PUBLIC PENSION GOVERNANCE AND ASSET ALLOCATION

This paper analyses the relationship between governance, asset allocation, and risk among state and local government-operated pension systems in the United States. It is argued that governance influences investment decisions and risk profiles of public sector pension systems, creating the potential for agency problems to exist between decision makers, plan members, and taxpayers.

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Year of publication:	2008-06-02
Authors:	Dobra, Matt
Institutions:	Department of Econometrics and Business Statistics, Monash Business School
Subject:	public pension governance \| portfolio management

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Extent:	application/pdf
Series:	Monash Economics Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 14/08 31 pages
Classification:	J2 - Time Allocation; Work Behavior; Employment Determination and Creation ; H7 - State and Local Government; Intergovernmental Relations ; D7 - Analysis of Collective Decision-Making ; G2 - Financial Institutions and Services
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005064055