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, doi: 10.1111/j.1467-8446.2012.00357.x.

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Title The development of the institutional investor : the case of Australian life insurers 1945-85
Author(s) Keneley, MonicaORCID iD for 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 0004-8992
Keyword(s) debt markets
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
DOI 10.1111/j.1467-8446.2012.00357.x
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

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

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