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Abstract In this paper, we discuss the sovereign wealth fund (SWF) phenomenon from a government ownership point of view. We emphasize on the contrast between the soft budget constraint view… Click to show full abstract
Abstract In this paper, we discuss the sovereign wealth fund (SWF) phenomenon from a government ownership point of view. We emphasize on the contrast between the soft budget constraint view and the political view, and attempt to bridge the gap in the SWF literature in this regard. We also present the current regulatory challenges and contribute to the on-going debate related to SWFs’ investment motives. We conclude by shedding some light on future research avenues.
Keywords:
ownership sovereign;
sovereign wealth;
government ownership;
back government
Journal Title: Finance Research Letters
Year Published: 2020
Link to full text (if available)
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Journal Title: Finance Research Letters
Year Published: 2020
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!