Performance and Governance of Swiss Pension Funds
Journal
Journal of Pension Economics and Finance
ISSN
1474-7472
ISSN-Digital
1475-3022
Type
journal article
Date Issued
2010-01-01
Author(s)
Abstract
We investigate the relationship between pension fund governance and investment performance. For this purpose, we develop the Swiss Pension 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.
Language
English
HSG Classification
contribution to scientific community
Refereed
Yes
Publisher
Cambridge University Press
Publisher place
New York
Volume
9
Number
1
Start page
95
End page
128
Pages
34
Subject(s)
Eprints ID
47632
File(s)![Thumbnail Image]()
Name
Ammann_Zingg_2008_Performance and Governance of Swiss Pension Funds.pdf
Size
194.24 KB
Format
Adobe PDF
Checksum (MD5)
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