Science Explorer Back to mapMap
Discussion
Topic · Strategy and Management

State Capitalism and Financial Governance

State Capitalism and Financial Governance is a research topic within Strategy and Management. Science Explorer counts 13k research works in it since 1950. 10.3% of them reached the world's top 10% most cited for their field and year.

This cluster of papers explores the investment strategies, impact on global financial markets, and governance structures of sovereign wealth funds. It delves into the implications for state capitalism, national security, and corporate finance, while also discussing the ethical guidelines and financial stability associated with these funds.

  • Sovereign Wealth Funds
  • Investment Strategies
  • State Capitalism
  • Global Financial Markets
  • Governance Structures
  • Financial Stability
  • National Security
  • Corporate Finance
  • Asset Allocation
  • Ethical Guidelines
Research works
13k
fractional, since 1950
In the world top 10%
1.3k
per year above
Top-10% rate
10.3%
share of its works in the world top 10%
Growth, 2018-21 → 2022-25
+19%
the tick is no change
Largest producer
United States
36% of the 10 largest, 2022-now
State Capitalism and Financial Governance

Which countries lead State Capitalism and Financial Governance research?

By volume, the United States and China publish the most (586 and 250 works in 2022-now).

By volume, 2022-now

  1. 1 United States 586 works
  2. 2 China 250 works
  3. 3 United Kingdom 250 works
  4. 4 France 89 works
  5. 5 India 84 works
  6. 6 Italy 80 works
  7. 7 Germany 80 works
  8. 8 Australia 75 works
  9. 9 Türkiye 74 works
  10. 10 Russia 67 works

How concentrated that is

The same countries as shares of everything the list above accounts for. A node where two countries do two thirds of the work and one spread evenly across twelve read alike as a ranking and not at all alike here.

United States: 35.9%China: 15.3%United Kingdom: 15.3%France: 5.5%6 others listed: 28.1%36%largest
United States586 · 35.9%China250 · 15.3%United Kingdom250 · 15.3%France89 · 5.5%6 others listed459 · 28.1%

Shares of the rows listed above, not of the whole node.

Which institutions lead State Capitalism and Financial Governance research?

By volume in 2022-now, Florida Atlantic University publishes the most State Capitalism and Financial Governance research, followed by Stevens Institute of Technology and Nanjing University of Finance and Economics.

By volume, 2022-now

  1. 1 Florida Atlantic UniversityUnited States 40 works
  2. 2 Stevens Institute of TechnologyUnited States 38 works
  3. 3 Nanjing University of Finance and EconomicsChina 28 works
  4. 4 Centre National de la Recherche ScientifiqueFrance 18 works
  5. 5 University of OxfordUnited Kingdom 18 works
  6. 6 King's College LondonUnited Kingdom 16 works
  7. 7 Yale UniversityUnited States 14 works
  8. 8 Russian Academy of SciencesRussia 12 works
  9. 9 London School of Economics and Political ScienceUnited Kingdom 11 works
  10. 10 Bucharest University of Economic StudiesRomania 11 works

Who are the leading researchers in State Capitalism and Financial Governance?

The most-cited researchers publishing on State Capitalism and Financial Governance include Andrei Shleifer, Michael C. Jensen and David F. Larcker.

  1. 1 Andrei Shleifer United States 234k citations
  2. 2 Michael C. Jensen United States 203k citations
  3. 3 David F. Larcker United States 197k citations
  4. 4 Jacob Cohen Israel 170k citations
  5. 5 Joseph E. Stiglitz United States 167k citations
  6. 6 Michael E. Porter United States 165k citations
  7. 7 Daron Acemoğlu United States 164k citations
  8. 8 Robert W. Vishny United States 137k citations

Ranked by citations received across their whole record, among researchers with at least three works on this topic.

What are the most cited papers in State Capitalism and Financial Governance?

The most cited paper in State Capitalism and Financial Governance is "Investor protection and corporate governance" (Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer et al., 2000), with 6,360 citations. Next come "PORTFOLIO SELECTION*" (5,546) and "Whom You Know Matters: Venture Capital Networks and Investment Performance" (1,952).

Most cited papers
#PaperReleasedCitations
1 Investor protection and corporate governance Rafael La Porta, Florencio López‐de‐Silanes, Andrei Shleifer et al. · Journal of Financial Economics Open access 2000 6,360
2 PORTFOLIO SELECTION* Harry M. Markowitz · The Journal of Finance Mar 1952 5,546
3 Whom You Know Matters: Venture Capital Networks and Investment Performance Yael V. Hochberg, Alexander P. Ljungqvist, Lu Yang · The Journal of Finance Open access 11 Jan 2007 1,952
4 Corporate governance in the Asian financial crisis Simon Johnson, Peter Boone, Alasdair Breach et al. · Journal of Financial Economics 2000 1,894
5 Dividends and Expropriation Mara Faccio, Larry H.P. Lang, Leslie S.F. Young · American Economic Review Mar 2001 1,716
All 101 most cited papers, with filters and sorting

Where is State Capitalism and Financial Governance research done?

The largest centres of State Capitalism and Financial Governance research in 2022-now are London (United Kingdom), Beijing (China), Washington D.C. (United States) and Moscow (Russia). Among places with at least 20 works in it, it is an unusually large share of all research in Hoboken and Boca Raton.

Largest cities, 2022-now

  1. 1 LondonUnited Kingdom 84 works
  2. 2 BeijingChina 62 works
  3. 3 Washington D.C.United States 58 works
  4. 4 MoscowRussia 42 works
  5. 5 New YorkUnited States 41 works
  6. 6 Boca RatonUnited States 40 works
  7. 7 HobokenUnited States 38 works
  8. 8 NanjingChina 34 works
  9. 9 ParisFrance 33 works
  10. 10 Hong KongChina 22 works

Where it is the local speciality

  1. HobokenUS · 37.9 works114×
  2. Boca RatonUS · 39.9 works81×
← less than its size predicts1×more →

Location quotient: how much more of its research is in State Capitalism and Financial Governance than the world average.

See State Capitalism and Financial Governance on the map

Where is the best place to study State Capitalism and Financial Governance?

Among universities, judged by research, Nanjing University of Finance and Economics, Stevens Institute of Technology and King's College London score highest, combining citation excellence, specialisation, size, growth and international reach. Research strength is one signal when choosing where to study; it does not measure teaching.

0%20%40%mean 16.72%fractional works in this field (log) →share of work in the world top 10% →University of Britis…Nanjing University o…King's College LondonStevens Institute of…
above the meannear itbelow it

One dot per university in the first ten of the table below, at the default weights. The upper left is the interesting corner: small places doing unusually strong work.

Citation excellenceshare of its work in the world top 10%, 2022-now and all time averaged
40%
Specialisationhow much of its work is in this field, counted up to 10× the world share
10%
Sizeits output in this field, on a log scale
30%
Growthoutput growth, counted from -20% to +20%
10%
Internationalshare of its work with a co-author abroad
10%
Each slider sets a weight; the share it gets of the score is beside it.
#UniversityScoreTop 10%SpecialisationWorksGrowth
1Nanjing University of Finance and EconomicsChina 75.123.4%96.5×28 -
2Stevens Institute of TechnologyUnited States 58.79.3%138.3×38 -
3King's College LondonUnited Kingdom 58.29.6%8.3×16 +76.4%
4University of British ColumbiaCanada 57.432.0%3.3×9 +89.8%
5Copenhagen Business SchoolDenmark 56.418.5%27.5×10 +30.2%
6London School of Economics and Political ScienceUnited Kingdom 55.824.2%22.0×12 -54.8%
7National University of SingaporeSingapore 52.122.3%4.0×10 +22.4%
8University of OxfordUnited Kingdom 51.810.8%5.7×18 -11.1%
9City University of Hong KongChina 51.816.0%6.6×8 +53.9%
10Florida Atlantic UniversityUnited States 51.41.1%95.8×40 +1488.9%

Universities only. The score blends citation excellence (40%), size (30%), specialisation (10%), growth (10%), international reach (10%), 2022-now; growth compares 2018-21 with 2022-25 and counts up to +20%, since a jump from a small base is mostly noise.

Every institution in State Capitalism and Financial Governance, country by country

Is State Capitalism and Financial Governance research growing?

Output in 2022-2025 was 19% higher than in 2018-2021, peaking in 2024. The fastest-growing topics are State Capitalism and Financial Governance.

still counting19801990200020102020
grewheldshrank

The same series as a ribbon: one cell per year, darker for more. The line above answers how much; this answers when.

Its share of all research

Growing output can still be a shrinking share: all of science grows. This is State Capitalism and Financial Governance as a percentage of every work published that year, 0.012% in 2024.

still counting0.010%0.020%State Capitalism and Financial Governance0.011% in 202519801990200020102020

Fractional works of State Capitalism and Financial Governance over all fractional works that year. How the balance of science has shifted.

How much of it reaches the world top 10%

Year by year.

still counting5%10%15%State Capitalism and Financial Governance11.3% in 2025200020102020

Of each year's works in it, the share that reached the world's 10% most cited for their field and year. A field is the world for its own topics, so there is no other line to hold it against.

Which topics inside it are moving

Growth and decline on one axis around a shared zero. Two lists side by side hide the thing that matters: whether the growth dwarfs the decline, or the other way round.

Discussion

Ask a question or share a note about State Capitalism and Financial Governance. Keep it to the research: no personal attacks, advertising or links. Any reader can report a post, which collapses it for everyone until it is opened.