The long-term impact of sovereign wealth fund investments

Agarwal, 2009, Why do foreign investors underperform domestic investors in trading activities? Evidence from Indonesia, J. Financ. Mark., 12, 32, 10.1016/j.finmar.2008.04.001 An, 2013, Stock price synchronicity, crash risk, and institutional investors, J. Corp. Finance, 21, 1, 10.1016/j.jcorpfin.2013.01.001 Baik, 2013, The liability of foreignness in international equity investments, J. Int. Bus. Stud., 44, 391, 10.1057/jibs.2013.13 Balin, 2010, The impact of the global economic crisis on sovereign wealth funds, Asian Pac. Econ. Lit., 24, 1, 10.1111/j.1467-8411.2010.01246.x Barber, 1997, Detecting long-run abnormal stock returns: The empirical power and specification of test statistics, J. Financ. Econ., 43, 341, 10.1016/S0304-405X(96)00890-2 Bertoni, 2014, The effect of sovereign wealth funds on the credit risk of their portfolio companies, J. Corp. Finance, 27, 21, 10.1016/j.jcorpfin.2014.04.004 Beuselinck, 2015, The value of government ownership during the global financial crisis, J. Corp. Finance, 42, 481, 10.1016/j.jcorpfin.2015.05.002 Bortolotti, 2010 Bortolotti, 2015, The sovereign wealth fund discount: evidence from public equity investments, Rev. Financ. Stud., 28, 2993, 10.1093/rfs/hhv036 Brennan, 1997, International portfolio investment flows, J. Finance, 52, 1851, 10.1111/j.1540-6261.1997.tb02744.x Caliendo, 2008, Some practical guidance for the implementation of propensity score matching, J. Econ. Surv., 22, 31, 10.1111/j.1467-6419.2007.00527.x Callen, 2015, Short interest and stock price crash risk, J. Bank. Finance, 60, 181, 10.1016/j.jbankfin.2015.08.009 Carhart, 1997, On persistence in mutual fund performance, J. Finance, 52, 57, 10.1111/j.1540-6261.1997.tb03808.x Chen, 2001, Forecasting crashes: trading volume, past returns, and conditional skewness in stock prices, J. Financ. Econ., 61, 345, 10.1016/S0304-405X(01)00066-6 Choe, 2005, Do domestic investors have an edge? The trading experience of foreign investors in Korea, Rev. Financ. Stud., 18, 795, 10.1093/rfs/hhi028 Dewenter, 2010, Firm value and sovereign wealth fund investments, J. Financ. Econ., 98, 256, 10.1016/j.jfineco.2010.05.006 Dimson, 1979, Risk measurement when shares are subject to infrequent trading, J. Financ. Econ., 7, 197, 10.1016/0304-405X(79)90013-8 Epstein, 2009, The regulation of sovereign wealth funds: the virtues of going slow, Univ. Chicago Law Rev., 76, 111 Fama, 1993, Common risk factors in the returns on stocks and bonds, J. Financ. Econ., 33, 3, 10.1016/0304-405X(93)90023-5 Hall, 1992, On the removal of skewness by transformation, J. Roy. Stat. Soc. Ser. B (Stat. Methodol.), 54, 221 Hanley, 1993, Price stabilization in the market for new issues, J. Financ. Econ., 34, 177, 10.1016/0304-405X(93)90017-6 Hutton, 2009, Opaque financial reports, R2, and crash risk, J. Financ. Econ., 94, 67, 10.1016/j.jfineco.2008.10.003 Ikenberry, 2000, Stock repurchases in Canada: performance and strategic trading, J. Finance, 55, 2373, 10.1111/0022-1082.00291 Jin, 2006, R2 around the world: new theory and new tests, J. Financ. Econ., 79, 257, 10.1016/j.jfineco.2004.11.003 Kahn, 1998, Ownership structure, speculation, and shareholder intervention, J. Finance, 53, 99, 10.1111/0022-1082.45483 Kalev, 2008, Foreign versus local investors: who knows more? Who makes more?, J. Bank. Finance, 32, 2376, 10.1016/j.jbankfin.2007.12.031 Kang, 2010, Do foreign investors exhibit a corporate governance disadvantage? An information asymmetry perspective, J. Int. Bus. Stud., 41, 1415, 10.1057/jibs.2010.18 Ke, 2010, Home bias in foreign investment decisions, J. Int. Bus. Stud., 41, 1415 Kellogg, 2008 Knill, 2012, Sovereign wealth fund investment and the return-to-risk performance of target firms, J. Financ. Intermediation, 21, 315, 10.1016/j.jfi.2011.10.001 Knill, 2012, Bilateral political relations and sovereign wealth fund investment, J. Corp. Finance, 18, 108, 10.1016/j.jcorpfin.2011.11.002 Kotter, 2011, Friends or foes? Target selection decisions of sovereign wealth funds and their consequences, J. Financ. Econ., 101, 360, 10.1016/j.jfineco.2011.03.007 La Porta, 1999, Corporate ownership around the world, J. Finance, 54, 471, 10.1111/0022-1082.00115 Martin, 2010 Maugh, 1998, Large shareholders as monitors: is there a trade-off between liquidity and control?, J. Finance, 53, 65, 10.1111/0022-1082.35053 McConnell, 1990, Additional evidence on equity ownership and corporate value, J. Financ. Econ., 27, 595, 10.1016/0304-405X(90)90069-C Megginson, 2015, Rise of the fiduciary state: a survey of sovereign wealth fund research, J. Econ. Surv., 29, 733, 10.1111/joes.12125 Mezzacapo, 2009, The so-called “sovereign wealth funds”: regulatory issues, financial stability and prudential supervision. European Economy, Econ. Pap., 378 Murtinu, 2016, Sovereign wealth funds' internationalization strategies: the use of investment vehicles, J. Int. Manag., 22, 249, 10.1016/j.intman.2016.03.003 Sun, 2009