Understanding the Impact of Sovereign Wealth Funds on the Financial Markets

了解主权财富基金对金融市场的影响

• 批准号: DP160103877
• 负责人: Prof Francis In
• 金额: --
• 依托单位: Monash University
• 依托单位国家: 澳大利亚
• 项目类别: Discovery Projects
• 财政年份: 2017
• 资助国家: 澳大利亚
• 起止时间: 2017-01-04 至 2017-01-04
• 项目状态: 已结题
• 来源: https://dataportal.arc.gov.au/RGS/Web/Grants/DP160103877
• 关键词: Understanding; Impact; Sovereign; Wealth; Funds

This project aims not only to reveal the impact of sovereign wealth fund (SWFs) on Australian international stock markets, but also to assess their investment behaviour. An SWF is an investment fund managed by a government or other organisation on behalf of a sovereign state. The impact of SWFs on international financial markets and their behaviour are of great importance to market participants as well as policy-makers. The project aims to measure the systemic risk contribution of SWFs and to analyse the anti-takeover provisions of SWFs’ target firms. In addition, the project aims to understand the relation between anti-takeover provisions and target firm value and will examine the role of SWFs as a socially responsible investor. The expected outcomes will improve our understanding of the impact of SWFs on the Australian financial markets in terms of social and economic wellbeing.

该项目不仅旨在揭示主权财富基金（SWFs）对澳大利亚国际股票市场的影响，而且还评估其投资行为。主权基金是由政府或其他组织代表主权国家管理的投资基金。主权财富基金对国际金融市场的影响及其行为对市场参与者和政策制定者都非常重要。该项目旨在衡量主权财富基金的系统性风险贡献，并分析主权财富基金目标公司的反收购条款。此外，该项目旨在了解反收购条款与目标公司价值之间的关系，并将研究主权财富基金作为对社会负责的投资者的作用。预期的结果将提高我们对主权财富基金在社会和经济福祉方面对澳大利亚金融市场的影响的理解。