Back to government ownership: The Sovereign Wealth Funds phenomenon

Jocelyn Grira

doi:10.1016/j.frl.2019.07.018

Back to government ownership: The Sovereign Wealth Funds phenomenon

Jocelyn Grira

Faculty of Business

Research output: Contribution to journal › Journal Article › peer-review

14 Citations (Scopus)

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.

Original language	English
Article number	101245
Journal	Finance Research Letters
Volume	34
DOIs	https://doi.org/10.1016/j.frl.2019.07.018
Publication status	Published - May 2020

Keywords

Government ownership
Regulation
Reverse-Privatization
Sovereign Wealth Funds

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10.1016/j.frl.2019.07.018

Cite this

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title = "Back to government ownership: The Sovereign Wealth Funds phenomenon",

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{\textquoteright} investment motives. We conclude by shedding some light on future research avenues.",

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author = "Jocelyn Grira",

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AU - Grira, Jocelyn

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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 - https://www.scopus.com/pages/publications/85069925293

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 -

Back to government ownership: The Sovereign Wealth Funds phenomenon

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Keywords

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