State and Local Pension Fund Governance and the Process of Contracting for Investment Services: The Scope of Diversity and the Problem of Embeddedness

2014 ◽  
Vol 2 (2) ◽  
pp. 150-172 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Pension Fund ◽  
State And Local ◽  
Fund Governance

Public-sector Contracting for Investment Services

2017 ◽  
Author(s):  
Gordon L. Clark ◽  
Ashby H. B. Monk ◽  
Gordon L. Clark ◽  
Ashby H. B. Monk
Keyword(s):  
Financial Services ◽  
Pension Fund ◽  
Institutional Design ◽  
Economic Significance ◽  
The Us ◽  
Public Pension Fund ◽  
State And Local ◽  
Administration And Supervision ◽  
Institutional Ecology ◽  
The City

In Chapter 7, the focus shifts to public agents and the process of contracting financial services and local pension funds in the US states. The costs of governing and managing this sector are addressed and an idealized model of the institutional design, administration, and supervision of the investment management process is introduced, laying out the forms and functions of pensions in relation to their beneficial purpose. In a brief overview of the US state and local PERS sector, its economic significance and distinctive institutional ecology are noted. The authors’ research demonstrates the extent to which the market for financial services in the US public pension-fund sector is Balkanized, implying significant transaction costs for both the buy and sell sides of the market, more often found at the city or metropolitan level than among funds within states or between funds of adjacent states.

Pension Fund Governance

2008 ◽  
Author(s):  
John Evans ◽  
Michael Orszag ◽  
John Piggott
Keyword(s):  
Pension Fund ◽  
Fund Governance

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>

scholarly journals Let the Chickens Run the Henhouse? Democratizing Pension Funds: Corporate Governance and Accountability by Ronald B. Davis

2009 ◽  
pp. 285-290
Author(s):  
Randy Bauslaugh
Keyword(s):  
Decision Making ◽  
Corporate Governance ◽  
Pension Fund ◽  
Pension Funds ◽  
Environmental Responsibility ◽  
Central Thesis ◽  
Potential Benefits ◽  
Fund Governance

The central thesis of this interesting, but clearly labour biased book, is that employees or plan beneficiaries ought to exercise greater decision-making control over the pension funds they participate in. In this way, Professor Ronald Davis argues, investee corporations can be influenced to behave with greater social, ethical, financial, and environmental responsibility. Notwithstanding its arguably optimistic if not naïve view of the potential benefits of democratizing pension fund governance, this book deals with many themes that highlight deficiencies in governance and accountability that many practitioners in the pension industry would likely admit should be addressed.

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