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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| 發表在: | MAGKS - Joint Discussion Paper Series in Economics (Band 17-2011) |
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| 主要作者: | |
| 格式: | Arbeit |
| 語言: | 英语 |
| 出版: |
Philipps-Universität Marburg
2011
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| 主題: | |
| 在線閱讀: | PDF-Volltext |
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MAGKS - Joint Discussion Paper Series in Economics