel Scholten and published by Springer. This book was released on 2018-01-11 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renewables are a game changer for interstate energy relations. Their abundance and intermittency, possibilities for decentral generation and use of rare earth materials, and generally electric nature of transportation make them very different from fossil fuels. What do these geographic and technical characteristics of renewable energy systems imply for infrastructure topology and operations, business models, and energy markets? What are the consequences for the strategic realities and policy considerations of producer, consumer, and transit countries and energy-related patterns of cooperation and conflict between them? Who are the winners and losers? The Geopolitics of Renewables is the first in-depth exploration of the implications for interstate energy relations of a transition towards renewable energy. Fifteen international scholars combine insights from several disciplines - international relations, geopolitics, energy security, renewable energy technology, economics, sustainability transitions, and energy policy - to establish a comprehensive overview and understanding of the emerging energy game. Focus is on contemporary developments and how they may shape the coming decades on three levels of analysis: · The emerging global energy game; winners and losers · Regional and bilateral energy relations of established and rising powers · Infrastructure developments and governance responses The book is recommended for academics and policy makers. It offers a novel analytical framework that moves from geography and technology to economics and politics to investigate the geopolitical implications of renewable energy and provides practical illustrations and policy recommendations related to specific countries and regions such as the US, EU, China, India, OPEC, and Russia

Download or read book Other People s Money written by Charles V. Bagli and published by Penguin. This book was released on 2014-03-25 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: A veteran New York Times reporter dissects the most spectacular failure in real estate history Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town–Peter Cooper Village in New York City failed to deliver the expected profits. But how did Tishman Speyer walk away from the deal unscathed, while others took the financial hit—and MetLife scored a $3 billion profit? Illuminating the world of big real estate the way Too Big to Fail did for banks, Other People’s Money is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown.

Download or read book Freefall America Free Markets and the Sinking of the World Economy written by Joseph E. Stiglitz and published by W. W. Norton & Company. This book was released on 2010-10-04 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: An incisive look at the global economic crisis, our flawed response, and the implications for the world’s future prosperity. The Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. Flawed government policy and unscrupulous personal and corporate behavior in the United States created the current financial meltdown, which was exported across the globe with devastating consequences. The crisis has sparked an essential debate about America’s economic missteps, the soundness of this country’s economy, and even the appropriate shape of a capitalist system. Few are more qualified to comment during this turbulent time than Joseph E. Stiglitz. Winner of the 2001 Nobel Prize in Economics, Stiglitz is “an insanely great economist, in ways you can’t really appreciate unless you’re deep into the field” (Paul Krugman, New York Times). In Freefall, Stiglitz traces the origins of the Great Recession, eschewing easy answers and demolishing the contention that America needs more billion-dollar bailouts and free passes to those “too big to fail,” while also outlining the alternatives and revealing that even now there are choices ahead that can make a difference. The system is broken, and we can only fix it by examining the underlying theories that have led us into this new “bubble capitalism.” Ranging across a host of topics that bear on the crisis, Stiglitz argues convincingly for a restoration of the balance between government and markets. America as a nation faces huge challenges—in health care, energy, the environment, education, and manufacturing—and Stiglitz penetratingly addresses each in light of the newly emerging global economic order. An ongoing war of ideas over the most effective type of capitalist system, as well as a rebalancing of global economic power, is shaping that order. The battle may finally give the lie to theories of a “rational” market or to the view that America’s global economic dominance is inevitable and unassailable. For anyone watching with indignation while a reckless Wall Street destroyed homes, educations, and jobs; while the government took half-steps hoping for a “just-enough” recovery; and while bankers fell all over themselves claiming not to have seen what was coming, then sought government bailouts while resisting regulation that would make future crises less likely, Freefall offers a clear accounting of why so many Americans feel disillusioned today and how we can realize a prosperous economy and a moral society for the future.

Download or read book The History of Global Climate Governance written by Joyeeta Gupta and published by Cambridge University Press. This book was released on 2014-02-06 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: A systematic exploration of the underlying issues and negotiation history of climate change governance, for policymakers, NGOs, researchers and graduate students.

Download or read book Making Finance Work for Africa written by Patrick Honohan and published by World Bank Publications. This book was released on 2007 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on its extensive experience in helping restructure and reform financial systems, the World Bank examines the state of African domestic financial systems in a global comparison. It identifies promising trends as well as pinpointing the major shortcomings that are observed across sub-Saharan Africa. Policy recommendations distinguish between those designed to make finance a more effective driver of economic growth and those designed to give low income, small-scale and other excluded groups better access to financial services.

Download or read book CORPORATE PROFILE GRAPHICS written by and published by Hunter Books. This book was released on 1998-11-15 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: An international collection of corporate brochures and reports. Included are brochures from schools, hotels, hospitals and self-promotion materials from designers and architects.