scholarly journals The Role of Pension Funds in the Development of Capital Markets in Latin America

2018 ◽  
Vol 1 (Spring 2018) ◽  
pp. 47-62
Author(s):  
Juan Pablo Poch
Keyword(s):  
Latin America ◽  
Capital Markets ◽  
Pension Funds

The Efficiency of Mandatory Pension Funds: Case of Croatia

2019 ◽  
Vol 14 (2) ◽  
pp. 82-94
Author(s):  
Bojana Olgić Draženović ◽  
Sabina Hodžić ◽  
Dario Maradin
Keyword(s):  
Data Envelopment Analysis ◽  
Technical Efficiency ◽  
Capital Markets ◽  
Institutional Investors ◽  
Pension Funds ◽  
Main Role ◽  
Data Envelopment

Abstract The aim of this paper is to examine performance of pension funds in Croatia, or more precisely, to measure the technical efficiency of mandatory pension funds. The main role of the pension funds is to collect and invest the money contributed by the employer or the employee during working years until retirement. Therefore, development of pension funds as institutional investors is especially important for capital markets as well as for the whole economy. By applying the methodology of data envelopment analysis on a sample of 12 DMUs, i.e. four mandatory pension funds divided into three categories (A, B or C) for 2015-2018 period, we provide further evidence on their efficiency level. The results have shown very small differences among relative inefficient pension funds.

Pension Funds, Capital Markets, and the Power of Diversification

2017 ◽  
Author(s):  
Fiona Stewart ◽  
Romain Despalins ◽  
Inna Remizova
Keyword(s):  
Capital Markets ◽  
Pension Funds

Rehabilitating the Role of Active Management for Pension Funds

CFA Digest ◽  
2012 ◽  
Vol 42 (4) ◽  
pp. 135-137
Author(s):  
Stuart Fujiyama
Keyword(s):  
Pension Funds ◽  
Active Management

Projections of the Impact of Pension Funds on Investment in Infrastructure and Growth in Latin America

2010 ◽  
Author(s):  
Javier Alonso ◽  
Jasmina Bjelic ◽  
Carlos Herrera ◽  
soledad hormazabal ◽  
Ivonne Ordooez ◽  
...  
Keyword(s):  
Latin America ◽  
Pension Funds ◽  
The Impact

The Role of Capital Markets in Economic Growth: Evidence from Ghana

2020 ◽  
Author(s):  
Wiafe Nti Akenten ◽  
Charles Boateng ◽  
Haftamu Kiros
Keyword(s):  
Economic Growth ◽  
Capital Markets

The Role of Financial Innovation in EU Market Integration and the Capital Markets Union

2018 ◽  
Author(s):  
Emilios Avgouleas
Keyword(s):  
Capital Markets ◽  
Risk Sharing ◽  
Market Integration ◽  
Financial Innovation ◽  
The European Union ◽  
Recent Developments ◽  
Capital Markets Union ◽  
Critical Overview ◽  
The Eu

This chapter offers a critical overview of the issues that the European Union 27 (EU-27) will face in the context of making proper use of financial innovation to further market integration and risk sharing in the internal financial market, both key objectives of the drive to build a Capital Markets Union. Among these is the paradigm shift signalled by a technological revolution in the realm of finance and payments, which combines advanced data analytics and cloud computing (so-called FinTech). The chapter begins with a critical analysis of financial innovation and FinTech. It then traces the EU market integration efforts and explains the restrictive path of recent developments. It considers FinTech's potential to aid EU market integration and debates the merits of regulation dealing with financial innovation in the context of building a capital markets union in EU-27.

Financial Access of Latin America and Caribbean Firms: What Are the Roles of Institutional, Financial, and Economic Development?

2021 ◽  
pp. 097265272110153
Author(s):  
Lan Khanh Chu
Keyword(s):  
Economic Development ◽  
Latin America ◽  
Jel Classification ◽  
Caribbean Region ◽  
Country Level ◽  
Level Data ◽  
Latin America And Caribbean ◽  
The Impact ◽  
Moderating Role

This article examines the impact of institutional, financial, and economic development on firms’ access to finance in Latin America and Caribbean region. Based on firm- and country-level data from the World Bank databases, we employ an ordered logit model to understand the direct and moderating role of institutional, financial, and economic development in determining firms’ financial obstacles. The results show that older, larger, facing less competition and regulation burden, foreign owned, and affiliated firms report lower obstacles to finance. Second, better macro-fundamentals help to lessen the level of obstacles substantially. Third, the role of institutions in promoting firms’ inclusive finance is quite different to the role of financial development and economic growth. JEL classification: E02; G10; O16; P48

Capitalists against financialization: The battle over German pension funds

2021 ◽  
pp. 102452942199300
Author(s):  
Nils Röper
Keyword(s):  
Pension Funds ◽  
Business Community ◽  
Coalition Building ◽  
Investment Companies ◽  
Political Outcomes ◽  
Strategic Goals ◽  
Old Age Provision ◽  
Political Battle ◽  
The Welfare State

Despite renewed interest in the role of business in shaping the welfare state, we still know little about how factions of capital adapt their strategies and translate these into political infighting and coalition building. Based on a detailed process tracing analysis of the political battle over German pension funds, this paper shows that cleavages within business do not necessarily run along the lines of finance vs. non-finance. While ‘financial challengers’ (banks and investment companies) advocated financialized pension funds, ‘financial incumbents’ (insurers) defended a conservative understanding of old age provision. Tremendous political momentum towards financialization notwithstanding, challengers remained largely unsuccessful. Incumbents elicited support from the wider business community by adjusting their strategic goals and engaging in discursive reformulations to effectively fight pension financialization from within capital. To accommodate such competition politics and coalition building, the paper argues for a more dynamic understanding of business strategizing and highlights the importance of discursive political strategies. It shows that some capitalists may act as antagonists of elements of financialization and problematizes the actual mechanisms of coalition building through which business plurality affects political outcomes.

Time for (a Reading) Community? The Border Literary Field(s) in the 1980s and 1990s

2009 ◽  
Vol 25 (1) ◽  
pp. 47-70
Author(s):  
Paul Fallon
Keyword(s):  
Latin America ◽  
Mass Media ◽  
Literary Field ◽  
Critical Regionalism ◽  
Literary Narrative ◽  
National Literatures

This essay analyzes how, marginalized by national literatures and threatened by the rise of regional mass media in the 1980s and 1990s, northern Mexican border authors and their texts consistently concerned themselves with the temporalities of representation——particularly in literary narrative. Through their treatment of temporal issues, these writers directed themselves toward a local, transnational reading community and enacted a critical regionalism that articulates local signification within larger processes reshaping the role of literature in contemporary Latin America.

Sign in / Sign up

Export Citation Format

Share Document