Purpose- The article examines the key factors affecting use of National Fund Kazakhstan (NFK) in 2005-2017, as well development more effective methods and actions to improve its performance future. Methodology- study has developed a functional model transfers from it state budget (spending rule), which helps explain observed dynamics use. was examined by using dynamic panel estimation technique...

This article examines the interaction between United Nations Security Council sanctions and transnational governance of sovereign wealth funds through lens experience Libyan Investment Authority, fund Libya. The is a member International Forum Sovereign Wealth Funds, group whose members endorse Santiago Principles, set guiding principles aimed at improving governance, independence, transparency...

Research Question/Issue Existing research on sovereign wealth funds (SWFs) has largely explored how they affect target firm value, overlooking the role play in corporate governance. This paper examines impact of SWFs' cross-border equity acquisitions targets' governance and institutional environment SWF countries plays shaping this impact. Findings/Insights We use a difference-in-differences ap...

SHOULD THERE BE a sovereign bankruptcy procedure for countries in financial distress? This paper explores the use of U.S. bankruptcy law as a model for a sovereign bankruptcy procedure and asks whether adoption of such a procedure would lead to a more orderly process of sovereign debt restructuring. It assumes that a quick and orderly debt restructuring process is more efficient than a prolonge...

Purpose The purpose of this paper is to critically discuss the participation sovereign wealth funds (SWFs) in corporate social responsibility (CSR) programmes. Sovereign emerging economies are often involved responsibility. However, 1 Malaysian Development Berhad (1MDB) scandal illustrates possible use SWF as a vehicle for corruption and abuse. Design/methodology/approach primary objective deve...