Search Results - subject:"PENSION FUNDS"

Pension fund state estimation and optimal investment strategy

Lešek, Marek; Šimandl, Miroslav - In: Bulletin of the Czech Econometric Society 12 (2005)

A design and utilization of a mathematical model of the contribution defined pension fund is treated. The mathematical model respects the specific character and economical rules of supplementary pension system in the Czech Republic. The state of the new mathematical model is partly immeasurable....

Persistent link: https://www.econbiz.de/10008528802

Risk Appetite, Home Bias and the Unstable Demand for Emerging Market Assets

Babilis, Sofia; Fitzgerald, Valpy - In: International Review of Applied Economics 19 (2005) 4, pp. 459-476

Home bias arises when the actual portfolio of an investor consists of a smaller proportion of foreign assets than that predicted by standard portfolio theory for the observed set of risks and returns on available assets. The existence and persistence of home bias undermines the theoretical case...

Persistent link: https://www.econbiz.de/10005445802

â€œFiduciary Capitalism,â€ the â€œPolitical Model of Corporate Governance,â€ and the Prospect of Stakeholder Capitalism in the United States

Brennan, David M. - In: Review of Radical Political Economics 37 (2005) 1, pp. 39-62

As progressive pension reforms seek to increase the opportunities for stakeholder involvement, they confront an existing set of class relations that by design exclude workers, retirees, and the state from real economic participation. This article argues that pension reforms must explicitly...

Persistent link: https://www.econbiz.de/10010797242

The Governance of Occupational Pension Funds and the Politico- Economic Implications: The Case of Austria

Schmitz, Stefan W. - EconWPA - 2005

This paper analyses the efficacy of the governance structure of occupational pension funds (Pensionskassen – PKs) in …-term guarantees for beneficiaries of occupational pension funds are substantial and aggravated by the governance structure at the …

Persistent link: https://www.econbiz.de/10005561560

Trustworthiness of investment manager

Wintoro, Djoko - In: Managerial Finance 31 (2005) 4, pp. 57-66

The relationship between trustees of pension funds and investment managers has been well recognised in invest … research findings of this study shows that (1) trust is an important factor in the relationship between trustees of pension … funds and investment managers; and (2) the key factors of trust worthiness of investment managers are determined by their …

Persistent link: https://www.econbiz.de/10014939799

Pensioenen in de toekomst : Voorstellen ter oplossing van de financieringsproblematiek

nelissen, jan - Tilburg University, Work and Organization Research Centre - 1994

Persistent link: https://www.econbiz.de/10011093053

Public Pension System in Portugal (text in POLISH)

Stanko, Dariusz - EconWPA - 2004

This paper presents quite recent (2003) review of the Portuguese pension system with a particular focus on the public pension provision organised by the state. First part briefly explains the origins of the system. Chapter two focuses on the structure of the pension system, with a general...

Persistent link: https://www.econbiz.de/10005076582

Liability‐driven investment: can the fixed interest markets deliver?

Mariathasan, Joseph - In: Balance Sheet 12 (2004) 5, pp. 13-18

The investment strategies which pension funds need to put into place are complex and, in recent years, have been …

Persistent link: https://www.econbiz.de/10014689142

THE BEQUEST MOTIVE AND SINGLE PEOPLE’S DEMAND FOR LIFE ANNUITIES

VIDAL-MELIA, CARLOS; LEJÁRRAGA-GARCÍA, ANA - EconWPA - 2004

The main objective of this paper is to go deeper into the “annuity puzzle” by introducing the altruistic and strategic bequest motive and determining whether this really is a relevant factor affecting the theoretical decision to purchase life annuities. With this end in view we develop an...

Persistent link: https://www.econbiz.de/10005125995

A Comparative Analysis of the Costs of Italian Individual Pension Plans

Fornero, Elsa; Fugazza, Carolina; Ponzetto, Giacomo - Centre for Research on Pensions and Welfare Policies … - 2004

insurance policies and open pension funds, which are new products in the Italian savings market. For lack of data on annuities … existence of a substantial dichotomy in the market. On one side, open pension funds have moderate costs, close to those of … voluntary pension plans in other countries and also to those of the Italian occupational pension funds (i.e. the second pillar …

Persistent link: https://www.econbiz.de/10005012815