- The Oxford Handbook of Sovereign Wealth Funds
- List of Figures
- List of Boxes
- List of Tables
- About the Contributors
- Introducing Sovereign Wealth Funds
- A Financial Force to be Reckoned With?: An Overview of Sovereign Wealth Funds
- Sovereign Development Funds: The Governance and Management of Strategic Investment Institutions
- From Financialization to Vulture Developmentalism: South-North Strategic Sovereign Wealth Fund Investment and the Politics of the “Quadruple Bottom Line”
- Sovereign Wealth Funds and the Resource Curse: Resource Funds and Governance in Resource-Rich Countries
- Sovereign Wealth Funds and the Global Political Economy of Trust and Legitimacy
- Sovereign Wealth Funds and Domestic Political Risk
- Sovereign Wealth Funds and Foreign Policy
- Sovereign Wealth and the Extraterritorial Manipulation of Corporate Conduct: A Multifaceted Paradigm in Transnational Law
- Sovereign Wealth Funds and Private Equity
- Co-Investments of Sovereign Wealth Funds in Private Equity
- The Use of Debt by Sovereign Wealth Funds
- Sovereign Wealth Fund Investment and Firm Volatility
- Sovereign Wealth Funds: Investment Choices and Implications Around the World
- The China Investment Corporation: From Inception to Sideline
- Investment Terms and Level of Control of China’s Sovereign Wealth Fund in its Portfolio Firms
- Strangers Are Not All Danger: Sovereign Wealth Fund Investment in the Energy Industry
- The Norwegian Government Pension Fund Global and the Implications of its Activities for Stakeholders
- Sovereign Wealth Fund Investments and Industry Performance: Evidence from Europe
- Spain and Sovereign Wealth Funds: Four Strategic Governance Types
- Sovereign Wealth Funds in Central and Eastern Europe
- Sovereign Wealth Funds in the Persian Gulf States
- The Australian Future Fund
- Is it Possible to Avoid the St Augustine Syndrome of Fiscal Procrastination?: The Case of Chile
Abstract and Keywords
The chapter discusses the role and impact of the Norwegian Government Pension Fund Global (NGPFG) (which has some $873 billion of assets), explaining its objectives, its characteristics and also providing some details of the extent of its investments, specifically investments in firm equity. It discusses the NGPFG’s behavior as a shareholder that seeks to influence corporate behavior from within, the high levels of transparency exhibited and the ethical standards expected from the NGPFG and its role in the broader scheme of international politics/relations. The chapter concludes with thoughts for further research on the NGPFG and its activities.
Geoffrey Wood is Dean and Professor of International Business at Essex Business School. Previously he was Professor of International Business at Warwick Business ↵School, UK. He has authored/co-authored/edited 16 books, and over 150 articles in peer-reviewed journals. Previously he was Professor of International Business at Warwick Business School, UK. He holds honorary positions at Griffith and Monash Universities in Australia, and Witwatersrand and Nelson Mandela Universities in South Africa. His research interests center on the relationship between institutional setting, corporate governance, firm finance, and firm level work and employment relations. Geoffrey is Editor in Chief of the British Journal of Management, the official journal of the British Academy of Management (BAM). He also serves on the BAM. Council. He is also Editor of the ABS Journal Ranking list. He has had numerous research grants, including funding councils (e.g. ESRC), government departments (e.g. US Department of Labor; UK Department of Works and Pensions), charities (e.g. Nuffield Foundation), the labor movement (e.g. the ITF) and the European Union.
Noel O’Sullivan is Professor of Accounting at the School of Business and Economics, Loughborough University. His main research interest is corporate governance, including boards of directors, the market for non-executives, mergers and acquisitions, private equity, sovereign wealth funds, and various aspects of auditing. His research has been published in leading journals such as the British Journal of Management, Human Resource Management Journal, International Journal of Management Reviews, Accounting and Business Research, British Accounting Review, European Economic Review, among others.
Marc Goergen holds a Chair in Finance at Cardiff Business School, Cardiff University. His previous appointments include various positions at UMIST and the Universities of Manchester, Reading, and Sheffield. He is a Research Associate of the European Corporate Governance Institute (ECGI). His research interests are in corporate governance and corporate finance, including boards of directors, dividend policy, mergers and acquisitions, initial public offerings, and private equity. He has published extensively, including in the Journal of Finance, Journal of Corporate Finance and Journal of Financial Intermediation. He has also written four books on corporate governance, including a textbook.
Marijana Baric is Lecturer in Organizational Behaviour and Human Resource Management at the University of Buckingham. Broadly, she is interested in social exchange theory and how it can be reconceptualized and used to study a variety of work-based and social situations. Although her work focuses mainly on undeclared work and policy, she is also interested in many aspects of organizational behavior and HRM research. Marijana has been involved in research funded by the European Foundation for the Improvement of Living and Working Conditions as well as Marie Curie Industry-Academic Partnerships and Pathways.
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