This book thoroughly introduces private equity into the financial development and investment debate through the Latin American lense. The author looks at the case studies of Argentina, Brazil, Chile, Colombia, and Mexico. While financial underdevelopment is a key bottleneck for private sector development in Latin America, there is still not a large amount of literature on capital markets, equity, business association, politics of regulatory reform, and corporate governance reform in this diverse region. The cutting-edge book seeks to prompt a shift in the discussion on financial development from institutional explanations focused only on rules—democracy and investor protections—to actor-based arguments centered on the role of institutional investors, in particular pension funds in Latin America.weiterlesen