Knill, April; Lee, Bong-Soo; Mauck, Nathan - In: Journal of Corporate Finance 18 (2012) 1, pp. 108-123
We examine the role of bilateral political relations in sovereign wealth fund (SWF) investment decisions. Our empirical results suggest that political relations play a role in SWF decision making. Contrary to predictions based on the FDI and political relations literature, we find that relative...