"Sovereign Wealth Funds, Internationalization and .. (SWF)
"Sovereign Wealth Funds, Internationalization and Political Connection"
(SWF)
Start date: Oct 1, 2010,
End date: Sep 30, 2012
PROJECT
FINISHED
"This proposal initiates research on the financial and corporate impact of Sovereign Wealth Fund investments in Europe and North America. SWFs are already large and active market players, thus of interest to regulators, economists and stakeholders of firms. Questions about their roles as investors need to be addressed and clarified. In this proposal, the researcher aims to study effects of SWFs as large, foreign, and politically connected shareholders. More specifically he asks: 1. Are SWF passive investors or activists shareholders that monitor and discipline managers? 2. What kind of companies do SWFs target as large shareholders? 3. What are the purposes of their transactions? 4. What is the market's reaction to SWF investments as large shareholders? 5. Do SWF affect firm value and how: internationalization and political connections? 6. How do SWF’s investments affect the welfare of other stakeholders (employees, creditors and bondholders)?"
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