This study provides new empirical evidence on the impact of board structure, as an internal governance mechanism, on privately defined contribution pension fund performance. Using a hand-collected dataset, we find evidence that the chairman, as a motivated insider, plays an important role in...

This study provides new evidence on the impact of governance on the performance of privately defined contribution pension plans. Using a hand collected data set on governance factors, the study shows that the external and internal governance mechanisms in pension plans are weak. One explanation...

This study analyses the impact of political connections on the operational performance of non-financial firms in a context of a post-transition European economy. Using a new and detailed data set covering the 2001-2011 period, we found that politically connected firms are much more numerous in...