Governance Impact on Private Investment

Download Governance Impact on Private Investment PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 : 9780821348185
Total Pages : 100 pages
Book Rating : 4.3/5 (481 download)

DOWNLOAD NOW!


Book Synopsis Governance Impact on Private Investment by : Nina Bubnova

Download or read book Governance Impact on Private Investment written by Nina Bubnova and published by World Bank Publications. This book was released on 2000 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the last decade, infrastructure finance and provision graduated from traditional means to more innovative ones, primarily initiated by private companies and supported through their equity and debt. Capital markets increasingly became the main funding source for infrastructure projects worldwide, including investments in developing and transition countries where infrastructure penetration still falls considerably short of needs. Infrastructure bonds served as the most popular method of oil, gas, electricity, telecommunications, and transport project financing in these countries throughout 1990-99, thereby substituting government funding. Using an innovative methodological approach, 'Governance Impact on Private Investment' provides a thorough examination of the effect that governance frameworks, both political and regulatory, have on investors' risk perceptions and on associated costs for infrastructure financing. It identifies those political and regulatory risks that most concern investors. It offers a unique comparative analysis of developed and emerging infrastructure bond markets. The analysis demonstrates how the factors that drive infrastructure finance in the two country groups differ, which helps to identify the policy implications of these factors.

Corporate Governance and Responsible Investment in Private Equity

Download Corporate Governance and Responsible Investment in Private Equity PDF Online Free

Author :
Publisher : Cambridge University Press
ISBN 13 : 1108627668
Total Pages : 241 pages
Book Rating : 4.1/5 (86 download)

DOWNLOAD NOW!


Book Synopsis Corporate Governance and Responsible Investment in Private Equity by : Simon Witney

Download or read book Corporate Governance and Responsible Investment in Private Equity written by Simon Witney and published by Cambridge University Press. This book was released on 2021-01-07 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Private equity-backed companies are ubiquitous and economically significant. Consequently, the corporate governance of these companies matters to all of us, and – not surprisingly – is coming under increasing scrutiny. Simon Witney, a practicing private equity lawyer, positions private equity portfolio companies within existing academic theory and examines the laws that apply to them in the UK. He analyses the actual governance frameworks that are put in place and identifies problems created by the legal rules – as well as the market's solutions to them. This book not only explains why these governance mechanisms are established, but also what they are expected to achieve. Witney suggests that private equity owners have both the incentives and the capability to focus on responsible investment practices. Good governance, he argues, is a critical success factor for the private equity industry.

Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement

Download Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1513578723
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!


Book Synopsis Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement by : Shafik Hebous

Download or read book Can Government Demand Stimulate Private Investment? Evidence from U.S. Federal Procurement written by Shafik Hebous and published by International Monetary Fund. This book was released on 2016-03-10 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the effects of federal purchases on firms’ investment using a novel panel dataset that combines federal procurement contracts in the United States with key financial firm-level information. We find that 1 dollar of federal spending increases firms’ capital investment by 7 to 11 cents. The average effect masks heterogeneity: Effects are stronger for firms that face financing constraints and they are close to 0 for unconstrained firms. In line with the financial accelerator model, our findings indicate that the effect of government purchases works through easing firms’ access to external borrowing. Furthermore, industry-level analysis suggests that that the increase in investment at the firm level translates into an industry-wide effect without crowding-out capital investment of other firms in the same industry.

Governance and Private Investment in the Middle East and North Africa

Download Governance and Private Investment in the Middle East and North Africa PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 : 0530161214
Total Pages : 65 pages
Book Rating : 4.5/5 (31 download)

DOWNLOAD NOW!


Book Synopsis Governance and Private Investment in the Middle East and North Africa by : Ahmet Faruk Aysan

Download or read book Governance and Private Investment in the Middle East and North Africa written by Ahmet Faruk Aysan and published by World Bank Publications. This book was released on 2006 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing literature, the authors categorize what types of governance institutions are more detrimental to entrepreneurial investments. They then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. The empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of "administrative quality" in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for "political stability." Evidence in favor of "public accountability" seems, however, less robust. The estimations also stress that structural reforms-such as financial development and trade openness-and human development affect private investment decisions directly, and/or through their positive impact on governance. These findings bring new empirical evidence on the subject of private investment in the developing world and in MENA countries in particular. "--World Bank web site.

OECD Public Governance Reviews Integrity Framework for Public Investment

Download OECD Public Governance Reviews Integrity Framework for Public Investment PDF Online Free

Author :
Publisher : OECD Publishing
ISBN 13 : 9264251766
Total Pages : 95 pages
Book Rating : 4.2/5 (642 download)

DOWNLOAD NOW!


Book Synopsis OECD Public Governance Reviews Integrity Framework for Public Investment by : OECD

Download or read book OECD Public Governance Reviews Integrity Framework for Public Investment written by OECD and published by OECD Publishing. This book was released on 2016-02-29 with total page 95 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public investment, and particularly infrastructure investment, is important for sustainable economic growth and development as well as public service provision. However, it is also vulnerable to capture and corruption.

Governance and Private Investment in the Middle East and North Africa

Download Governance and Private Investment in the Middle East and North Africa PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 65 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Governance and Private Investment in the Middle East and North Africa by : Ahmet Faruk Aysan

Download or read book Governance and Private Investment in the Middle East and North Africa written by Ahmet Faruk Aysan and published by . This book was released on 2016 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper addresses the issue of the low level of private investment in the Middle East and North Africa (MENA) region, with special emphasis on the role of governance. Based on the existing literature, the authors categorize what types of governance institutions are more detrimental to entrepreneurial investments. They then estimate a simultaneous model of private investment and governance quality where economic policies concurrently explain both variables. The empirical results show that governance plays a significant role in private investment decisions. This result is particularly true in the case of administrative quality in the form of control of corruption, bureaucratic quality, investment-friendly profile of administration, and law and order, as well as for political stability. Evidence in favor of public accountability seems, however, less robust. The estimations also stress that structural reforms - such as financial development and trade openness - and human development affect private investment decisions directly, and/or through their positive impact on governance. These findings bring new empirical evidence on the subject of private investment in the developing world and in MENA countries in particular.

The Impact of Investment Treaties on Governance of Private Investment in Infrastructure

Download The Impact of Investment Treaties on Governance of Private Investment in Infrastructure PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 59 pages
Book Rating : 4.:/5 (914 download)

DOWNLOAD NOW!


Book Synopsis The Impact of Investment Treaties on Governance of Private Investment in Infrastructure by :

Download or read book The Impact of Investment Treaties on Governance of Private Investment in Infrastructure written by and published by . This book was released on 2014 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments are increasingly turning to the private sector to provide the capital, resources and/or know-how necessary for development and operation of infrastructure. In some cases, the involvement by the private sector will trigger coverage by an international investment treaty that overlies, and can override, the domestic law and contract that would otherwise be applicable to the project. This paper discusses the circumstances affecting when an investment treaty will apply and also highlights some of the ways that investment treaties can impact governance of infrastructure development and operation. While focusing on the relationship between investment treaties and investments in infrastructure, this paper is also relevant for the connections between investment treaties and other activities involving investor-state contracts (or quasi-contractual relationships) such as investments in the extractive industries.

Corporate Governance and Capital Flows in a Global Economy

Download Corporate Governance and Capital Flows in a Global Economy PDF Online Free

Author :
Publisher : Oxford University Press, USA
ISBN 13 : 9780195167054
Total Pages : 532 pages
Book Rating : 4.1/5 (67 download)

DOWNLOAD NOW!


Book Synopsis Corporate Governance and Capital Flows in a Global Economy by : Peter Cornelius

Download or read book Corporate Governance and Capital Flows in a Global Economy written by Peter Cornelius and published by Oxford University Press, USA. This book was released on 2003 with total page 532 pages. Available in PDF, EPUB and Kindle. Book excerpt: With global financial markets having become more integrated, the book pays particular attention to the role of corporate governance in emerging-market economies and international capital flows. Rich in facts and ideas, the book is for anyone interested in financial crises, international risk management and global competitiveness.

Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation

Download Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation PDF Online Free

Author :
Publisher : Imperial College Press
ISBN 13 : 1860948499
Total Pages : 424 pages
Book Rating : 4.8/5 (69 download)

DOWNLOAD NOW!


Book Synopsis Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation by : Justin O'Brien

Download or read book Private Equity, Corporate Governance and the Dynamics of Capital Market Regulation written by Justin O'Brien and published by Imperial College Press. This book was released on 2007 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global capital markets are in a state of flux. Castigated in the past as OC Barbarians at the GateOCO, private equity providers are once again proclaiming the end of the public corporation. This important book addresses the implications of private equity for the governance of corporations, the capital markets in which they operate and the professionals who provide corporate advisory services. The book evaluates and ranks the precise nature of the risk posed by private equity by situating it within an overarching analysis of the dynamics of financial capitalism. Key issues addressed include: the management of conflicts of interest, fiduciary duties, the role of enforcement, the efficacy of adopting a rules- or principles-based system of regulation, the form and function of compliance, and a detailed examination of how to embed accountability into an integrity system for the financial markets. The book therefore has enormous benefit for industry, regulatory and academic communities alike. Sample Chapter(s). Introduction: The Dynamics of Capital Market Governance (157 KB). Chapter 1: The Conceptual Underpinnings of Australian Securities Regulation (116 KB). Contents: Introduction: The Dynamics of Capital Market Governance (J O''Brien); The Conceptual Underpinnings of Australian Securities Regulation (M Rodgers); Evolving OCyRules of the GameOCO in Corporate Governance Reform (J Hill); Overlapping Fields and Constructed Legalities: The Endogeneity of Law (L B Edelman); The Significance of Relative Autonomy in How Regulation of the Financial Services Sector Evolves (G Gilligan); ASIC v Citigroup: Investment Banks, Conflicts of Interest, and Chinese Walls (P F Hanrahan); Enforcement of Capital Markets Regulation: The United Kingdom and Its International Markets (I MacNeil); Why Auditors Don''t Find Fraud (N M Hodson); Compliance, Ethics and Responsibility: Emergent Governance Strategies in the US and UK (D McBarnet); Professional Norms (D Cocking); Sarbanes-Oxley and the Search for Accountable Corporate Governance (M J Dubnick); Charting an Icarian Flightpath: The Implications of the Qantas Deal Collapse (J O''Brien); Institutions, Integrity Systems and Market Actors (S Miller). Readership: Postgraduate law and business students; also suitable for general informed market (e.g. investment bankers, compliance professionals, providers of corporate advisory services including lawyers, tax advisors and auditors).

Governance and Investment of Public Pension Assets

Download Governance and Investment of Public Pension Assets PDF Online Free

Author :
Publisher : World Bank Publications
ISBN 13 : 0821384708
Total Pages : 364 pages
Book Rating : 4.8/5 (213 download)

DOWNLOAD NOW!


Book Synopsis Governance and Investment of Public Pension Assets by : Sudhir Rajkumar

Download or read book Governance and Investment of Public Pension Assets written by Sudhir Rajkumar and published by World Bank Publications. This book was released on 2011 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities -- Qualification, selection, and operation of governing bodies -- Operational policies and procedures -- Managing fiscal pressures in defined-benefit schemes -- Policy responses to turbulent financial markets -- Investment of public pension assets -- Defining the investment policy framework for public pension funds -- Managing risk for different cohorts in defined-contribution schemes -- An asset-liability approach to strategic asset allocation for pension funds -- In-house investment versus outsourcing to external investment managers -- International investments and managing the resulting currency risk -- Alternative asset classes and new investment themes.

Bundling Governance

Download Bundling Governance PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.:/5 (13 download)

DOWNLOAD NOW!


Book Synopsis Bundling Governance by : Simplice Asongu

Download or read book Bundling Governance written by Simplice Asongu and published by . This book was released on 2016 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose - The study extends the debate on finance versus institutions in the promotion of investment documented by Acemoglu and Johnson (2005), Ali (2013) and Asongu (2014). We assess the effects of various components of governance on private investment, notably: political, economic and institutional governances. Financial indicators of depth, allocation efficiency, activity and size are used.Design/methodology/approach - An endogeneity robust dynamic system GMM estimation technique is employed. Principal component analysis is also employed to reduce the dimensions of governance variables. The empirical evidence is based on 53 African countries for the period 1996-2010. Findings - The findings provide support for the quality of governance as a better determinant of private investment than financial intermediary development. Moreover, the evidence of finance and governance as substitutes in their impact on investment implies that good governance fuels private investment and this positive impact is stronger in nations with less developed financial systems. This finding is consistent with Ali (2013) and contrary to the results of Asongu (2014c).Practical implication - Policy measures for fighting involuntary and voluntary surplus liquidities are discussed. The paper provides additional support for the need of strengthening governance institutions to promote investment on the one hand and fighting financial allocation inefficiency by mitigating surplus liquidity issues on the other hand. Originality/value - The paper extends the debate on the substitution of finance and institutions in the promotion of private investment.

Time Horizons and Technology Investments

Download Time Horizons and Technology Investments PDF Online Free

Author :
Publisher : National Academies Press
ISBN 13 : 0309046475
Total Pages : 119 pages
Book Rating : 4.3/5 (9 download)

DOWNLOAD NOW!


Book Synopsis Time Horizons and Technology Investments by : National Academy of Engineering

Download or read book Time Horizons and Technology Investments written by National Academy of Engineering and published by National Academies Press. This book was released on 1992-02-01 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is frequently argued that U.S. corporations have shorter time horizons for planning and investment than their Japanese and German competitors. This argument, though widely accepted in studies of U.S. competitiveness, has rarely been examined in depth. Time Horizons and Technology Investments explores the evidence that some U.S. corporations consistently select projects biased toward short-term return and addresses factors influencing the time-related preferences of U.S. corporate managers in selecting projects for investment. It makes recommendations to policymakers and managers about policies to mitigate negative external influences and about strategies to remove internal biases toward noncompetitive decisions.

ESG Investment

Download ESG Investment PDF Online Free

Author :
Publisher : Brookings Institution Press
ISBN 13 : 4899742061
Total Pages : 0 pages
Book Rating : 4.8/5 (997 download)

DOWNLOAD NOW!


Book Synopsis ESG Investment by : Naoko Nemoto

Download or read book ESG Investment written by Naoko Nemoto and published by Brookings Institution Press. This book was released on 2020-02-25 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investors are increasingly integrating environmental, social, and governance (ESG) issues into their investment decisions. Currently, more than half of managed assets in Europe are linked to ESG factors, while in Japan, ESG investment has grown dramatically in recent years. In principle, ESG investment can help to bridge the gap between profit-driven investment and economic and social sustainability in Asia and the Pacific. However, a number of challenges, such as unclear and varied sustainable investment criteria, untested impacts on corporate value and social issues, and the lack of quality data cloud the potential for increasing ESG investment. This book aims to contribute to developing a framework for future analysis and monitoring to ensure the growth of ESG investment.

How do political and governance institutions affect private investment decisions? An application to the Middle East North Africa

Download How do political and governance institutions affect private investment decisions? An application to the Middle East North Africa PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (949 download)

DOWNLOAD NOW!


Book Synopsis How do political and governance institutions affect private investment decisions? An application to the Middle East North Africa by :

Download or read book How do political and governance institutions affect private investment decisions? An application to the Middle East North Africa written by and published by . This book was released on 2007 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: Keywords: Governance, Political Institutions, Private Investment, Middle East and North Africa.

Investment Governance for Fiduciaries

Download Investment Governance for Fiduciaries PDF Online Free

Author :
Publisher : CFA Institute Research Foundation
ISBN 13 : 1944960708
Total Pages : 190 pages
Book Rating : 4.9/5 (449 download)

DOWNLOAD NOW!


Book Synopsis Investment Governance for Fiduciaries by : Michael E. Drew

Download or read book Investment Governance for Fiduciaries written by Michael E. Drew and published by CFA Institute Research Foundation. This book was released on 2019-04-22 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governance is a word that is increasingly heard and read in modern times, be it corporate governance, global governance, or investment governance. Investment governance, the central concern of this modest volume, refers to the effective employment of resources—people, policies, processes, and systems—by an individual or governing body (the fiduciary or agent) seeking to fulfil their fiduciary duty to a principal (or beneficiary) in addressing an underlying investment challenge. Effective investment governance is an enabler of good stewardship, and for this reason it should, in our view, be of interest to all fiduciaries, no matter the size of the pool of assets or the nature of the beneficiaries. To emphasize the importance of effective investment governance and to demonstrate its flexibility across organization type, we consider our investment governance process within three contexts: defined contribution (DC) plans, defined benefit (DB) plans, and endowments and foundations (E&Fs). Since the financial crisis of 2007–2008, the financial sector’s place in the economy and its methods and ethics have (rightly, in many cases) been under scrutiny. Coupled with this theme, the task of investment governance is of increasing importance due to the sheer weight of money, the retirement savings gap, demographic trends, regulation and activism, and rising standards of behavior based on higher expectations from those fiduciaries serve. These trends are at the same time related and self-reinforcing. Having explored the why of investment governance, we dedicate the remainder of the book to the question of how to bring it to bear as an essential component of good fiduciary practice. At this point, the reader might expect investment professionals to launch into a discussion about an investment process focused on the best way to capture returns. We resist this temptation. Instead, we contend that achieving outcomes on behalf of beneficiaries is as much about managing risks as it is about capturing returns—and we mean “risks” broadly construed, not just fluctuations in asset values.

Mastering the Risky Business of Public-Private Partnerships in Infrastructure

Download Mastering the Risky Business of Public-Private Partnerships in Infrastructure PDF Online Free

Author :
Publisher : International Monetary Fund
ISBN 13 : 1513576569
Total Pages : 61 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!


Book Synopsis Mastering the Risky Business of Public-Private Partnerships in Infrastructure by : Manal Fouad

Download or read book Mastering the Risky Business of Public-Private Partnerships in Infrastructure written by Manal Fouad and published by International Monetary Fund. This book was released on 2021-05-10 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: Investment in infrastructure can be a driving force of the economic recovery in the aftermath of the COVID-19 pandemic in the context of shrinking fiscal space. Public-private partnerships (PPP) bring a promise of efficiency when carefully designed and managed, to avoid creating unnecessary fiscal risks. But fiscal illusions prevent an understanding the sources of fiscal risks, which arise in all infrastructure projects, and that in PPPs present specific characteristics that need to be addressed. PPP contracts are also affected by implicit fiscal risks when they are poorly designed, particularly when a government signs a PPP contract for a project with no financial sustainability. This paper reviews the advantages and inconveniences of PPPs, discusses the fiscal illusions affecting them, identifies a diversity of fiscal risks, and presents the essentials of PPP fiscal risk management.

OECD Public Governance Reviews Trust and Public Policy How Better Governance Can Help Rebuild Public Trust

Download OECD Public Governance Reviews Trust and Public Policy How Better Governance Can Help Rebuild Public Trust PDF Online Free

Author :
Publisher : OECD Publishing
ISBN 13 : 9264268928
Total Pages : 162 pages
Book Rating : 4.2/5 (642 download)

DOWNLOAD NOW!


Book Synopsis OECD Public Governance Reviews Trust and Public Policy How Better Governance Can Help Rebuild Public Trust by : OECD

Download or read book OECD Public Governance Reviews Trust and Public Policy How Better Governance Can Help Rebuild Public Trust written by OECD and published by OECD Publishing. This book was released on 2017-03-27 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report examines the influence of trust on policy making and explores some of the steps governments can take to strengthen public trust.