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Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market actors, raise a number of issues with regard to finance, politics, regulation, and international business. This handbook draws together the growing but fragmented research on SWFs.
List of contents
- Preface
- Part I. Size and Governance of Sovereign Wealth Funds
- 1: Douglas Cumming, Igor Filatotchev, Juliane Reinecke, Geoffrey Wood: Introducing Sovereign Wealth Funds
- 2: Veljko Fotak, Xuechen Gao, William L. Megginson: A Financial Force to be Reckoned With? An Overview of Sovereign Wealth Funds
- 3: Peter Bruce-Clark and Ashby H.B. Monk: Sovereign Development Funds: The Governance and Management of Strategic Investment Institutions
- 4: Daniel Haberly: From Financialization to Vulture Developmentalism: South-North Strategic Sovereign Wealth Fund Investment and the Politics of the 'Quadruple Bottom Line'
- 5: Jedrzej George Frynas: Sovereign Wealth Funds and the Resource Curse: Resource Funds and Governance in Resource-rich Countries
- Part II: Political and Legal Aspects of Sovereign Wealth Funds
- 6: Gordon Clark and Adam Dixon: Sovereign Wealth Funds and the Global Political Economy of Trust and Legitimacy
- 7: Paul Rose: Sovereign Funds and Domestic Political Risk
- 8: Kathryn C. Lavelle: Sovereign Wealth Funds and Foreign Policy
- 9: Salar Ghahramani: Sovereign Wealth and the Extraterritorial Manipulation of Corporate Conduct: A Multifaceted Paradigm in Transnational Law
- Part III: Investment Choices and Structures of Sovereign Wealth Funds
- 10: Mike Wright and Kevin Amess: Sovereign Wealth Funds and Private Equity
- 11: Fabio Bertroni and Stefano Lugo: The Use of Debt by Sovereign Wealth Fund
- 12: April Knill and Nathan Mauck: Sovereign Wealth Fund Investment and Firm Volatility
- 13: Nuno Fernandes: Sovereign Wealth Funds: Investment Choices and Implications around the World
- 14: Christopher Balding and Kevin Chastagner: The China Investment Corporation: From Inception to Sideline
- 15: Jing Li: Investment Contractual Terms and Level of Control of China's Sovereign Wealth Fund in its Portfolio Firms
- 16: Di Wang: Strangers Are Not All Danger: SWF Investment in the Energy Industry
- Part IV: Country and Regional Analysis of Sovereign Wealth Funds
- 17: Geoffrey Wood, Noel O'Sullivan, Marc Goergen and Marijana Baric: The Norwegian Government Pension Fund-Global and the Implications of its Activities for Stakeholders
- 18: Sophie Béreaua, Jean-Yves Gnabo , Malik Kerkourb, Hélène Raymond: Sovereign Wealth Fund Investments and Industry Performance: Evidence from Europe
- 19: Javier Capapé, Ruth V. Aguilera, and Javier Santiso: Spain and Sovereign Wealth Funds: Four Strategic Governance Types
- 20: Piotr Wisniewski: Sovereign Wealth Funds in Central and Eastern Europe (CEE)
- 21: Gawdat Bahgat: Sovereign Wealth Funds in the Persian Gulf States
- 22: Xu Yi-Chong: The Australian Future Fund
- 23: Eric Parrado: Is it possible to avoid the St. Augustine Syndrome of fiscal procrastination? The Case of Chile
About the author
Douglas Cumming, J.D., Ph.D., CFA, is a 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. . 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. Douglas was recognized in 2015 as a Research Leader by York University in 2015 and was the recipient of the Schulich School of Business Research Award in 2015.
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 sixteen books, and over one hundred and fifty articles in peer-reviewed journals. He holds honorary positions at Griffith and Monash University in Australia, and Witwatersrand and Nelson Mandela Universities in South Africa. Geoff's research interests centre on the relationship between institutional setting, corporate governance, firm finance, and firm level work and employment relations. Geoffrey Wood 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.
Summary
Sovereign Wealth Funds have become increasingly powerful and influential investors. Their increasing role, and unusual character as both political and market actors, raise a number of issues with regard to finance, politics, regulation, and international business. This handbook draws together the growing but fragmented research on SWFs.
