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...
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| Izdano u: | MAGKS - Joint Discussion Paper Series in Economics (Band 17-2011) |
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| Glavni autor: | |
| Format: | Arbeit |
| Jezik: | engleski |
| Izdano: |
Philipps-Universität Marburg
2011
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| Teme: | |
| Online pristup: | PDF cijeli tekst |
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MAGKS - Joint Discussion Paper Series in Economics