Pot the ball? Sovereign wealth funds’ outward FDI in times of global financial market turbulence: A yield institutions-based view

Reddy, Kotapati Srinivasa

doi:10.1016/j.cbrev.2019.08.003

Cited by 14 publications

(16 citation statements)

References 68 publications

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“…This means that they support companies in financial trouble -those, however, in which they see future potential growth. Therefore, we agree with Reddy [15], who sees SWF investment and acquisitions in times of turbulence on the global financial market as a model for direct foreign investment. At the same time, SWFs' investment strategy is changing as they transform from passive investors to active ones, which has been confirmed by Dewenter, Han and Malatesta [7], among others.…”

Section: Discussionsupporting

confidence: 87%

“…Nonetheless, as emphasized by Bahoo [8], the goal of increasing revenues from active investments currently prevails over exerting political influence. Reddy [15] states that "the government may view state-owned enterprises such as SWFs as a spring-boarding to create lasting geopolitical relations with other developed and emerging countries." He further remarks that "in the recent past, regulatory agencies and politicians of developed economies have raised numerous security issues, such as transparency and political influence on the fund management, fund returns and fund reporting of SWFs.…”

mentioning

confidence: 99%

“…negative returns to announcements of SWF divestments." Reddy [15] investigates "SWFs' outward foreign direct investment patterns and acquisition deals in times of global financial market turbulence." He concludes that "SWFs' outward FDI choices are primarily determined by institutional transitions, market development and government legitimacy in the home country, thus to invest SHS Web of Conferences 9 2, 0 (2021) Globalization and its Socio-Economic Consequences 2020 3006 https://doi.org/10.1051/shsconf/20219203006 globally, earn higher economic returns, and secure resources.…”

mentioning

confidence: 99%

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The Importance and Perspectives of Sovereign Wealth Funds in the Globalised Economy

Černohorský

Tesnerová

2021

SHS Web of Conf.

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Research background: The ever-increasing degree of globalization is reflected, among other things, in the establishment of relatively new institutional investors - sovereign wealth funds. Until the financial crisis in 2008, these funds were considered by many developed countries to be a potential threat to national security. However, this changed when they invested large sums in bankrupt companies and banks during the crisis. However, fears of their influence remain. Purpose of the article: The paper aims to assess the importance and perspectives of sovereign wealth funds in the world economy. In this paper, we start with the definition of sovereign wealth funds and distinguish them from other state asset managers. We also focus on assessing their importance within the global investor portfolio and their impact on global economic development. Methods: We used an analysis of available financial and economic data related to their activities and comparison with selected asset managers. Findings & Value added: We discuss their specific investment strategies and their transparency, which affect their credibility. Within the evaluation, the positive benefits outweigh the risks of sovereign wealth funds. However, we should always assess in the context of a specific sovereign wealth fund. The importance of sovereign wealth funds and their impact will continue to grow, even though their relative share of the global financial market is not very high. Thanks to their long-term investments, they contribute to greater stability of the financial markets of the given countries.

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Section: Discussionsupporting

confidence: 87%

mentioning

confidence: 99%

mentioning

confidence: 99%

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The Importance and Perspectives of Sovereign Wealth Funds in the Globalised Economy

Černohorský

Tesnerová

2021

SHS Web of Conf.

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“…The government transition and its legitimacy are important factors influencing the bank operational practices, e.g. trust [11].…”

Section: B Syaria Banks' Financial Performance Toward the Mutual Evamentioning

confidence: 99%

“…All factors contribute to the development of the national banks [11]. Overall, International report put Indonesia is now in the place of developed countries since the reformed government led by the Joko Widodo as the president [20].…”

Section: B Syaria Banks' Financial Performance Toward the Mutual Evamentioning

confidence: 99%

Toward the Mutual Evaluation Review: Are Indonesian Banks Healthy?

Hadiyati¹,

Destiana²

2020

Proceedings of the 1st International Conference on Accounting, Management and Entrepreneurship (ICAMER 2019)

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This research aims to describe the level of banking readiness to face the Mutual Evaluation Review based on their banking financial performance. The method used is a descriptive quantitative. Results showed both conventional and syaria banks were healthy. However, due to the range of the bank healthy ration, the syaria banks were less healthy than the conventional banks. It concludes that the conventional banks are more prosperous than the syaria banks toward the next mutual evaluation review. Due to the limitation of the scope, it suggests to include the last published financial reports for further studies.

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Constitutional Political Economy Dimensions of Sovereign Debt Policy, Foreign Aid and the Politicization of Pension Funds and Sovereign Wealth Funds

Nwogugu¹

2021

Geopolitical Risk, Sustainability and “Cross-Border Spillovers” in Emerging Markets, Volume I

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Pot the ball? Sovereign wealth funds’ outward FDI in times of global financial market turbulence: A yield institutions-based view

Cited by 14 publications

References 68 publications

The Importance and Perspectives of Sovereign Wealth Funds in the Globalised Economy

The Importance and Perspectives of Sovereign Wealth Funds in the Globalised Economy

Toward the Mutual Evaluation Review: Are Indonesian Banks Healthy?

Constitutional Political Economy Dimensions of Sovereign Debt Policy, Foreign Aid and the Politicization of Pension Funds and Sovereign Wealth Funds

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