This paper analyses the relationship between governance, asset allocation, and risk among state and local government-operated pension systems in the United States of America. It is argued that governance influences investment decisions and risk profiles of public sector pension systems, creating...

State tax revenues continue, since the Great Recession, to experience elevated volatility relative to previous decades. The elevated tax revenue volatility is due to both economic uncertainty and the riskiness of the tax portfolios state governments are holding. Since the Great Recession, 18...

Abstract: Venture Capital-Geber leisten einen entscheidenden Beitrag zur Finanzierung von jungen innovativen Unternehmen. Diese Investoren engagieren sich nicht nur monetär, sondern beraten die Jungunternehmer auch. Dabei ist die Beziehung zwischen den beiden Parteien durch eine Vielzahl von...