Sovereign Wealth Funds

Working Paper

The Systemic Governance Influence of Universal Owners: Evidence From an Expectation Document

Universal owners can systemically diffuse their investment preferences to a large share of the market. We use the unexpected release of a corporate governance expectation document by Norway’s sovereign wealth fund as a natural experiment to...Read more

Ruth V. Aguilera
Vicente J. Bermejo
Javier Capapé
Vicente Cuñat
28 August 2019

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