Regime type and sovereign wealth management: Implications of cyber-democracy on sovereign wealth fund investment behavior

Juergen Braunstein

doi:10.1007/978-3-319-09069-6_13

Regime type and sovereign wealth management: Implications of cyber-democracy on sovereign wealth fund investment behavior

Juergen Braunstein^*

^*Corresponding author for this work

Publication: Chapter in book/Conference proceeding › Chapter in edited volume

Abstract

This chapter compares broad characteristics of political systems with regard to their effects on the adaptation of ethical guidelines across sovereign wealth funds-large state owned investment funds. Reportedly sovereign wealth fund investments are driven by political imperatives, particularly if they come from non-Western economies with low democracy levels. However, if that is the case, how can we explain why some sovereign wealth funds of Western democracies adopting ethical guidelines in their investment practices? This chapter addresses this puzzle through the prism of cyberdemocracy, which emphasizes the nexus between modern technology and governance. Through a number of cases, this chapter derives an initial hypothesis that sovereign wealth funds from countries with parliamentary systems and high levels of political freedom side are more likely to have ethical guidelines specified.

Original language	English
Title of host publication	Handbook of Cyber-Development, Cyber-Democracy, and Cyber-Defense
Editors	Elias Carayannis, David Campbell, Marios Panagiotis Efthymiopoulos
Place of Publication	Cham
Publisher	Springer International Publishing
Pages	519-536
Number of pages	18
ISBN (Electronic)	9783319090696
ISBN (Print)	9783319090689
DOIs	https://doi.org/10.1007/978-3-319-09069-6_13
Publication status	Published - 5 Oct 2018
Externally published	Yes

Bibliographical note

Publisher Copyright:
© Springer International Publishing AG, part of Springer Nature 2018.

Keywords

Ethical investment guidelines
Sovereign wealth funds
Transparency

Access to Document

10.1007/978-3-319-09069-6_13

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University Library Catalogue

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Braunstein, J. (2018). Regime type and sovereign wealth management: Implications of cyber-democracy on sovereign wealth fund investment behavior. In E. Carayannis, D. Campbell, & M. Panagiotis Efthymiopoulos (Eds.), Handbook of Cyber-Development, Cyber-Democracy, and Cyber-Defense (pp. 519-536). Springer International Publishing. https://doi.org/10.1007/978-3-319-09069-6_13

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Braunstein, J 2018, Regime type and sovereign wealth management: Implications of cyber-democracy on sovereign wealth fund investment behavior. in E Carayannis, D Campbell & M Panagiotis Efthymiopoulos (eds), Handbook of Cyber-Development, Cyber-Democracy, and Cyber-Defense. Springer International Publishing, Cham, pp. 519-536. https://doi.org/10.1007/978-3-319-09069-6_13

Regime type and sovereign wealth management: Implications of cyber-democracy on sovereign wealth fund investment behavior. / Braunstein, Juergen.
Handbook of Cyber-Development, Cyber-Democracy, and Cyber-Defense. ed. / Elias Carayannis; David Campbell; Marios Panagiotis Efthymiopoulos. Cham: Springer International Publishing, 2018. p. 519-536.

Publication: Chapter in book/Conference proceeding › Chapter in edited volume

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Regime type and sovereign wealth management: Implications of cyber-democracy on sovereign wealth fund investment behavior

Abstract

Bibliographical note

Keywords

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