Human Resource Management Review, Forthcoming
51 Pages Posted: 7 Nov 2016 Last revised: 10 Nov 2016
Date Written: November 1, 2016
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. Third, 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.
Keywords: Sovereign Wealth Funds, Employees, Pensions, Corporate Governance, Macroeconomic Stability, Institutions, Comparative HRM
JEL Classification: O15, J24, G23
Suggested Citation: Suggested Citation
Cumming, Douglas J. and Wood, Geoffrey and Filatotchev , Igor and Reinecke, Juliane, New Investor Categories, Agility and HRM: The Case of Sovereign Wealth Funds (November 1, 2016). Human Resource Management Review, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2864976