Harvey, Bolton, Samama, Wilse-Samson & Li: Global Public Goods and Investment Obstacles | A Survey of the Long-Term Institutional Perceptions

ABSTRACT:

In an era of globalized governance, long-term investors are one of several actors who can provide global public goods.  It is thus important to understand what factors constrain cross-border investments, and whether long-term investing is associated with long-term public policy objectives.  To begin answering these questions, funds traditionally associated with long-term investing were surveyed.  Results indicate that foreign policy factors were most likely to decrease cross-border investment, and long-term investing was associated with intergenerational objectives.  These findings emphasize the importance of creating a facilitative policy environment and suggests that long-term investors can contribute to the provision of global public goods.

 

This is a very important piece of research.  Available for download here.

Advertisements