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Sovereign wealth funds: Past, present and future

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  • Bahoo, Salman
  • Alon, Ilan
  • Paltrinieri, Andrea

Abstract

In this article, we conduct a meta-literature review of sovereign wealth funds (SWFs), covering 184 articles from 2005 to 2019. Our meta-literature review consists of qualitative analysis of content using the NVivo software program and quantitative analyses of bibliometric citations using the HistCite and VOSviewer software programs. We identify three main research streams: (i) the overview and growth of SWFs, (ii) governance and political concerns regarding SWFs, and (iii) the investment strategies of SWFs. We identify the most influential aspects of the SWF literature, such as the leading countries, institutions, journals, authors, and articles. Finally, we propose 20 research questions based on the meta-literature review of sovereign wealth funds to set the future research agenda.

Suggested Citation

  • Bahoo, Salman & Alon, Ilan & Paltrinieri, Andrea, 2020. "Sovereign wealth funds: Past, present and future," International Review of Financial Analysis, Elsevier, vol. 67(C).
    • Handle: RePEc:eee:finana:v:67:y:2020:i:c:s1057521918308068
    DOI: 10.1016/j.irfa.2019.101418
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    15. Ermanno Affuso & Khandokar M. Istiak & Alex Sharland, 2022. "Sovereign wealth funds and economic growth," Journal of Asset Management, Palgrave Macmillan, vol. 23(3), pages 201-214, May.
    16. Aggarwal, Raj & Goodell, John W., 2018. "Sovereign wealth fund governance and national culture," International Business Review, Elsevier, vol. 27(1), pages 78-92.
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    More about this item

    Keywords

    Bibliometric citation analysis; Cartographic analysis; Meta-analysis; Sovereign wealth funds; Literature review; Content analysis; Governance; Politics; Investment;
    All these keywords.

    JEL classification:

    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • H10 - Public Economics - - Structure and Scope of Government - - - General
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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