- 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
Sovereign wealth funds (SWFs) represent not only an increasingly prominent player in the alternative investor ecosystem, but also a novel mechanism through which governments may project their power, and serve geopolitical and strategic interests abroad. There is a body of existing literature that suggests that the directly observable political effects of SWF activity are very limited. However, the ability of national governments to dispense, withdraw or withhold capital represents an important dimension of soft power abroad, and there is considerable evidence that the indirect effects of SWF investments may have considerable wider political, social, and economic effects, as outlined in the various chapters in this book. The growing body of evidence on the consequences of SWF activities highlight the need to develop and extend existing theories of institutions and the state, and the role of alternative investors as transnational actors.
Douglas Cumming, PhD is Professor of Finance and Entrepreneurship and the Ontario Research Chair at the Schulich School of Business, York University. His research covers topics ranging from crowdfunding, securities regulation, stock exchange trading rules, mutual funds, hedge funds, venture capital, private equity, and sovereign wealth funds. Douglas has published over 140 articles in leading refereed academic journals in finance, management, and law and economics, such as the Academy of Management Journal, ↵Journal of Financial Economics, Review of Financial Studies, Journal of International Business Studies, and Journal of Empirical Legal Studies. He is the Founding Editor of Annals of Corporate Governance, and Co-Editor of Finance Research Letters, and Entrepreneurship Theory and Practice, and has been a guest editor for 12 special issues of top journals, including Corporate Governance: An International Review, Journal of International Business Studies, Journal of Corporate Finance, Journal of Business Ethics, among others. Douglas was recognized in 2015 as a Research Leader by York University and was a recipient of the Schulich School of Business Research Award in 2015. He is the co-author of Venture Capital and Private Equity Contracting (Elsevier Academic Press, Second edition, 2013), and Hedge Fund Structure, Regulation and Performance around the World (Oxford University Press, 2013). He is the Editor of The Oxford Handbook of Entrepreneurial Finance (Oxford University Press, 2013), The Oxford Handbook of Private Equity (Oxford University Press, 2013), and The Oxford Handbook of Venture Capital (Oxford University Press, 2013). Douglas’ work has been reviewed in numerous media outlets, including The Economist, The Wall Street Journal, The New York Times, Canadian Business, the National Post, and The New Yorker.
Igor Filatotchev is Professor of Corporate Governance and Strategy at King’s Business School, King’s College London, and Visiting Professor at Vienna University of Economics and Business. He earned his PhD in Economics from the Institute of World Economy and International Relations (Moscow, the Russian Federation). His research interests are focused on corporate governance effects on entrepreneurship and strategic decisions; sociology of capital markets. He has published more than 130 refereed ↵academic papers, in addition to numerous books and book chapters, in the fields of corporate governance, entrepreneurship and strategy, including publications in Academy of Management Journal, Academy of Management Perspectives, Strategic Management Journal, Journal of International Business Studies, Organization Science, Journal of Management and Journal of Corporate Finance. Most recently he co-edited The Oxford Handbook of Corporate Governance (Oxford University Press, 2013). He is a General Editor of Journal of Management Studies.
Juliane Reinecke is Professor of International Management and Sustainability at King’s Business School, King’s College London, Visiting Professor at the University of Gothenburg, and member of the Industrial Relations Research Unit and the Global Research Priority in Global Governance (GRP–GG), University of Warwick. She is also Research Fellow at the Center for Social Innovation, Judge Business School, University of Cambridge, Fellow at the Cambridge Institute for Sustainability Leadership (CISL), University of Cambridge, and Fellow at the World Class Research Environment Responsible Business, Copenhagen Business School. She holds a PhD from the Judge Business School, University of Cambridge.
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.
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