New Directions in the Investment and Control of Pension Funds PDF Download
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Author: Hillel Gray
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 128
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Book Description
Author: Hillel Gray
Publisher:
ISBN:
Category : Law
Languages : en
Pages : 128
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Book Description
Author: Richard Hinz
Publisher: World Bank Publications
ISBN: 0821381601
Category : Business & Economics
Languages : en
Pages : 300
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Book Description
Countries around the world are increasingly relying on individual pension savings accounts to provide income in old age for their citizens. Although these funds have now been in place for several decades, their performance is usually measured using methods that are not meaningful in relation to this long-term objective. The recent global financial crisis has highlighted the need to develop better performance evaluation methods that are consistent with the retirement income objective of pension funds. Compiling research derived from a partnership among the World Bank, the Organisation for Economic Co-operation and Development (OECD), and three private partners, 'Evaluating the Financial Performance of Pension Funds' discusses the theoretical basis and key implementation issues related to the design of performance benchmarks based on life-cycle savings and investment principles. The book begins with an evaluation of the financial performance of funded pension systems using the standard mean variance framework. It then provides a discussion of the limitations inherent to applying these methods to pension funds and outlines the many other issues that should be addressed in developing more useful and meaningful performance measures through the formulation of pension-specific benchmark portfolios. Practical implementation issues are addressed through empirical examples of how such benchmarks could be developed. The book concludes with commentary and observations from several noted pension experts about the need for a new approach to performance measurement and the impact of the recent global financial crisis on pension funds.
Author: Michael Rothschild
Publisher: Beard Books
ISBN: 9781587982194
Category : Business & Economics
Languages : en
Pages : 448
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Book Description
Calling for a fundamental rethinking of economics, this book aregues that a market economy is best understood as a living, evolving ecosystem.
Author: United States. Congress. House. Committee on Education and Labor. Subcommittee on Labor-Management Relations
Publisher:
ISBN:
Category : Employee fringe benefits
Languages : en
Pages : 488
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Book Description
Author: Jeffrey A. Miles
Publisher: Cambridge Scholars Publishing
ISBN: 1443858617
Category : Business & Economics
Languages : en
Pages : 520
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Book Description
This book is a collection of the best seventeen papers from the first Management Theory Conference held at the University of the Pacific in San Francisco, California, on September 27 and 28, 2013. The authors of these papers are some of the best management researchers in the world, including: Anette Mikes, Robert S. Kaplan, and Amy C. Edmondson (Harvard Business School); Sarah Harvey (University College London); Randall S. Peterson (London Business School); Jack A. Goncalo and Verena Krause (Cornell University); Karen A. Jehn (University of Melbourne); Yally Avrahampour (London School of Economics and Political Science); Tammy L. Madsen (Santa Clara University); and Sim B. Sitkin (Duke University). All of the papers in this book present the latest theoretical developments that were discussed at the first Management Theory Conference. The purpose of the conference was to help address the shortage of new management and organization theories. The mission of the conference was to facilitate, recognize, and reward the creation of new theories that advance our understanding of management and organizations. The conference was held to motivate management researchers to create new theories and to provide researchers with a supportive forum where those new theories could be presented, discussed, and published. Chapter Seventeen is the winner of the Wiley Outstanding New Management Theory Award. Authors Chris P. Long, Sim B. Sitkin, and Laura B. Cardinal present a theory to explain the drivers of managerial efforts to promote trust, fairness, and control. They theorize how superior-subordinate conflicts stimulate managers’ concerns about managerial legitimacy and subordinate dependability in performing tasks, and hypothesize how managers attempt to address these concerns using trustworthiness-promotion, fairness-promotion, and control activities. This book also contains written summaries of the two keynote addresses that were given at the conference by Roy Suddaby (editor of Academy of Management Review) and Jeffrey Pfeffer (Stanford University), which comprise Chapters Eighteen and Nineteen. Professors Suddaby and Pfeffer present a fascinating debate of the future and new directions of management and organization theories.
Author: Sudhir Rajkumar
Publisher: World Bank Publications
ISBN: 0821384708
Category : Social Science
Languages : en
Pages : 364
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Book Description
And key messages -- Key principles of governance and investment management -- Governance of public pension assets -- Governance structures and accountabilities -- Qualification, selection, and operation of governing bodies -- Operational policies and procedures -- Managing fiscal pressures in defined-benefit schemes -- Policy responses to turbulent financial markets -- Investment of public pension assets -- Defining the investment policy framework for public pension funds -- Managing risk for different cohorts in defined-contribution schemes -- An asset-liability approach to strategic asset allocation for pension funds -- In-house investment versus outsourcing to external investment managers -- International investments and managing the resulting currency risk -- Alternative asset classes and new investment themes.
Author: Emily Barman
Publisher: Cambridge University Press
ISBN: 1316538974
Category : Social Science
Languages : en
Pages : 279
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Book Description
Companies are increasingly championed for their capacity to solve social problems. Yet what happens when such goods as water, education, and health are sold by companies - rather than donated by nonprofits - to the disadvantaged and when the pursuit of mission becomes entangled with the pursuit of profit? In Caring Capitalism, Emily Barman answers these important questions, showing how the meaning of social value in an era of caring capitalism gets mediated by the work of 'value entrepreneurs' and the tools they create to gauge companies' social impact. By shedding light on these pivotal actors and the cultural and material contexts in which they operate, Caring Capitalism accounts for the unexpected consequences of this new vision of the market for the pursuit of social value. Proponents and critics of caring capitalism alike will find the book essential reading.
Author: United States. Congress. House. Committee on Economic and Educational Opportunities. Subcommittee on Employer-Employee Relations
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
Author: Keith P. Ambachtsheer
Publisher: John Wiley & Sons
ISBN: 1119191025
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
A real-world look at the pension revolution underway The Future of Pension Management offers a progress report from the field, using actual case studies from around the world. In the mid-70s, Peter Drucker predicted that demographic dynamics would eventually turn pensions into a major societal issue; in 2007, author Keith Ambachsheer's book Pension Revolution laid out the ways in which Drucker's predictions had come to pass. This book provides a fresh look at the situation on the ground, and details the encouraging changes that have taken place in pension management concepts and practices. The challenges identified in 2007 are being addressed, and this report shows how design, management, and investment innovation have led to measurably better pension outcomes. Pensions have become an everyday news item, and people are rightly concerned about the security of their retirement in light of recent pension scandals and the global financial crisis. This book provides a note of encouragement, detailing the ways in which today's pensions are becoming more and more secure, and the new ideas and practices that are chipping away at the challenges. Learn how pension management practices are improving Examine the uptick in positive outcomes over recent years Discover why pension investing is turning toward the long-term Consider the challenges that remain and their possible solutions Drucker's vision of a needed pension revolution is unfolding in real time. Better pension designs, more effective pension governance, and more productive pension investing are mitigating many of the issues that threatened collapse. The Future of Pension Management provides a real-world update on the state of pensions today and a look forward to the changes we still need to make.
Author: Teresa Ghilarducci
Publisher: MIT Press
ISBN: 9780262071390
Category : Business & Economics
Languages : en
Pages : 244
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Book Description
This examination of the 120-year-old American system of privatized social insurance reveals that the system fails to provide adequate retirement income security, its most prominent goal, and, in fact, its greatest influence is in supplying funds to U.S. capital markets.
