Incentives and the Delegation of Decision Making Power in Sovereign Wealth Funds
The paper models the incentives of a politician to delegate the decision making power in a sovereign wealth fund to an independent external manager. It formalizes the learning-effects as well as the increase of transparency of the SWF and the rise of investment possibilities associated with higher t...
Enregistré dans:
| Publié dans: | MAGKS - Joint Discussion Paper Series in Economics (Band 17-2011) |
|---|---|
| Auteur principal: | |
| Format: | Arbeit |
| Langue: | anglais |
| Publié: |
Philipps-Universität Marburg
2011
|
| Sujets: | |
| Accès en ligne: | Texte intégral en PDF |
| Tags: |
Pas de tags, Soyez le premier à ajouter un tag!
|
MAGKS - Joint Discussion Paper Series in Economics