Back to government ownership: The Sovereign Wealth Funds phenomenon

Jocelyn Grira

Finance Research Letters, 2020, vol. 34, issue C

Abstract: In this paper, we discuss the sovereign wealth fund (SWF) phenomenon from a government ownership point of view. We emphasize on the contrast between the soft budget constraint view and the political view, and attempt to bridge the gap in the SWF literature in this regard. We also present the current regulatory challenges and contribute to the on-going debate related to SWFs’ investment motives. We conclude by shedding some light on future research avenues.

Keywords: Sovereign Wealth Funds; Government ownership; Reverse-Privatization; Regulation (search for similar items in EconPapers)
Date: 2020
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:34:y:2020:i:c:s1544612319302156

DOI: 10.1016/j.frl.2019.07.018

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