Journal of the Korean Society of Industry Convergence (한국산업융합학회 논문집)
- Volume 7 Issue 4
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- Pages.363-368
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- 2004
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- 1226-833X(pISSN)
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- 2765-5415(eISSN)
Expected Roles of the Korean Institutional Investors for listed S&M sized firms in the KSE
상장중소기업의 직접금융 활성화를 위한 기관투자가 역할
- Jun, Yang-jin (Div. of E-biz. Yeungnam college of Science & Tech)
- 전양진 (영남이공대학 인터넷비즈니스과)
- Received : 2004.05.08
- Accepted : 2004.11.18
- Published : 2004.11.30
Abstract
The stocks of listed S&M sized firms in the KoreaStock Exchange(KSE) have been neglected to investors for long time in site of their good performences. The word "Neglected" means that the stocks of listed S&M sized firms in the KSE have fail to acquried liquidity. In the result, Listed S&M sized firms in the KSE have not financed equity by issuing stocks timely in the primary market. This problem has resulted in poor investment to their listed S&M sized firms in the KSE. The possible key to sovlve this problem is in the Institutional Investors, especially to the Pension fund. Korean Institutional Investors have lost their basic roles, that is, final supports to prevent the markets not to demolish. The Acts prventing Pension to invest to the stocks is to change to allowing to invest them in soon. this opportunity is good chance to solve the problems of poor liquidity of stocks of listed S&M sized firms in the KSE.