Matches in SemOpenAlex for { <https://semopenalex.org/work/W4288045231> ?p ?o ?g. }
- W4288045231 endingPage "102255" @default.
- W4288045231 startingPage "102255" @default.
- W4288045231 abstract "We build on recent SWF literature that documents an equity discount for SWF investments and extend it to bond markets to investigate whether SWFs represent a threat or an opportunity to bondholders. We find robust evidence supporting the political agenda hypothesis which points to the existence of a “SWF bond risk premium”. Compared to other government shareholding types, we also find that SWF ownerships present higher risk to bondholders and result in higher increase in the target firm's cost of debt. Furthermore, this SWF bond risk premium is larger during non-crisis periods and for SWFs originating from autarchic countries. Interestingly, we show strong evidence that SWFs may signal a passive investment stance and reduce the SWF bond risk premiums by: i) investing through separate investment vehicles, ii) targeting firms with an existing major shareholder, iii) improving their internal governance, and iv) increasing their transparency." @default.
- W4288045231 created "2022-07-27" @default.
- W4288045231 creator A5029128507 @default.
- W4288045231 creator A5039934135 @default.
- W4288045231 date "2022-10-01" @default.
- W4288045231 modified "2023-09-23" @default.
- W4288045231 title "The sovereign wealth funds risk premium: Evidence from the cost of debt financing" @default.
- W4288045231 cites W1494703832 @default.
- W4288045231 cites W1606272114 @default.
- W4288045231 cites W1809015506 @default.
- W4288045231 cites W1919196467 @default.
- W4288045231 cites W1973399956 @default.
- W4288045231 cites W1978961862 @default.
- W4288045231 cites W1979927021 @default.
- W4288045231 cites W2021588610 @default.
- W4288045231 cites W2029159268 @default.
- W4288045231 cites W2030132760 @default.
- W4288045231 cites W2034481118 @default.
- W4288045231 cites W2056238342 @default.
- W4288045231 cites W2087037838 @default.
- W4288045231 cites W2100882542 @default.
- W4288045231 cites W2113942631 @default.
- W4288045231 cites W2120744852 @default.
- W4288045231 cites W2126555709 @default.
- W4288045231 cites W2135241016 @default.
- W4288045231 cites W2138958509 @default.
- W4288045231 cites W2336652851 @default.
- W4288045231 cites W2465587637 @default.
- W4288045231 cites W2465762901 @default.
- W4288045231 cites W2597503617 @default.
- W4288045231 cites W2752617332 @default.
- W4288045231 cites W2806753038 @default.
- W4288045231 cites W2890995502 @default.
- W4288045231 cites W2899457234 @default.
- W4288045231 cites W2905056245 @default.
- W4288045231 cites W2913023096 @default.
- W4288045231 cites W2927616278 @default.
- W4288045231 cites W3121156620 @default.
- W4288045231 cites W3121195206 @default.
- W4288045231 cites W3121693921 @default.
- W4288045231 cites W3121759882 @default.
- W4288045231 cites W3121767774 @default.
- W4288045231 cites W3121897340 @default.
- W4288045231 cites W3121947872 @default.
- W4288045231 cites W3121983875 @default.
- W4288045231 cites W3122573523 @default.
- W4288045231 cites W3122735737 @default.
- W4288045231 cites W3123028545 @default.
- W4288045231 cites W3123276743 @default.
- W4288045231 cites W3123300962 @default.
- W4288045231 cites W3123506789 @default.
- W4288045231 cites W3123767113 @default.
- W4288045231 cites W3123878168 @default.
- W4288045231 cites W3124117810 @default.
- W4288045231 cites W3124202419 @default.
- W4288045231 cites W3124376508 @default.
- W4288045231 cites W3125146550 @default.
- W4288045231 cites W3125558204 @default.
- W4288045231 cites W3125572384 @default.
- W4288045231 cites W3125688476 @default.
- W4288045231 cites W3125701181 @default.
- W4288045231 cites W3125743759 @default.
- W4288045231 cites W3125748343 @default.
- W4288045231 doi "https://doi.org/10.1016/j.jcorpfin.2022.102255" @default.
- W4288045231 hasPublicationYear "2022" @default.
- W4288045231 type Work @default.
- W4288045231 citedByCount "1" @default.
- W4288045231 countsByYear W42880452312023 @default.
- W4288045231 crossrefType "journal-article" @default.
- W4288045231 hasAuthorship W4288045231A5029128507 @default.
- W4288045231 hasAuthorship W4288045231A5039934135 @default.
- W4288045231 hasConcept C10138342 @default.
- W4288045231 hasConcept C120527767 @default.
- W4288045231 hasConcept C120757647 @default.
- W4288045231 hasConcept C124932975 @default.
- W4288045231 hasConcept C139719470 @default.
- W4288045231 hasConcept C144133560 @default.
- W4288045231 hasConcept C151541453 @default.
- W4288045231 hasConcept C162324750 @default.
- W4288045231 hasConcept C17744445 @default.
- W4288045231 hasConcept C178350159 @default.
- W4288045231 hasConcept C199539241 @default.
- W4288045231 hasConcept C199728807 @default.
- W4288045231 hasConcept C27548731 @default.
- W4288045231 hasConcept C2780233690 @default.
- W4288045231 hasConcept C2780999293 @default.
- W4288045231 hasConcept C33842695 @default.
- W4288045231 hasConcept C39389867 @default.
- W4288045231 hasConcept C556758197 @default.
- W4288045231 hasConcept C69738904 @default.
- W4288045231 hasConcept C73283319 @default.
- W4288045231 hasConcept C94625758 @default.
- W4288045231 hasConceptScore W4288045231C10138342 @default.
- W4288045231 hasConceptScore W4288045231C120527767 @default.
- W4288045231 hasConceptScore W4288045231C120757647 @default.
- W4288045231 hasConceptScore W4288045231C124932975 @default.
- W4288045231 hasConceptScore W4288045231C139719470 @default.
- W4288045231 hasConceptScore W4288045231C144133560 @default.