Performance and governance of Swiss pension funds

被引：9

作者：

Ammann, Manuel ^{[1
]}

Zingg, Andreas ^{[1
]}

机构：

[1] Univ St Gallen, Swiss Inst Banking & Finance, CH-9000 St Gallen, Switzerland

来源：

JOURNAL OF PENSION ECONOMICS & FINANCE | 2010年 / 9卷 / 01期

关键词：

D O I：

10.1017/S1474747208003788

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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.

引用

页码：95 / 128

页数：34

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