NWF Investment Features at the Present Development Stage of the World Economy
( Pp. 104-113)

More about authors
Spitsina Daria V. postgraduate student of the Department of World Economy and International Business
Financial University under the Government of the Russian Federation
Moscow, Russian Federation
Abstract:
Task. The research is devoted to the specific of national welfare funds, their investment opportunities and parameters. The analysis of the investing characteristics is carried out on the example of the National Welfare Fund of Russia and The Government Pension Fund of Norway. Model. In order to identify the determining factors affecting the volume of national welfare funds’ investment, a panel regression model was built for the Government Pension Fund. Conclusions. The criteria for the classification of national welfare funds are presented. The factors with a significant impact on the investment volume for the Government Pension Fund of Norway are determined. Practical significance. The results of the study can be useful to representatives of the scientific community when analyzing the features of investing by national welfare funds. Originality. In addition to the existing classification of national welfare funds, a differentiation criterion is proposed depending on the investment model.
How to Cite:
Spitsina D.V., (2022), NWF INVESTMENT FEATURES AT THE PRESENT DEVELOPMENT STAGE OF THE WORLD ECONOMY. Economic Problems and Legal Practice, 3 => 104-113.
Reference list:
Abdullah Al-Hassan, Sue Brake, Michael G. Papaioannou, and Martin Skancke. IMF Working Paper. Commodity-based Sovereign Wealth Funds: Managing Financial Flows in the Context of the Sovereign Balance Sheet. -2018. https://www.imf.org/en/Publications/WP/Issues/2018/02/09/Commodity-based-Sovereign-Wealth-Funds-Managing-Financial-Flows-in-the-Context-of-the-45619.
Abdullah Al-Hassan; Sue Brake; Michael G. Papaioannou; Martin Skancke Commodity-based Sovereign Wealth Funds: Managing Financial Flows in the Context of the Sovereign Balance Sheet. February 9, 2018.
Ackah, I. (2021). No African country is Norway A perspective on sovereign wealth funds and the energy transition. Energy Research Social Science, 75, 102048. DOI: 10.1016/j.erss.2021.102048.
Aggarwal, R., Goodell, J. W. (2018). Sovereign wealth fund governance and national culture. International Business Review, 27(1), 78-92. DOI: 10.1016/j.ibusrev.2017.05.007.
Alam, Ashraful Uddin, Moshfique Yazdifar, Hassan, 2019. Institutional determinants of R D investment: Evidence from emerging markets Technological Forecasting and Social Change, Elsevier, vol. 138(C), pages 34-44.
D ring, S., Drobetz, W., El Ghoul, S., Guedhami, O., Schr der, H. (2020). Cross-Country Determinants of Institutional Investors Investment Horizons. Finance Research Letters, 101641. DOI: 10.1016/j.frl.2020.101641.
IMF. Monetary and Financial Statistics Manual and Compilation Guide 2016.
Machado E Silva, I. M., Medeiros Costa, H. K. de. (2019). Brazilian Social Funds: The lessons learned from the Norway fund experience. Energy Policy, 129, 161-167. DOI: 10.1016/j.enpol.2019.01.062.
Monetary and Financial Statistics Manual and Compilation Guide 2016.
Papaioannou, M. G., Rentsendorj, B. (2015). Sovereign Wealth Fund Asset Allocations-Some Stylized Facts on the Norway Pension Fund Global. Procedia Economics and Finance, 29, 195-199. DOI:10.1016/s2212-5671(15)01122-3.
Rempel, A., Gupta, J. (2020). Conflicting commitments Examining pension funds, fossil fuel assets and climate policy in the organization for economic co-operation and development (OECD). Energy Research Social Science, 69, 101736. DOI: 10.1016/j.erss.2020.101736.
Xue, W., He, Z., Hu, Y. (2021). The stabilizing effects of pension funds vs. mutual funds on country-specific market risk. Journal of Multinational Financial Management, 60, 100691. DOI: 10.1016/j.mulfin.2021.100691.
Official website of the Norwegian State Pension Fund. [Electronic resource] URL: https://www.nbim.no/ (accessed 21.04.2022).
Official website of the Institute of Corporate Finance. [Electronic resource] URL: https://corporatefinanceinstitute.com/resources/knowledge/trading-investing/sovereign-wealth-fund-swf/ (accessed 21.04.2022).
Official website of the Institute of Sovereign Wealth Funds. [Electronic resource] URL: https://www.swfinstitute.org (accessed 21.04.2022).
Official website of the Ministry of Finance of Russia. The National Welfare Fund. [Electronic resource] URL: https://minfin.gov.ru/ru/perfomance/nationalwealthfund/statistics/ (date of publication 21.04.2022).
Official website of the Organization for Economic Cooperation and Development. [Electronic resource] URL: www.oecd.org/fin/private-pensions/Pension-Funds-in-Figures-2021 (accessed 21.04.2022).
Official website of the Ethics Council. [Electronic resource] URL: https://etikkradet.no/annual-reports/ (accessed 21.04.2022).
Keywords:
sovereign wealth fund, national welfare fund, institutional investor, investment strategy, commodity financing, government pension fund.


Related Articles

10. Financial law; Tax law; Budgetary law Pages: 131-136 Issue №11645
INVESTMENT POLICIES AND STRATEGIES TO ATTRACT INVESTMENT IN SOUTH KOREA: A RETROSPECTIVE AND CURRENT STATUS
investment policy investment strategy South Korea investment loans
Show more