Show simple item record

Regulatory Environment and Pension Investment Performance

hal.structure.identifierCentER, Netspar, and Tilburg University
dc.contributor.authorBoon, Ling-Ni*
hal.structure.identifier
dc.contributor.authorBrière, Marie*
hal.structure.identifierDauphine Recherches en Management [DRM]
dc.contributor.authorGresse, Carole*
hal.structure.identifierCentER, Netspar, and Tilburg University
dc.contributor.authorWerker, Bas J. M.*
dc.date.accessioned2014-07-01T09:29:57Z
dc.date.available2014-07-01T09:29:57Z
dc.date.issued2013-06
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/13629
dc.language.isoenen
dc.subjectRégulation bancaire et financièreen
dc.subjectFonds d'épargne-retraiteen
dc.subjectFunded pensionen
dc.subjectPension regulationen
dc.subject.ddc332en
dc.subject.classificationjelG.G2.G23en
dc.subject.classificationjelG.G2.G28en
dc.subject.classificationjelH.H5.H55en
dc.titleRegulatory Environment and Pension Investment Performanceen
dc.typeCommunication / Conférence
dc.contributor.editoruniversityotherUniversité Libre de Bruxelles;Belgique
dc.contributor.editoruniversityotherTilburg University;Pays-Bas
dc.description.abstractenUsing the most comprehensive publicly available data to-date, we study the effect of three aspects of pension regulation (namely quantitative investment restrictions, minimum return or benefit guarantee, and the type of supervising authority) on risk-adjusted funded pension performance in 27 countries. Regulatory strictness’ influence on the Sharpe ratio of investment return depends on a country’s level of economic development. In emerging market economies, existence of quantitative investment restrictions across asset classes adversely affects risk-adjusted returns. This impact is more severe if higher investment limits are imposed on equities and foreign assets, as opposed to on bonds. Having a minimum benefit or return guarantee, as well as having a specialized supervising authority has no statistically significant effect on the risk-adjusted returns regardless of economic development.en
dc.identifier.citationpages15en
dc.subject.ddclabelEconomie financièreen
dc.relation.conftitle11th Workshop on Pension, Insurance and Savingsen
dc.relation.confdate2013-06
dc.relation.confcityParisen
dc.relation.confcountryFranceen
dc.relation.forthcomingnonen
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewednon
hal.identifierhal-01492619*
hal.version1*
hal.update.actionupdateMetadata*
hal.author.functionaut
hal.author.functionaut
hal.author.functionaut
hal.author.functionaut


Files in this item

Thumbnail
Name:
Boon__Briere__Gresse__Werker_2.pdf
Size:
395.9Kb
Format:
PDF
View/Open

This item appears in the following Collection(s)

Show simple item record