The impact of investments made by the Saudi Public Investment Fund on the financial performance of companies that have received funding

dc.contributor.advisorRowe, Nicholas
dc.contributor.authorGhasib, Alya
dc.date.accessioned2024-12-15T09:54:53Z
dc.date.issued2024-09-11
dc.description.abstractThe research purpose is to investigate how the Saudi public investment fund (PIF) investments affected financial performance of target companies. This performance was also compared with the investments made by the world largest sovereign wealth fund (SWF) from Norway. The study uses a sample of 142 companies for the period from 2010 to 2023. The method of analysis is panel regressions with t-tests. The dependent variables are represented by return on assets (ROA), return on capital employed (ROCE), return on equity (ROE) and net profit margin as accounting performance measures, and annual stock return as a market measure. The results reveal that both the SWF and PIF produced statistically significant negative effects on the financial performance of their target companies. This has implications for investors and corporate managers. The results are limited by the inclusion of only two funds and future studies are recommended to expand the sample to all SWFs available in the world.
dc.format.extent62
dc.identifier.urihttps://hdl.handle.net/20.500.14154/74189
dc.language.isoen
dc.publisherUniversity of Essex
dc.subjectsovereign wealth fund
dc.subjectPIF
dc.subjectROA
dc.subjectROE
dc.titleThe impact of investments made by the Saudi Public Investment Fund on the financial performance of companies that have received funding
dc.typeThesis
sdl.degree.departmentEssex Business School
sdl.degree.disciplinesovereign wealth fund
sdl.degree.grantorUniversity of Essex
sdl.degree.nameMaster of Science

Files

Original bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
SACM-Dissertation.pdf
Size:
186.77 KB
Format:
Microsoft Word XML

License bundle

Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.61 KB
Format:
Item-specific license agreed to upon submission
Description:

Copyright owned by the Saudi Digital Library (SDL) © 2025