Bortolotti, Bernardo; Fotak, Veljko; Megginson, William L. - 2009
We examine 802 investments by 33 Sovereign Wealth Funds (SWFs) in publicly traded companies between May 1985 and … benchmarks and event study methodologies. We examine whether sovereign funds acquire representation on the boards of directors of … 355 target firms in the years after initial investment; funds acquire seats in only 53 companies, or in only 14.9% of all …