TY - JOUR
T1 - New investor categories, agility and HRM: The case of Sovereign Wealth Funds
AU - Cumming, Douglas
AU - Filatotchev, Igor
AU - Reinecke, Juliane
AU - Wood, Geoffrey
PY - 2020
Y1 - 2020
N2 - This article reviews the existing literature on SWFs and the firm, focusing particular attention on the implications of the rise of SWFs strategic agility and HRM. This paper outlines three main channels through which sovereign wealth fund (SWF) investment has implications for employees. First, SWFs influence macroeconomic environments, and hence affect labor conditions. Second, institutional conditions in different countries shape the behavior of SWFs around the world, which in turn has implications for HR strategy and practice. Third, SWFs can have a direct effect on the corporate governance and hence HR strategies and employees of organizations in which they invest. We review and discuss these three channels and outline avenues for future research.
AB - This article reviews the existing literature on SWFs and the firm, focusing particular attention on the implications of the rise of SWFs strategic agility and HRM. This paper outlines three main channels through which sovereign wealth fund (SWF) investment has implications for employees. First, SWFs influence macroeconomic environments, and hence affect labor conditions. Second, institutional conditions in different countries shape the behavior of SWFs around the world, which in turn has implications for HR strategy and practice. Third, SWFs can have a direct effect on the corporate governance and hence HR strategies and employees of organizations in which they invest. We review and discuss these three channels and outline avenues for future research.
U2 - 10.1016/j.hrmr.2019.100694
DO - 10.1016/j.hrmr.2019.100694
M3 - Journal article
SN - 1053-4822
VL - 30
JO - Human Resource Management Review
JF - Human Resource Management Review
IS - 1
ER -