Finanzmarktregulierung am Beispiel von Sovereign Wealth Funds - Ursprung und Wirksamkeit

The emergence of investments by Sovereign Wealths Funds (SWFs) in western countries have evoked political action to protect private companies from the assumed negative influence of these funds. The U.S and Germany have recently taken action to regulate inward investment flows. The choice of the regulation of SWFs is determined by the influence of a small number of companies from different branches with particular interests with regard to protectionism. Features such as size and homogenity of societal actors have an impact on their power of influence. Furthermore, prevailing institutional structures determine the enforcement of regulation and cause a continuing liberal investment policy.