Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197371
Authors: 
Urban, Dariusz
Year of Publication: 
2017
Citation: 
[Journal:] e-Finanse: Financial Internet Quarterly [ISSN:] 1734-039X [Volume:] 13 [Year:] 2017 [Issue:] 1 [Pages:] 25-34
Abstract: 
The article aims at pointing out the differences in market reactions regarding the announcement of an investment of selected Sovereign Wealth Funds in companies listed on the London Stock Exchange. The research sample consists of 796 market transactions made by four selected Sovereign Wealth Funds. The author employed event study methodology to calculate the average abnormal returns and cumulative abnormal returns for each fund in subsamples. The empirical findings suggest that investors react differently to the information about a fund's investment. To the best of the author's knowledge, the literature does not provide any answer as to how the market reacts to information disclosure of individual funds. Therefore, this paper bridges the gap in the literature within this field.
Subjects: 
sovereign wealth funds
event study
London Stock Exchange
investment
JEL: 
F21
G14
G23
Persistent Identifier of the first edition: 
Document Type: 
Article

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