Sovereign wealth funds: A strategic governance view (2024)

Abstract

Recent tectonic, global economic and political shifts have spurred the emergence of new organizational forms such as sovereign wealth funds (SWFs)-state-owned investment organizations without pension liabilities-primarily in emerging and frontier markets. Although scholars have begun to explore SWF macroeconomic trends, little is known about the challenges these institutional investors face or their strategic capabilities to address these concerns. Drawing on comparative and strategic corporate governance research, we develop an organizing framework to better understand the firm-level characteristics of SWFs and their consequences. Our analysis of these investment funds multidimensional strategic governance traits contributes to the literature on state capitalism and comparative corporate governance.

Original languageEnglish
Pages (from-to)5-23
Number of pages19
JournalAcademy of Management Perspectives
Volume30
Issue number1
DOIs
Publication statusPublished - 1 Feb 2016

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Aguilera, R. V., Capapé, J., & Santiso, J. (2016). Sovereign wealth funds: A strategic governance view. Academy of Management Perspectives, 30(1), 5-23. https://doi.org/10.5465/amp.2013.0055

Aguilera, Ruth V. ; Capapé, Javier ; Santiso, Javier. / Sovereign wealth funds : A strategic governance view. In: Academy of Management Perspectives. 2016 ; Vol. 30, No. 1. pp. 5-23.

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Aguilera, RV, Capapé, J & Santiso, J 2016, 'Sovereign wealth funds: A strategic governance view', Academy of Management Perspectives, vol. 30, no. 1, pp. 5-23. https://doi.org/10.5465/amp.2013.0055

Sovereign wealth funds: A strategic governance view. / Aguilera, Ruth V.; Capapé, Javier; Santiso, Javier.
In: Academy of Management Perspectives, Vol. 30, No. 1, 01.02.2016, p. 5-23.

Research output: Indexed journal article Articlepeer-review

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Aguilera RV, Capapé J, Santiso J. Sovereign wealth funds: A strategic governance view. Academy of Management Perspectives. 2016 Feb 1;30(1):5-23. doi: 10.5465/amp.2013.0055

Sovereign wealth funds: A strategic governance view (2024)
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