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Long-term investment in infrastructure and the demand for benchmarks

Frédéric Blanc-Brude

JASSA: The Finsia Journal of Applied Finance2014article
ABDC B
Weight
0.36

Abstract

In this paper, we argue that long-term investment in thinly traded assets like infrastructure projects increases investors' demand for investment performance monitoring, which also increases the need for new performance measurement tools. Long-term investment benchmarks are critical in order to match the supply and demand of long-term capital, improve asset allocation outcomes for investors and support the development of the economy. We highlight significant methodological challenges to the development of performance measures that are both useful to long-term investors and prudential regulators, and consistent with modern asset pricing theory, and we propose several directions for new research.

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Cite this paper

@article{frédéric2014,
  title        = {{Long-term investment in infrastructure and the demand for benchmarks}},
  author       = {Frédéric Blanc-Brude},
  journal      = {JASSA: The Finsia Journal of Applied Finance},
  year         = {2014},
}

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Long-term investment in infrastructure and the demand for benchmarks

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Evidence weight

0.36

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.26 × 0.4 = 0.11
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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