TY - JOUR
T1 - Back to government ownership
T2 - The Sovereign Wealth Funds phenomenon
AU - Grira, Jocelyn
N1 - Publisher Copyright:
© 2019 Elsevier Inc.
PY - 2020/5
Y1 - 2020/5
N2 - 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.
AB - 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.
KW - Government ownership
KW - Regulation
KW - Reverse-Privatization
KW - Sovereign Wealth Funds
UR - http://www.scopus.com/inward/record.url?scp=85069925293&partnerID=8YFLogxK
U2 - 10.1016/j.frl.2019.07.018
DO - 10.1016/j.frl.2019.07.018
M3 - Journal Article
AN - SCOPUS:85069925293
SN - 1544-6123
VL - 34
JO - Finance Research Letters
JF - Finance Research Letters
M1 - 101245
ER -