Friends or Foes? Target Selection Decisions of Sovereign Wealth Funds and Their Consequences

CFA Digest ◽  
2011 ◽  
Vol 41 (4) ◽  
pp. 21-23
Author(s):  
Johann U. de Villiers
Keyword(s):  
Target Selection ◽  
Sovereign Wealth Funds ◽  
Selection Decisions

Staatsfonds als Ankerinvestoren: Eine Note zum Einstieg von Aabar bei Daimler

2011 ◽  
Vol 12 (1) ◽  
pp. 92-100 ◽  
Author(s):  
Mark Mietzner ◽  
Dirk Schiereck
Keyword(s):  
Corporate Governance ◽  
Capital Market ◽  
Stock Price ◽  
Positive Impact ◽  
Target Selection ◽  
Listed Companies ◽  
Success Factor ◽  
Sovereign Wealth Funds ◽  
Stock Price Reaction ◽  
Block Holders

AbstractThe group of sovereign wealth funds (SWF) is gaining growing importance in the discussion on corporate governance quality as critical success factor for the longrun performance of exchange listed companies. These institutional investors mostly act as long-term oriented minority block holders (anchor investors) in international capital markets. We show for a specific case how capital market participants evaluate SWF investments in exchange listed companies. From the overall stock price reaction we can conjecture that investors expect from this investment of Aabar a positive impact on the corporate governance. However, there is also the alternative explanation that SWF have superior target selection abilities which allow them to detect undervalued companies in an inefficient capital market.

Easy Target Selection Reduces Negative Priming

1994 ◽  
Author(s):  
Anthony D. Wagner ◽  
Gordon H. Bower
Keyword(s):  
Negative Priming ◽  
Target Selection

Sovereign Wealth Funds

2010 ◽  
Vol 39 (3) ◽  
pp. 156-159
Author(s):  
Roland Königsgruber
Keyword(s):  
Sovereign Wealth Funds
Sign in / Sign up

Export Citation Format

Share Document