The Oxford Handbook of Sovereign Wealth Funds

Sovereign Wealth Funds (SWFs) represent both an increasingly important - and potentially dominant - category of alternative investor, and a novel form for governments to project their interests both home and abroad. As such, they represent both economic actors and embody power vested in the financial and diplomatic resources they can leverage. Although at times they have acted in concert with other alternative investors, their intergenerational savings function should, in theory at least, promote more long-termist thinking. However, they may be impelled in towards greater short termism, in response to popular pressures, demands from predatory elites and/or unforeseen external shocks. Of all the categories of alternative investment, SWFs perhaps embody the most contradictory pressures, making for diverse and complex outcomes. The aim of this volume is to consolidate the present state of the art, and advance the field through new applied, conceptual and theoretical insights. The volume is ordered into chapters that explore thematic issues and country studies, incorporating novel insights in on the most recent developments in the SWF ecosystem. This handbook is organized into four sections and 23 chapters. The four sections are: Governance of SWFs, Political and Legal Aspects of SWFs, Investment Choices and Structures of SWFs, Country and Regional Analyses of SWFs. Contributors to this volume - Ruth V. Aguilera, Full Professor at the D'Amore-McKim School of Business, Northeastern University Kevin Amess, Associate Professor, Nottingham University Business School Christopher Balding, Associate Professor, HSBC Business School, Peking University Graduate School Kevin Chastagner, Assistant Professor, HSBC Business School, Peking University Gawdat Bahgat, Professor of National Security Affairs, National Defense University Marijana Baric, Lecturer in Organisational Behaviour and Human Resource Management, University of Buckingham Sophie Bereau, Assistant Professor of Finance, University of Namur Fabio Bertoni, Professor of Corporate Finance, EMLYON Business School Peter Bruce-Clark, Co-Founder and Managing Partner at Permutation Ventures Javier Capape, Associate Researcher at IE - Sovereign Wealth Lab, IE Business School Gordon L Clark, Director of the Smith School of Enterprise and the Environment, University of Oxford Adam D. Dixon, Reader in Economic Geography, University of Bristol Nuno Fernandes, Professor of Finance at IMD Igor Filatotchev, Professor of Corporate Governance and Strategy, Cass Business School Veljko Fotak, Assistant Professor of Finance, University at Buffalo Jedrzej George Frynas, Professor of CSR and Strategic Management, Middlesex University Business School Salar Ghahramani, Assistant Professor of Business Law and International Law & Policy, Pennsylvania State University Jean-Yves Gnabo, Professor of Finance, University of Namur Marc Goergen, Chair in Finance, Cardiff Business School, Cardiff University Noel O'Sullivan, Professor of Accounting, School of Business and Economics, Loughborough University Daniel Haberly, Lecturer in Human Geography, School of Global Studies at the University of Sussex Malik Kerkour, Postdoctoral Researcher, University of Orleans LEO-CNRS April Knill, Gene Taylor/Bank of America Professor of Finance, The Florida State University Kathryn C. Lavelle, Ellen and Dixon Long Professor of World Affairs, Case Western Reserve University Jing Li, Assistant Professor, Department of Business Law, Tilburg University Stefano Lugo, Assistant Professor of Finance and Financial Markets, Utrecht University School of Economics Nathan Mauck, Assistant Professor of Finance, Henry W. Bloch School of Management, University of Missouri Bill Megginson, Professor and Price Chair in Finance, University of Oklahoma Ashby Monk, Executive and Research Director, Stanford Global Projects Center Eric Parrado, Superintendent at Superintendency of Banks and Financial Institutions, Chile Helene Raymond, Professor of Economics, University of Paris Nanterre Juliane Reinecke, Professor of Organisation Studies, Warwick Business School Paul Rose, Associate Dean for Academic Affairs, Moritz College of Law Javier Santiso, Professor at IE Business School and Head of the IE Di Wang, Lecturer in the Department of Government, University of Texas Piotr Wisniewski, Associate Professor, Institute of Finance, Warsaw School of Economics Geoffrey Wood, Dean and Professor of International Business, Essex Business School Mike Wright, Professor of Entrepreneurship and Director, Centre for Management Buyout Research, Imperial College Business School Xu Yi-chong, Professor, School of Government and International Relations, Griffith University