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Why Institutional investors fail in stabilization of financial markets :reasons and policies |
Zhao Yingjun |
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Abstract In general,institutional investors are believed to play stabilizing roles in securities markets. However, institutional investors fail to do so. This paper explores the reasons. We argue that only when there is a coincidence between the aims of institutional investors and stabilization of markets, can institutional investors do the good job! Some factors, such as the structure of institutional investors and the evaluation also affect their role. We also put forward a few pieces of advice on how to structure China's institutional investors.
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Received: 12 September 2008
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Corresponding Authors:
Zhao Yingjun
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