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

Cumming, D. J., Filatotchev, I., Reinecke, J. & Wood, G. (2019). New Investor Categories, Agility and HRM: The Case of Sovereign Wealth Funds. Human Resource Management Review, doi: 10.1016/j.hrmr.2019.100694

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.

Publication Type:	Article
Additional Information:	© 2019, Elsevier. Licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International http://creativecommons.org/licenses/by-nc-nd/4.0/
Publisher Keywords:	Sovereign wealth funds, employees, pensions, corporate governance, macroeconomic stability, institutions, comparative HRM
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HG Finance
Departments:	Bayes Business School > Management