PECULIARITIES OF PERFORMANCE MEASUREMENT IN SOVEREIGN WEALTH FUNDS
Journal Title: Вісник Київського національного університету імені Тараса Шевченка. Економіка. - Year 2014, Vol 1, Issue 154
Abstract
Sovereign wealth funds as the subjects of economic relations are analyzed and the main approaches to the assessment of their activities are discussed. Reasons for the need to develop governance system for each type of organization depending on the external environment characteristics and activities of the organization are outlined. The approach of contingency theory is suggested to be applicable to determine the balanced approach towards performance measurement in sovereign wealth funds due to high complexity of the environment. The dependence of the performance measurement system and the strategic objectives of the funds and economic policy objectives of the government are indicated. Main motives for establishment of the sovereign wealth fund are suggested and four main areas for sovereign wealth fund's performance are defined: financial indicators, clients, internal processes, learning and growth. The transformation of international financial archirecture is recognized as a factor that influences both strategic objectives of the sovereign wealth funds and the system of performance measurement implementation.
Authors and Affiliations
Mariya Onopko
Keywords
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- EP ID EP403041
- DOI 10.17721/1728-2667.2014/154-1/21
- Views 58
- Downloads 0
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