The Oxford Handbook of Sovereign Wealth Funds

Author: Douglas J. Cumming

Publisher: Oxford University Press

ISBN: 0198754809

Category: Business & Economics

Page: 568

View: 8969

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.
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The Oxford Handbook of Sovereign Wealth Funds

Author: Douglas J. Cumming,Geoffrey Wood,Igor Filatotchev,Juliane Reinecke

Publisher: Oxford University Press

ISBN: 0191070823

Category: Business & Economics

Page: 568

View: 6852

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.
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The Oxford Handbook of Quantitative Asset Management

Author: Bernd Scherer

Publisher: Oxford University Press

ISBN: 0199553432

Category: Business & Economics

Page: 501

View: 9426

This book explores the current state of the art in quantitative investment management across seven key areas. Chapters by academics and practitioners working in leading investment management organizations bring together major theoretical and practical aspects of the field.
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Sovereign Wealth Funds

The New Intersection of Money and Politics

Author: Christopher Balding

Publisher: Oxford University Press, USA

ISBN: 0199752117

Category: Business & Economics

Page: 216

View: 8956

Sovereign wealth funds are a growing and dynamic force in international finance. The shifting international economic relations from capital rich states gives them new power in influencing the global agenda. Despite controlling trillions of dollars in the biggest companies in the world, little is known about the opaque funds of oil rich and non-democratic governments. This is the first book to compile a history of sovereign wealth funds recounting the Abu Dhabi Investment Authority's involvement with the scandal-plagued BCCI bank and Chinese arms exports to Iran. By constructing a history within the proper context of oil-driven surpluses and large inflationary pressures with no international investment framework, this book explains the development and growth of sovereign wealth funds. The economics of capital surplus countries and investment strategies are examined in order to better understand sovereign wealth fund creation and growth. In a straightforward and accessible style, the author examines the complex and amazing growth of an unknown group of investors controlling trillions of dollars worldwide.
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The Oxford Handbook of Corporate Governance

Author: Mike Wright,Donald S. Siegel,Kevin Keasey,Igor Filatotchev

Publisher: Oxford University Press

ISBN: 0199642001

Category: Business & Economics

Page: 811

View: 2060

Corporate governance remains a central area of concern to business and society, and this Handbook constitutes the definitive source of academic research on this topic, synthesizing international studies from economics, strategy, international business, organizational behavior, entrepreneurship, business ethics, accounting, finance, and law.
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The Oxford Handbook of Banking and Finance

Author: Catherine R. Schenk

Publisher: Oxford University Press

ISBN: 0199658625

Category:

Page: 552

View: 3314

The financial crisis of 2008 aroused widespread interest in banking and financial history among policy makers, academics, journalists, and even bankers, in addition to the wider public. References in the press to the term 'Great Depression' spiked after the failure of Lehman Brothers in November 2008, with similar surges in references to 'economic history' at various times during the financial turbulence. In an attempt to better understand the magnitude of the shock, there was a demand for historical parallels. How severe was the financial crash? Was it, in fact, the most severe financial crisis since the Great Depression? Were its causes unique or part of a well-known historical pattern? And have financial crises always led to severe depressions? Historical reflection on the recent financial crises and the long-term development of the financial system go hand in hand. This volume provides the material for such a reflection by presenting the state of the art in banking and financial history. Nineteen highly regarded experts present chapters on the economic and financial side of banking and financial activities, primarily though not solely in advanced economies, in a long-term comparative perspective. In addition to paying attention to general issues, not least those related to theoretical and methodological aspects of the discipline, the volume approaches the banking and financial world from four distinct but interrelated angles: financial institutions, financial markets, financial regulation, and financial crises.
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The Oxford Handbook of Banking

Author: Allen N. Berger,Philip Molyneux,John O. S. Wilson

Publisher: Oxford University Press, USA

ISBN: 0199688508

Category: Business & Economics

Page: 1051

View: 4198

The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.
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The New Oxford Handbook of Economic Geography

Author: Dariusz Wójcik

Publisher: Oxford University Press

ISBN: 0198755600

Category: Business & Economics

Page: 936

View: 7222

The first fifteen years of the 21st century have thrown into sharp relief the challenges of growth, equity, stability, and sustainability facing the world economy. In addition, they have exposed the inadequacies of mainstream economics in providing answers to these challenges. This volume gathers over 50 leading scholars from around the world to offer a forward-looking perspective of economic geography to understanding the various building blocks, relationships, and trajectories in the world economy. The perspective is at the same time grounded in theory and in the experiences of particular places. Reviewing state-of-the-art of economic geography, setting agendas, and with illustrations and empirical evidence from all over the world, the book should be an essential reference for students, researchers, as well as strategists and policy makers. Building on the success of the first edition, this volume offers a radically revised, updated, and broader approach to economic geography. With the backdrop of the global financial crisis, finance is investigated in chapters on financial stability, financial innovation, global financial networks, the global map of savings and investments, and financialization. Environmental challenges are addressed in chapters on resource economies, vulnerability of regions to climate change, carbon markets, and energy transitions. Distribution and consumption feature alongside more established topics on the firm, innovation, and work. The handbook also captures the theoretical and conceptual innovations of the last fifteen years, including evolutionary economic geography and the global production networks approach. Addressing the dangers of inequality, instability, and environmental crisis head-on, the volume concludes with strategies for growth and new ways of envisioning the spatiality of economy for the future.
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Sovereign Wealth Funds

Threat Or Salvation?

Author: Edwin Truman

Publisher: Peterson Institute

ISBN: 0881325759

Category: Business & Economics

Page: 186

View: 1043

Sovereign wealth funds (SWFs)--special-purpose investment funds or arrangements owned by the general governmen--are not a new phenomenon in international finance. But recently, they have become a reoccurring headline, due in part to their influence on corporate governance practices. These funds also have a large impact on international markets. This timely book first traces the origins of SWFs and the buildup of international reserves. It then describes the potential political and economic power issues raised by these large holdings of cross-border assets for three entities: the countries that own them, host countries, and the international financial system. Truman presents an updated "scoreboard" of these funds, and assesss them based on structure, governance, transparency and accountability, and behavioral rules. Finally, he discusses the role of SWFs in the context of the global economic and financial crisis and its aftermath.
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The Oxford Handbook of Public Management

Author: Ewan Ferlie,Laurence E. Lynn,Christopher Pollitt

Publisher: Oxford University Press, USA

ISBN: 9780199226443

Category: Political Science

Page: 789

View: 2604

The public sector continues to play a strategic role across the world and in the last thirty years there have been major shifts in approaches to its management. This text identifies the trends in public management and the effects these have had, as well as providing a broad overview to each topic.
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The Oxford Handbook of Banking, Second Edition

Author: Allen N. Berger,Philip Molyneux,John O. S. Wilson

Publisher: OUP Oxford

ISBN: 0191002194

Category: Business & Economics

Page: 1040

View: 7691

The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.
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Research Handbook on Sovereign Wealth Funds and International Investment Law

Author: Fabio Bassan

Publisher: Edward Elgar Publishing

ISBN: 1781955204

Category: Law

Page: 464

View: 3540

Research on the role of sovereign investments in a time of crisis is still unsatisfactory. This Research Handbook illustrates the state of the art of the legal investigation on sovereign investments, filling necessary gaps in previous research. Current
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The New Frontier Investors

How Pension Funds, Sovereign Funds, and Endowments are Changing the Business of Investment Management and Long-Term Investing

Author: Jagdeep Singh Bachher,Adam D. Dixon,Ashby H. B. Monk

Publisher: Springer

ISBN: 1137508574

Category: Business & Economics

Page: 147

View: 1625

Who holds the power in financial markets? For many, the answer would probably be the large investment banks, big asset managers, and hedge funds. These are the organizations that are in the media's spotlight and whose leaders and employees command outsized salaries and bonuses. They are the supposed leading edge of global finance and their power seems almost absolute, even as questions abound about their social and economic utility. But more and more asset owners are confronting the status quo, the power to exact high fees and the focus on the short term. The New Frontier Investors chronicles the rise of this new group of long horizon asset owners that includes some of the world's largest pension funds, sovereign wealth funds, and endowments. These asset owners are driving the business of asset management to a new frontier by retaking responsibility of the end-to-end management of their investment portfolios and by re-conceptualizing investment decision-making. The lessons illustrated in The New Frontier Investors fly in the face of conventional wisdom, which has it that these asset owners are at a disadvantage to the private sector fund managers and other service providers. These asset owners are supposedly not able to attract talent nor do they have the organizational capabilities to compete. That many are located far from the markets in which they invest only exacerbates the problem. But this is incorrect. This expanding group of asset owners is learning how to make the most of their scale and long time horizons, finding new ways to attract talent, to collaborate, and to build greater alignment with the users of capital. They are not at a disadvantage. They are at an advantage. The New Frontier Investors is essential reading for anyone wanting to see a change in global financial markets and the professionalization of asset owners worldwide, from public pension funds and sovereign wealth funds to foundations and endowments. It is thus required reading for the senior executives and employees working in the field of beneficiary institutional investment, as well as government officials and others that have a stake in the design and governance of beneficiary financial institutions and long-term capital.
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The Oxford Handbook of Economic Geography

Author: Gordon L. Clark,Meric S. Gertler,Maryann P. Feldman

Publisher: Oxford University Press

ISBN: 9780199250837

Category: Business & Economics

Page: 742

View: 3106

The Oxford Handbook of Economic Geography is the single most important statement of the scope and status of the vibrant interdisciplinary field of economic geography. It brings together more than 40 leading economists and geographers from around the world. From general statements about the history and evolution of the field to statements about the crucial problems of economic geography, the volume is preoccupied with the rival theories and perspectives that have sustained its recent growth. The volume is also focused upon linkages, including those between the global and the local, between industry location and trade, and between corporate strategy and market structure.
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The Oxford Handbook of Latin American Economics

Author: José Antonio Ocampo,Jaime Ros

Publisher: Oxford University Press

ISBN: 019957104X

Category: Business & Economics

Page: 932

View: 3008

A comprehensive overview of the key factors affecting the development of Latin American economies that examines long-term growth performance, macroeconomic issues, Latin American economies in the global context, technological and agricultural policies, and the evolution of labour markets, the education sector, and social security programmes.
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The Oxford Handbook of Corporate Law and Governance

Author: Jeffrey N. Gordon,Wolf-Georg Ringe

Publisher: Oxford University Press

ISBN: 0191061409

Category: Law

Page: 900

View: 7251

Corporate law and corporate governance have been at the forefront of regulatory activities across the world for several decades now, and are subject to increasing public attention following the Global Financial Crisis of 2008. The Oxford Handbook of Corporate Law and Governance provides the global framework necessary to understand the aims and methods of legal research in this field. Written by leading scholars from around the world, the Handbook contains a rich variety of chapters that provide a comparative and functional overview of corporate governance. It opens with the central theoretical approaches and methodologies in corporate law scholarship in Part I, before examining core substantive topics in corporate law, including shareholder rights, takeovers and restructuring, and minority rights in Part II. Part III focuses on new challenges in the field, including conflicts between Western and Asian corporate governance environments, the rise of foreign ownership, and emerging markets. Enforcement issues are covered in Part IV, and Part V takes a broader approach, examining those areas of law and finance that are interwoven with corporate governance, including insolvency, taxation, and securities law as well as financial regulation. The Handbook is a comprehensive, interdisciplinary resource placing corporate law and governance in its wider context, and is essential reading for scholars, practitioners, and policymakers in the field.
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The Oxford Handbook of Critical Management Studies

Author: Mats Alvesson,Todd Bridgman,Hugh Willmott

Publisher: Oxford University Press on Demand

ISBN: 0199237719

Category: Business & Economics

Page: 582

View: 3717

Critical Management Studies (CMS) has emerged as a movement that questions the authority and relevance of much mainstream thinking and practice. Critical of established practices and institutional arrangements, it challenges many orthodoxies in management and organization studies. This Handbook maps the terrain of CMS today.
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The Oxford Handbook of Business and Government

Author: David Coen,Wyn Grant,Graham Wilson

Publisher: Oxford University Press

ISBN: 0199214271

Category: Business & Economics

Page: 787

View: 6179

This text provides an introduction to the ways in which five different disciplines have approached the study of business and government. It examines how business interacts with government in different parts of the world, including the United States, the EU, China, Japan and South America.
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The Handbook of the Political Economy of Financial Crises

Author: Martin H. Wolfson,Gerald A. Epstein

Publisher: OUP USA

ISBN: 0199757232

Category: Political Science

Page: 736

View: 3084

The Great Financial Crisis that began in 2007-2008 reminds us with devastating force that financial instability and crises are endemic to capitalist economies. This Handbook describes the theoretical, institutional, and historical factors that can help us understand the forces that create financial crises.
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