analytic mean (Page 484-486)

analytic mean (Page 484-486) - development when they are...

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development when they are choosing their targets. Finally, this paper reveals that sovereign wealth funds do not show a preference for high-tech firms. This finding contradicts the often suggested notion that sovereign wealth funds invest abroad in order to import innovation to their home country. Fernandes’s large data set appears to document the landscape of sovereign wealth fund investment strategies well. Bortolotti, Fotak, Megginson and Miracky (2010) find three typical characteristics of
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