Institutional Investment in Central and Eastern Europe: Investment Criteria of Western Portfolio Managers

Köke, F. Jens

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URN: urn:nbn:de:bsz:180-madoc-6072
Document Type: Working paper
Year of publication: 1999
The title of a journal, publication series: None
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: G11 G23 O10 ,
Subject headings (SWD): Mitteleuropa , Osteuropa , Portfolio-Investition , Makroökonomie
Abstract: This study provides detailed evidence on the recent transition state of Central and Eastern Europe (CEE) countries. It draws on data from a survey conducted among portfolio managers of Western investment funds thereby making use of the knowledge of experts in CEE markets. The approach of the study is two-fold: First, criteria for portfolio investment and current barriers to higher investment in CEE coumtries are identified. Second, the CEE portfolio structure is explained making use of detailed grading data from the survey. The results suggest that a reduction in general and macroeconomic risk temds to increase investment and that the potential of high returns and low risk from the setting of financial markets contributes to significantly higher investment in some countries.
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Das Dokument wird vom Publikationsserver der Universitätsbibliothek Mannheim bereitgestellt.

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