The impact of Sovereign Wealth Funds on their investees: Methodology limitations

The purpose of this paper is to address inconsistencies identified in the literature published on the subject of the impact of sovereign wealth funds (SWFs) on the market value and performance of the companies in which they invest. We provide a systematic analysis of the methodologies used in the li...

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Autor principal: Stanislav Audy Martínek
Formato: article
Lenguaje:EN
Publicado: Elsevier 2021
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SWF
Acceso en línea:https://doaj.org/article/2676274946324d5d891a7c8adf1a7d3f
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spelling oai:doaj.org-article:2676274946324d5d891a7c8adf1a7d3f2021-12-02T05:03:35ZThe impact of Sovereign Wealth Funds on their investees: Methodology limitations2590-051X10.1016/j.resglo.2021.100072https://doaj.org/article/2676274946324d5d891a7c8adf1a7d3f2021-12-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2590051X2100037Xhttps://doaj.org/toc/2590-051XThe purpose of this paper is to address inconsistencies identified in the literature published on the subject of the impact of sovereign wealth funds (SWFs) on the market value and performance of the companies in which they invest. We provide a systematic analysis of the methodologies used in the literature with a strong emphasis on the structure and compilation of the SWF dataset and the evaluation of the data. We compare the strengths and weaknesses of the methodologies used in the seminal works published on this topic between 2007 and 2020. The results of our analysis highlight the significant risks and limitations of applying the methodological approach used in studies of large institutional investors to analysis of the impact of SWF investment on their investees.Stanislav Audy MartínekElsevierarticleSovereign Wealth FundsSWFInstitutional investorMethodology reviewCities. Urban geographyGF125Urbanization. City and countryHT361-384ENResearch in Globalization, Vol 3, Iss , Pp 100072- (2021)
institution DOAJ
collection DOAJ
language EN
topic Sovereign Wealth Funds
SWF
Institutional investor
Methodology review
Cities. Urban geography
GF125
Urbanization. City and country
HT361-384
spellingShingle Sovereign Wealth Funds
SWF
Institutional investor
Methodology review
Cities. Urban geography
GF125
Urbanization. City and country
HT361-384
Stanislav Audy Martínek
The impact of Sovereign Wealth Funds on their investees: Methodology limitations
description The purpose of this paper is to address inconsistencies identified in the literature published on the subject of the impact of sovereign wealth funds (SWFs) on the market value and performance of the companies in which they invest. We provide a systematic analysis of the methodologies used in the literature with a strong emphasis on the structure and compilation of the SWF dataset and the evaluation of the data. We compare the strengths and weaknesses of the methodologies used in the seminal works published on this topic between 2007 and 2020. The results of our analysis highlight the significant risks and limitations of applying the methodological approach used in studies of large institutional investors to analysis of the impact of SWF investment on their investees.
format article
author Stanislav Audy Martínek
author_facet Stanislav Audy Martínek
author_sort Stanislav Audy Martínek
title The impact of Sovereign Wealth Funds on their investees: Methodology limitations
title_short The impact of Sovereign Wealth Funds on their investees: Methodology limitations
title_full The impact of Sovereign Wealth Funds on their investees: Methodology limitations
title_fullStr The impact of Sovereign Wealth Funds on their investees: Methodology limitations
title_full_unstemmed The impact of Sovereign Wealth Funds on their investees: Methodology limitations
title_sort impact of sovereign wealth funds on their investees: methodology limitations
publisher Elsevier
publishDate 2021
url https://doaj.org/article/2676274946324d5d891a7c8adf1a7d3f
work_keys_str_mv AT stanislavaudymartinek theimpactofsovereignwealthfundsontheirinvesteesmethodologylimitations
AT stanislavaudymartinek impactofsovereignwealthfundsontheirinvesteesmethodologylimitations
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