Montagne Sabine, 2009, « Short-Termism as a Rule : the Effects of Portfolio Management Delegation », Revue d'Economie Financire, Association d'Economie Financire, vol. hors srie 2009, Paris.

    Because of their governance, investors are not able to develop long term investment policies. While they have been outsourcing investment decision making to asset management firms and evaluation to intermediaries (consulting firms and credit rating agencies), they have contributed to the creation of markets of providers which are dominated by the logic of short term profit. The dictates of performances comparison and competition have fostered evaluation of providers through synthetic indexes. These provide an abstract representation of economic activity that hinders alternative representations, specific to long term investors. These various practises have been institutionalized into legitimate norms hard to be challenged.

(site web
Franais | English


SSFA: plus ici|more here

[2017] Papier de recherche SSFA 2017, 1 Anne EA van der Graaf : "The uncontrollability of independent risks" ...: plus ici|more here

[Sminaire 17-18] Jeudi 8 fvrier 2018, CNAM, salle 31.287, 17h-19h30 o   Antoine Souchaud (doctorant en finance, ESCP) : Construction collective d’une éthique ...: plus ici|more here

[Une association] Assemble Gnrale du 14 dcembre 2017 ...: plus ici|more here

[Cahiers de SSFA] Cahiers de SSFA, n5, automne 2017 ...: plus ici|more here

[Publications] Lenglet (Marc), Coder, dcoder, recoder ? Ordres normatifs et enjeux de la rgulation financire lre du trading algorithmique ,: plus ici|more here


[Fil rss]

[V. 0.93]

Association Loi 1901


clics / mois.