Financial intermediation and innovation: linking international agents and local investors
Abstract The purpose of this paper is to analyze the financial intermediation market practiced by Autonomous Investment Agents (AIAs) and to identify links between large international asset managers and investors from inland regions of the country. The research is linked to studies of economic socio...
| Main Authors: | , , |
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| Format: | Article |
| Language: | Portuguese |
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Universidade Federal de São Carlos
2022-12-01
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| Series: | Gestão & Produção |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0104-530X2022000100237&tlng=en |
| _version_ | 1828091623863484416 |
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| author | Martin Mundo Neto Júlio Cesar Donadone Paulo Victor Bernardo Ferreira Alves |
| author_facet | Martin Mundo Neto Júlio Cesar Donadone Paulo Victor Bernardo Ferreira Alves |
| author_sort | Martin Mundo Neto |
| collection | DOAJ |
| description | Abstract The purpose of this paper is to analyze the financial intermediation market practiced by Autonomous Investment Agents (AIAs) and to identify links between large international asset managers and investors from inland regions of the country. The research is linked to studies of economic sociology and finance that deal with financialization, a process in which financial groups have organized economies and explored innovations such as Exchange Traded Funds – ETFs, contributed to the expansion of asset loans and stock buyback programs, leading to implications for companies and societies. This is an exploratory study that combines historical perspectives, documental analysis, content analysis and a case study. Interviews were conducted with representatives of AIAs companies and the Brazilian Association of Autonomous Investment Agents (ABAAI in Portuguese). In inland municipalities, AIAs aim to reach local elites, "private" customers of traditional banks, expanding the provision of financial services on digital platforms. Considering the proposal to offer Financial Education to clients, AIAs spread the dominant financial culture and innovations such as ETFs. Professionals and AIAs offices in the inland municipalities complement the necessary resources to AIAs companies and partner brokers to access these markets. |
| first_indexed | 2024-04-11T06:15:55Z |
| format | Article |
| id | doaj.art-0a109d8a10b748149071d49df146e371 |
| institution | Directory Open Access Journal |
| issn | 1806-9649 |
| language | Portuguese |
| last_indexed | 2024-04-11T06:15:55Z |
| publishDate | 2022-12-01 |
| publisher | Universidade Federal de São Carlos |
| record_format | Article |
| series | Gestão & Produção |
| spelling | doaj.art-0a109d8a10b748149071d49df146e3712022-12-22T04:41:03ZporUniversidade Federal de São CarlosGestão & Produção1806-96492022-12-012910.1590/1806-9649-2022v29e3622Financial intermediation and innovation: linking international agents and local investorsMartin Mundo Netohttps://orcid.org/0000-0002-7010-8274Júlio Cesar Donadonehttps://orcid.org/0000-0002-2129-0129Paulo Victor Bernardo Ferreira Alveshttps://orcid.org/0000-0003-4345-7863Abstract The purpose of this paper is to analyze the financial intermediation market practiced by Autonomous Investment Agents (AIAs) and to identify links between large international asset managers and investors from inland regions of the country. The research is linked to studies of economic sociology and finance that deal with financialization, a process in which financial groups have organized economies and explored innovations such as Exchange Traded Funds – ETFs, contributed to the expansion of asset loans and stock buyback programs, leading to implications for companies and societies. This is an exploratory study that combines historical perspectives, documental analysis, content analysis and a case study. Interviews were conducted with representatives of AIAs companies and the Brazilian Association of Autonomous Investment Agents (ABAAI in Portuguese). In inland municipalities, AIAs aim to reach local elites, "private" customers of traditional banks, expanding the provision of financial services on digital platforms. Considering the proposal to offer Financial Education to clients, AIAs spread the dominant financial culture and innovations such as ETFs. Professionals and AIAs offices in the inland municipalities complement the necessary resources to AIAs companies and partner brokers to access these markets.http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0104-530X2022000100237&tlng=enFinancial adviceFinancial educationStockbrokersFinancializationEconomic sociology |
| spellingShingle | Martin Mundo Neto Júlio Cesar Donadone Paulo Victor Bernardo Ferreira Alves Financial intermediation and innovation: linking international agents and local investors Gestão & Produção Financial advice Financial education Stockbrokers Financialization Economic sociology |
| title | Financial intermediation and innovation: linking international agents and local investors |
| title_full | Financial intermediation and innovation: linking international agents and local investors |
| title_fullStr | Financial intermediation and innovation: linking international agents and local investors |
| title_full_unstemmed | Financial intermediation and innovation: linking international agents and local investors |
| title_short | Financial intermediation and innovation: linking international agents and local investors |
| title_sort | financial intermediation and innovation linking international agents and local investors |
| topic | Financial advice Financial education Stockbrokers Financialization Economic sociology |
| url | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0104-530X2022000100237&tlng=en |
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