What percentage of its assets should a defined benefit pension plan invest into stocks as its
funding ratio varies? We show that the answer to this question depends on the institutional …

The government directive via Treasury Circular No. 18/2010 required State Corporations to
convert from Defined Benefit Schemes (DBs) to Defined Contribution Schemes (DCs) design …

The number and size of China's commercial retirement Fund of Funds (FOFs) have
exploded since 2018, reflecting a dearth of Chinese retirement products and widespread …

This study provides new insight on the impact of supervisory board structure as an internal
governance mechanism on privately defined contribution pension fund performance in …

This study investigates the relationship between governance, investment performance and
asset allocation of pension funds in Switzerland. Our sample includes survey data from 139 …

We study whether pension fund board governance relates to asset allocation. Pension funds
with well-governed boards have greater international diversification, lower cash holdings …

Action from activists is at the origin of many initiatives that end up injecting moral concerns
into the way companies operate. In such instances, activists function as moral entrepreneurs …

This paper analyses the relationship between governance, asset allocation, and risk among
state and local government-operated pension systems in the United States of America. It is …

Os fundos de pensão movimentam elevado volume de recursos em nome de terceiros,
envolvendo milhões de trabalhadores, pelo que, considera-se que estas entidades devem …

Whereas debate about sovereign wealth funds (SWFs) often focuses upon the global
significance of their investment strategies, these institutions are also emblematic of the new …