Performance and Governance of Swiss Pension Funds
39 Pages Posted: 11 Aug 2009
Date Written: June 1, 2008
Abstract
We investigate the relationship of pension fund governance and investment performance. For this purpose, we develop the Swiss Pensoin Fund Governance Index (SPGI) which is a standard metric for the governance quality of Swiss pension funds. The empirical analysis is based on a sample of 96 pension funds with total assets of more than CHF 190 billion. We find evidence for governance issues in the area organization and target setting. Our results support the widespread hypothesis of a positive relationship between pension fund governance and investment performance.
Keywords: Performance, Governance, Pension Funds
JEL Classification: G3, G11, G23
Suggested Citation: Suggested Citation
Do you have negative results from your research you’d like to share?
Recommended Papers
-
Administrative Costs in Public and Private Retirement Systems
-
"Public Sector Pension Governance and Performance"
By Olivia S. Mitchell and Ping Lung Hsin
-
Public Pension Governance, Funding, and Performance: A Longitudinal Appraisal
By Olivia S. Mitchell and Tongxuan Yang
-
By Estelle James, James H. Smalhout, ...
-
By Estelle James, Gary D. Ferrier, ...
-
By Olivia S. Mitchell and Roderick Carr
-
Pension Fund Governance and the Choice between Defined Benefit and Defined Contribution Plans
By Timothy J. Besley and Andrea Prat
-
Upgrading the Investment Policy Framework of Public Pension Funds
By Dimitri Vittas, Gregorio Impavido, ...
-
Informal Gold Mining and Mercury Pollution in Brazil
By Ajay Shah and Kshama Fernandes