Chains of finance: How investment management is shaped. Diane-Laure Arjalies, Philip Grant, Iain Hardie, Donald MacKenzie and Ekaterina Svetlova.
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The finance literature is inundated with research that empirically examines financial institutions and the broader capital markets in which they operate. Yet, despite the amount of assets that the investment management industry manages, and the impact that it has on the financial ecosystem as a whole, there has been very little policy oriented research in this area. Chains of Finance: How Investment Management is Shaped comes at an opportune time and attempts to address this gap by exploring the nuances and the inner workings of the investment management industry. The central argument of the book is that investment management should be understood as a chain that links savers (individuals, companies, government) of capital with corporations and governments that sell financial instruments.