Abstract
A contribution to exhaustive taxonomy of patient investors highlights the differences in the level of patience according to different variables. This approach is based on the pillars of patient capital in the literature, specifically the work of Deeg and Hardie (Socio-Economic Review 14: 627–645, 2016), which provides a taxonomy on patient capital suppliers, highlighting the attitudes to be committed (loyalty and engagement). The authors propose a new taxonomy building, following behavioural aspects that influence the motivation to invest, including time preference, risk-opportunity and expected returns. Also considered is the position of State Investment Banks (SIBs) (Mertens and Thiemann in Journal of European Public Policy, 2017) which, contrary to their role in development and societal challenges for sustainable growth (Griffith-Jones and Tyson in The European Investment Bank: Lesson for developing countries, 2013) have not received scholarly attention.
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Notes
- 1.
Attitude is the propensity or otherwise of someone for or against a type of social object or social action (Guilford 1959).
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Rainero, C., Modarelli, G. (2019). Patient Investors Taxonomy: A Behavioral Approach. In: De Vincentiis, P., Culasso, F., Cerrato, S. (eds) The Future of Risk Management, Volume II. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-16526-0_7
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