Płynność, rentowność, dywidenda czy wielkość? Dominujące kryterium inwestycyjne inwestora instytucjonalnego na przykładzie państwowego funduszu majątkowego
Liquidity Profitability Dividend or Size? The Dominant Investment Criteria of Institutional Investor on the Example of Sovereing Wealth Fund

Summary/Abstract: Purpose – The aim of this paper is to identify the main factor determining the investment decision of sovereign wealth funds. Design/methodology/approach – Using financial indicators of companies listed on the London Stock Exchange this paper employ logistic regression models to analyze investment preferences of sovereign wealth funds. Findings – The study indicates that stock liquidity is the main determinant in targeting companies for investment. Originality/value – The empirical findings point out to differences in investment preferences within the group of four sovereign wealth funds.

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