A signaling theory of institutional activism: How Norway’s sovereign wealth fund investments affect firms’ foreign acquisitions

A signaling theory of institutional activism: How Norway’s sovereign wealth fund investments affect firms’ foreign acquisitions

Combining perspectives from institutional activism and signaling theory literatures, we suggest that an activist sovereign wealth fund (SWF) can serve as an intermediary signaler, providing cues about host countries’ institutional environment to internationalizing firms. By publicizing its investmen...

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Bibliographic Details
Main Authors: VASUDEVA, Gurneeta, NACHUM, Lilac, SAY, Gui-deng
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2018
Subjects:
foreign acquisitions
information asymmetry
institutional activism
intergovernmental organizations
intermediary signaler
signaling theory
socially responsible investments
sovereign wealth funds (SWFs)
Finance and Financial Management
Strategic Management Policy
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/6478
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7477/viewcontent/amj.2015.1141.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/6478
https://ink.library.smu.edu.sg/context/lkcsb_research/article/7477/viewcontent/amj.2015.1141.pdf

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