Sovereign wealth funds have recently moved to the front and center of discussion, both within the investment world and the political arena. In this paper we evaluate the differences and common features of these funds. Utilizing an ownership database, we probe the ownership, geographic, and...

Purpose – Proposes to investigate the current practices of credit risk management by the largest US-based financial institutions. Owing to the increasing variety in the types of counterparties and the ever-expanding variety in the forms of obligations, credit risk management has jumped to the...

This paper offers an explanation regarding financing strategies of corporations in selected countries in emerging markets. We develop a partial equilibrium model in which preferred shares are issued by value maximizing corporations and bought by return maximizing investors. We concludes that...