scholarly journals Performance and governance of Swiss pension funds

2008 ◽  
Vol 9 (1) ◽  
pp. 95-128 ◽  
Author(s):  
MANUEL AMMANN ◽  
ANDREAS ZINGG
Keyword(s):  
Positive Relationship ◽  
Pension Fund ◽  
Pension Funds ◽  
Investment Performance ◽  
Target Setting ◽  
Governance Quality ◽  
Fund Governance ◽  
The Relationship ◽  
The Empirical Analysis

AbstractWe 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.

scholarly journals Earnings quality and governance quality: A comparative analysis between traditional and new Brazilian capital markets

2016 ◽  
Vol 14 (1) ◽  
pp. 605-610
Author(s):  
Helena Isidro ◽  
Maria Manuela Martins ◽  
Ilídio Tomás Lopes
Keyword(s):  
Corporate Governance ◽  
Financial Reporting ◽  
Positive Relationship ◽  
Earnings Quality ◽  
Traditional Market ◽  
Governance Practices ◽  
Governance Quality ◽  
The Relationship ◽  
The Empirical Analysis

This research focuses on the relationship between the quality of financial reporting and the level of corporate governance of Brazilian firms, particularly between New Market and Traditional Market. We measure earnings quality based on a widely used accruals model. Governance quality is represented by the type of market the firms chooses to be listed in. Firms that opt for the New Market must apply more stringent governance principles. The empirical analysis shows evidence of a positive relationship between the quality of financial reporting and the level of corporate governance. Thus, firms listed on the New Market characterized by better governance practices evidence better quality financial reporting.

scholarly journals ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KUALITAS LAPORAN KEUANGAN DANA PENSIUN

2012 ◽  
Vol 12 (2) ◽  
pp. 107
Author(s):  
Nur Hasanah
Keyword(s):  
Earnings Management ◽  
Significant Influence ◽  
Pension Fund ◽  
Audit Quality ◽  
Multiple Linear Regression Model ◽  
Pension Funds ◽  
Financial Reports ◽  
Fund Governance ◽  
Variable Performance

<span>This research aims to investigate the factors that influence to the quality of pension fund <span>financial reports, a proxy with earnings management. These factors related to corporate <span>governance. This research using 22 Pension Fund in Indonesia, which was established <span>and approved by the Minister of Finance until 2005 and still actively running the business as the Pension Fund by the end of 2009. The research period is taken is 4 years, starting in 2006 until 2009. This research used multiple linear regression model. The independent variable in this research include variable performance of the Pension Fund, the rights of stakeholders, disclosure, and type of Pension Fund that is predicted significant influence on the quality of pension fund financial reports. The result of this research showed that only the audit quality has positive and significant influence on the quality of Pension Fund financial reports, whereas for the variable performance of the Pension Fund, the rights of stakeholders, disclosure, and type of Pension Fund showed no significant effect on the quality of the financial reports of the Pension Fund. Variable types of the Pension Fund (sharia and non-sharia), no significant influence on the quality of Pension Fund financial reports, this can be expected because up to this time there are no special regulations for sharia Pension Funds. Sharia arrangements in relation to aspects of Sharia Pension Funds activities, such as guidelines for preparing<br />the financial reports of Sharia Pension Fund is still using regulations that apply to non Sharia Pension Fund. Simak<br />Keywords: Good corporate governance, good pension fund governance, Pension Fund financial reports, sharia pension fund, earnings management.<br /></span></span></span></span>

The impact of agency costs on the investment performance of Australian pension funds

2006 ◽  
Vol 5 (3) ◽  
pp. 299-324 ◽  
Author(s):  
ANTHONY D. F. COLEMAN ◽  
NEIL ESHO ◽  
MICHELLE WONG
Keyword(s):  
Agency Costs ◽  
Pension Fund ◽  
Conflicts Of Interest ◽  
Pension Funds ◽  
Performance Difference ◽  
Investment Performance ◽  
For Profit ◽  
Not For Profit ◽  
The Impact ◽  
The Relationship

This paper evaluates the overall investment performance of Australian pension funds by examining the determinants of risk-adjusted performance, and the relationship between risk, returns, and expenses. Using quarterly return data for 225 pension funds comprising 68% of total prudentially regulated pension fund assets, we find significant differences exist across fund types. On both a net return and risk-adjusted performance basis, not-for-profit funds significantly outperformed for-profit funds over the seven years to June 2002. We suggest that the performance difference is consistent with the hypothesis that agency costs in for-profit funds (due to non-representative trustee board structures and potential board member conflicts of interest) are greater than agency costs in not-for-profit funds (with representative trustee boards).

scholarly journals DETERMINANTS INFLUENCING PENSION FUND INVESTMENT PERFORMANCE IN KENYA

2018 ◽  
Vol 3 (1) ◽  
pp. 14
Author(s):  
Anthony Kyanesa Mutula ◽  
Dr. Assumptah Kagiri
Keyword(s):  
Pension Fund ◽  
Multiple Linear Regression Model ◽  
Target Population ◽  
Pension Funds ◽  
Primary Data ◽  
Investment Strategies ◽  
Investment Performance ◽  
Descriptive Research ◽  
Fund Investment ◽  
Regulation Compliance

Purpose: The purpose of the study was to investigate the determinants influencing pension fund investment performance in Kenya.Methodology: The study employed a descriptive research design. The study target population was all the 33 registered pension funds in Kenya, and the sample size was 66 senior employees involved in decision making. The study adopted a census approach and therefore data was collected from all the 33 registered pension funds. A questionnaire was used to collect primary data from the selected respondents. The data collected was analyzed using the statistical package for social sciences (SPSS) version 23.0. The software was used to produce frequencies, descriptive and inferential statistics which was used to derive generalizations and conclusions regarding the population. Multiple linear regression model was used to measure the relationship between the independent variables and the dependent variable. The study findings were presented using figures and tables.Results: The study findings revealed a positive and significant relationship between diversification decisions, management competency, investment strategies, regulation compliance and investment performance of pension funds in Kenya.Unique contribution to theory, practice and policy: The study recommended that the management of pension funds should establish a strong organization structure and policy implementation, which will enhance their portfolio composition; the firms should have highly competent management; should incorporate investment literacy and capability programs in their organizations; and should continue adhering to the set regulations.

scholarly journals The Psychological and Demographic Factors of Quality of Life in Older Adults

2020 ◽  
Vol 2 (1) ◽  
pp. 45-59
Author(s):  
Indra Yohanes Kiling ◽  
Johana Endang Prawitasari
Keyword(s):  
Quality Of Life ◽  
Older Adults ◽  
Regression Analysis ◽  
Older Adult ◽  
Psychological Factors ◽  
Positive Relationship ◽  
Demographic Factors ◽  
The Relationship ◽  
Major Hypothesis

This research aims to determine the relationship between psychological and demographic factors, which are dispositional optimism, and self-efficacy are the psychological factors, meanwhile home, sex and ethnicity as the demographic factors of quality of life in the older adults. The major hypothesis of this research proposed that there are positive relationship from both psychological factors and demographic factors to the quality of life in older adults. This study involved 53 older adult peoples. The result of multiple regression analysis shows that there is a positive relationship from all five variables to the quality of life in older adults as big as 76,5% (Adjusted R2= 0,765). This result means that both the psychological and demographic factors do have effective contributions to the quality of life in older adult people. The results of t-tests are also discussed.

The Performance of Educational Institutions Through the Electronic Records Management Systems

2020 ◽  
pp. 1578-1598
Author(s):  
Muaadh Mukred ◽  
Zawiyah M. Yusof
Keyword(s):  
Quantitative Method ◽  
Positive Relationship ◽  
Educational Institutions ◽  
Records Management ◽  
Qualitative Approaches ◽  
System Information ◽  
Improved Performance ◽  
The Relationship ◽  
Electronic Records Management

This article discusses the relationship between educational institutes that use ERMS and the performance of those institutions. This article uses a mixed explanatory method that incorporated quantitative and qualitative approaches. The quantitative method collected the responses from 364 participants. This was followed by a qualitative approach where experts were interviewed to verify the model. The results generated using the quantitative approach demonstrated that the quality of the system, information, and service as well as the security provided by the system had a significant positive relationship with the successful adoption of ERMS, which in turn improved performance. Moreover, the qualitative results that gathered through the experts confirmed the findings and contributed to enriching the understanding of the adoption of ERMS in educational institutions.

scholarly journals Governance quality, foreign direct investment, and entrepreneurship in emerging markets

2019 ◽  
Vol 26 (2) ◽  
pp. 238-264
Author(s):  
Nam Hoai Tran ◽  
Chi Dat Le
Keyword(s):  
Emerging Economies ◽  
Institutional Context ◽  
Emerging Countries ◽  
Entrepreneurial Activity ◽  
Outward Fdi ◽  
Content Type ◽  
Necessity Entrepreneurship ◽  
Governance Quality ◽  
The Relationship

Purpose The purpose of this paper is to thoroughly investigate the interplay between institutions, foreign direct investment (FDI) and entrepreneurship in the context of emerging markets (EMs). Design/methodology/approach The authors argue that the impact of FDI on entrepreneurial activity depends on different natures of capital flow and entrepreneurial motivation and relates to the quality of institutional environment. First, the roles of inward and outward FDI are examined in connection with the new firm creation by opportunity- and necessity-motivated entrepreneurs. Second, the integrated influences of (inward/outward) FDI and governance quality (GQ) on (opportunity/necessity) entrepreneurship are tested. This nexus of relationships is analyzed through segmented regressions using the GEM data of 39 EMs over the 2004–2015 period. Findings It is evidenced that the quality of governance infrastructure affects the relationship between FDI and entrepreneurship: in emerging countries with low GQ, opportunity entrepreneurship is stimulated by inward FDI and diminished by outward FDI; and in emerging countries with high GQ, necessity entrepreneurship is discouraged by inward FDI and promoted by outward FDI. Practical implications This research has implications for the institutional context-based execution of public policy in emerging economies. As the entrepreneurial effects of inward and outward FDI are pronounced differently under the two types of entrepreneurship and the two extremes of GQ, public policy makers who recognize the catalytic role of FDI in domestic business development should take the distinct institutional context of their country into consideration. Originality/value The paper contributes to the extant literature on international entrepreneurship in emerging economies by making a breakdown on the roles played by different types of FDI in the entrepreneurial activity, analyzing the mediating effects of GQ on the relationship between inward/outward FDI and entrepreneurship, and interpreting the capital and institutional determinants of entrepreneurship in terms of entrepreneurial motivations by opportunity and necessity.

scholarly journals Contribution of the analysis of technical efficiency to the improvement of the management of services

DYNA ◽  
2015 ◽  
Vol 82 (191) ◽  
pp. 176-182
Author(s):  
David López-Berzosa ◽  
Carmen De Pablos-Heredero ◽  
Carlos Fernandez-Renedo
Keyword(s):  
Technical Efficiency ◽  
Empirical Analysis ◽  
Health Systems ◽  
Positive Relationship ◽  
Organizational Structures ◽  
Necessary Condition ◽  
Efficiency Measures ◽  
The Empirical Analysis ◽  
Quality Indexes

The technical efficiency measures the ability that a system offers at maximizing the result restricted to budgetary restrictions. This article offers formal methods to quantify the technical efficiency in health systems and the influences of organizational structures and internal processes in the observed technical efficiency are also analyzed. The empirical analysis is focused on the quality of donation and transplant services. The results show a positive relationship between the levels related to quality indicators and the observed technical efficiency in the donation and transplant units of the 11 analyzed hospitals. This way it is possible to conclude that high levels in the quality indexes are a necessary condition to reach an increased level of the service offered.

scholarly journals Trust-Driven Entrepreneurship for Community Well-Being of Refugees and Their Local Hosts

2020 ◽  
pp. 027614672093515
Author(s):  
Zeynep Baktir ◽  
Forrest Watson
Keyword(s):  
Quality Of Life ◽  
Positive Relationship ◽  
Social Trust ◽  
Well Being ◽  
Business Owners ◽  
Theory And Practice ◽  
Institutional Trust ◽  
Local Interactions ◽  
The Relationship

This article explores community well-being (CWB) outcomes of institutional trust (and distrust) through entrepreneurship in the context of a refugee-hosting society in Turkey. Existing studies show the positive relationship between institutional trust and quality of life (QOL) as well as entrepreneurship and QOL in subsistence contexts. This research, however, explores the relationship between institutional (dis)trust and entrepreneurship on a path to CWB with a special emphasis on refugee and local interactions in the marketplace. Three different paths to the QOL of refugees and/or locals are presented, but only two lead to CWB outcomes encompassing both refugees and locals. Consideration of refugees and locals as both consumers and business owners provides perspective on the interplay between social trust and institutional trust in a socio-culturally heterogeneous subsistence context. The article also discusses implications for theory and practice.

Parolee–Parole Officer Rapport: Does It Impact Recidivism?

2017 ◽  
Vol 62 (11) ◽  
pp. 3581-3602 ◽  
Author(s):  
Alyssa W. Chamberlain ◽  
Matthew Gricius ◽  
Danielle M. Wallace ◽  
Diana Borjas ◽  
Vincent M. Ware
Keyword(s):  
Positive Relationship ◽  
Negative Relationship ◽  
Violent Offender ◽  
Parole Officer ◽  
Officer Training ◽  
High Quality ◽  
Parole Officers ◽  
It Impact ◽  
The Relationship

Parole officers are an integral part of parolees’ reentry process and success. Few studies, however, have examined whether the quality of the relationship between parolees and their parole officer influences outcomes such as recidivism. This study assesses how recidivism is affected by the quality of the relationship that parolees have with their parole officers. Using the Serious and Violent Offender Reentry Initiative (SVORI) dataset, we use parolees’ perceptions of their relationship with their parole officer to determine whether they have established a positive or negative relationship, and whether these types of relationships differentially affect recidivism. Results show that parolees who have a negative relationship with their parole officer have higher rates of recidivism, while a positive relationship lowers parolees’ likelihood of recidivating. An implication of this study emphasizes parole officer training that develops positive, high-quality relationships with parolees. Further implications are discussed below.

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