The Oxford Handbook of Sovereign Wealth Funds

by Cumming, Douglas J.; Wood, Geoffrey; Filatotchev, Igor; Reinecke, Juliane

• ISBN13: 9780198754800
• ISBN10: 0198754809
• Format: Hardcover
• Copyright: 2018-01-13
• Publisher: Oxford University Press

Author Biography

Douglas Cumming, J.D., Ph.D., CFA, is a Professor of Finance and Entrepreneurship and the Ontario Research Chair at the Schulich School of Business, York University. His research covers topics ranging from crowdfunding, securities regulation, stock exchange trading rules, mutual funds, hedge funds, venture capital, private equity, and sovereign wealth funds. He is the Founding Editor of Annals of Corporate Governance, and Co-Editor of Finance Research Letters, and Entrepreneurship Theory and Practice, and has been a guest editor for 12 special issues of top journals. Douglas was recognized in 2015 as a Research Leader by York University in 2015 and was the recipient of the Schulich School of Business Research Award in 2015.
Geoffrey Wood is Dean and Professor of International Business, at Essex Business School. Previously he was Professor of International Business at Warwick Business School, UK. He has authored/co-authored/edited sixteen books, and over one hundred and fifty articles in peer-reviewed journals. He holds honorary positions at Griffith and Monash University in Australia, and Witwatersrand and Nelson Mandela Universities in South Africa. Geoff's research interests centre on the relationship between institutional setting, corporate governance, firm finance, and firm level work and employment relations. Geoffrey Wood is Editor in Chief of the British Journal of Management, the Official Journal of the British Academy of Management (BAM). He also serves on the BAM Council. He is also editor of the ABS Journal Ranking list.

Table of Contents

Preface, Douglas Cumming, Igor Filatotchev, Juliane Reinecke, Geoffrey Wood
Part I. Size and Governance of Sovereign Wealth Funds
1. Introducing Sovereign Wealth Funds, Douglas Cumming, Igor Filatotchev, Juliane Reinecke, Geoffrey Wood
2. A Financial Force to be Reckoned With? An Overview of Sovereign Wealth Funds, Veljko Fotak, Xuechen Gao, William L. Megginson
3. Sovereign Development Funds: The Governance and Management of Strategic Investment Institutions, Peter Bruce-Clark and Ashby H.B. Monk
4. From Financialization to Vulture Developmentalism: South-North Strategic Sovereign Wealth Fund Investment and the Politics of the 'Quadruple Bottom Line', Daniel Haberly
5. Sovereign Wealth Funds and the Resource Curse: Resource Funds and Governance in Resource-rich Countries, Jedrzej George Frynas
Part II: Political and Legal Aspects of Sovereign Wealth Funds
6. Sovereign Wealth Funds and the Global Political Economy of Trust and Legitimacy, Gordon Clark and Adam Dixon
7. Sovereign Funds and Domestic Political Risk, Paul Rose
8. Sovereign Wealth Funds and Foreign Policy, Kathryn C. Lavelle
9. Sovereign Wealth and the Extraterritorial Manipulation of Corporate Conduct: A Multifaceted Paradigm in Transnational Law, Salar Ghahramani
Part III: Investment Choices and Structures of Sovereign Wealth Funds
10. Sovereign Wealth Funds and Private Equity, Mike Wright and Kevin Amess
11. The Use of Debt by Sovereign Wealth Fund, Fabio Bertroni and Stefano Lugo
12. Sovereign Wealth Fund Investment and Firm Volatility, April Knill and Nathan Mauck
13. Sovereign Wealth Funds: Investment Choices and Implications around the World, Nuno Fernandes
14. The China Investment Corporation: From Inception to Sideline, Christopher Balding and Kevin Chastagner
15. Investment Contractual Terms and Level of Control of China's Sovereign Wealth Fund in its Portfolio Firms, Jing Li
16. Strangers Are Not All Danger: SWF Investment in the Energy Industry, Di Wang
Part IV: Country and Regional Analysis of Sovereign Wealth Funds
17. The Norwegian Government Pension Fund-Global and the Implications of its Activities for Stakeholders, Geoffrey Wood, Noel O'Sullivan, Marc Goergen and Marijana Baric
18. Sovereign Wealth Fund Investments and Industry Performance: Evidence from Europe, Sophie Bereaua, Jean-Yves Gnabo , Malik Kerkourb, Helene Raymond
19. Spain and Sovereign Wealth Funds: Four Strategic Governance Types, Javier Capape, Ruth V. Aguilera, and Javier Santiso
20. Sovereign Wealth Funds in Central and Eastern Europe (CEE), Piotr Wisniewski
21. Sovereign Wealth Funds in the Persian Gulf States, Gawdat Bahgat
22. The Australian Future Fund, Xu Yi-Chong
23. Is it possible to avoid the St. Augustine Syndrome of fiscal procrastination? The Case of Chile, Eric Parrado