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The prospect of prolonged lower hydrocarbon and commodity prices has forced many countries to reconsider both fiscal policy and sovereign wealth fund asset allocation to address possible liquidity needs. In order to analyze the diversity and effectiveness of public investment vehicles it is...
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We use a difference-in-differences approach, and find that, on average, SWF investments are negatively related to target firms’ corporate governance. This impact holds for small SWF cross-border equity investments only, and is stronger for firms that are weakly governed and for those located...
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-owned investments, funded by commodity exports, foreign exchange reserves, or other national assets, are adaptable to the challenges …
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Foreign institutional investors have become significant players in the increasingly global financial markets. I examine … determinants of their investment, both in the domestic and foreign markets, and their importance in promoting good corporate … effect of foreign investment activity is limited. Institutional investors' systematic preference for stocks of large, well …
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Warum haben internationale Finanzinvestoren Deutschland als Markt entdeckt? Welche Strategien verfolgen sie mit dem …
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