New Investor Categories, Agility and HRM:  The Case of Sovereign Wealth Funds

I. Filatotchev; D. J. Cumming; G. Wood; J. Reinecke

New Investor Categories, Agility and HRM: The Case of Sovereign Wealth Funds

I. Filatotchev, D. J. Cumming, G. Wood, J. Reinecke

Strategy, Intl Mgt & Entrepreneurship

Research output: Contribution to journal › Article › peer-review

Abstract

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. Fourth, 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.

Original language	Undefined/Unknown
Journal	HUMAN RESOURCE MANAGEMENT REVIEW
Publication status	Published - 1 Nov 2016

Keywords

Sovereign wealth funds, employees, pensions, corporate governance, macroeconomic stability, institutions, comparative HRM

Cite this

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abstract = "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. Fourth, 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.",

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AU - Wood, G.

AU - Reinecke, J.

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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. Fourth, 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. Fourth, 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.

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M3 - Article

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JO - HUMAN RESOURCE MANAGEMENT REVIEW

JF - HUMAN RESOURCE MANAGEMENT REVIEW

ER -

New Investor Categories, Agility and HRM: The Case of Sovereign Wealth Funds

Abstract

Keywords

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