Pension fund governance: expertise and organizational form
نویسندگان
چکیده
منابع مشابه
Pension Fund Governance and the Choice
Recent events in several countries have underscored the importance of good governance in private occupational pension plans. The present paper uses contract theory to analyze the interplay of residual claims and control rights in private pensions. The residual claimant is the plan sponsor in a defined benefit (DB) plan and the pool of beneficiaries in a defined contribution (DC) plan. The main ...
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Empirical studies show that people tend to be overconfident about the precision of their knowledge, leading to miscalibration. Consistent with this, we found that on overage the decision makers of Swiss pension plans provide too narrow confidence intervals when asked to estimate the past return of various assets. Their confidence intervals are also systematically too narrow in their forecast of...
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We analyze the relation between the location of a pension fund in its network and the investment performance, risk taking, and flows of the fund. Our approach analyzes the centrality of the fund’s management company by examining the number of connections it has with other management companies through their commonality in managing for the same fund sponsors or through the same fund consultants. ...
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ژورنال
عنوان ژورنال: Journal of Pension Economics and Finance
سال: 2004
ISSN: 1474-7472,1475-3022
DOI: 10.1017/s1474747204001556