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The development of the institutional investor : the case of Australian life insurers 1945-85

Keneley, Monica 2012, The development of the institutional investor : the case of Australian life insurers 1945-85, Australian economic history review, vol. 52, no. 3, pp. 270-292.

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Title The development of the institutional investor : the case of Australian life insurers 1945-85
Author(s) Keneley, Monica
Journal name Australian economic history review
Volume number 52
Issue number 3
Start page 270
End page 292
Total pages 23
Publisher Wiley
Place of publication Richmond, Vic.
Publication date 2012-11
ISSN 1467-8446
0004-8992
Keyword(s) debt markets
routines
knowledge pathways
life insurance
insitutional investment
equity markets
Summary This paper considers the post-war development of asset management practices among Australian life insurers, which have historically been among the largest institutional investors in Australia. A complex process of adaptation and organisational restructuring allowed life insurers to transform from basic investors of policy-holders’ funds to large multifaceted institutional investors in just three decades. Three stages in the development of investment practices are identified. These phases trace the process of expanding existing knowledge bases; diversification; and the acquisition of new skills; consolidation and the integration of these skills into institutional structures; thus completing one cycle of organisational learning and setting the stage for the next.
Language eng
Field of Research 140209 Industry Economics and Industrial Organisation
150204 Insurance Studies
Socio Economic Objective 910203 Industrial Organisations
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
HERDC collection year 2012
Persistent URL http://hdl.handle.net/10536/DRO/DU:30049757

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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Created: Thu, 06 Dec 2012, 14:56:37 EST by Beatrice Fitzgerald