IDEAS home Printed from https://ideas.repec.org/a/eme/ajemsp/ajems-02-2022-0062.html
   My bibliography  Save this article

Solvency and performance persistence of defined benefit private and public pension plans

Author

Listed:
  • Bruvine Orchidée Mazonga Mfoutou
  • Yuan Tao Xie

Abstract

Purpose - This study aims to examine the solvency and performance persistence of defined benefit private and public pension plans (DBPPs) in the Republic of Congo. Design/methodology/approach - The authors use the 2 × 2 contingency table approach and the time product ratio (TPR)-based cross-product ratio (CPR) on data covering ten years from 2011 to 2020, with variable funded ratios and excess returns, to determine the solvency and performance persistence of defined benefit pension plans. Findings - The authors document a lack of solvency and performance persistence in DBPP funds. They conclude that the solvency and performance of DBPP funds are not repetitive. The previous year's private and public defined benefit pension funds’ results do not repeat in the current year. Hence, the current solvency and performance of defined benefit pension funds are not good predictors of future funds' solvency and performance. Originality/value - To the best of the authors’ knowledge, this study is the first to combine solvency and performance to examine the persistence of defined benefit pension plans in sub-Saharan Africa.

Suggested Citation

  • Bruvine Orchidée Mazonga Mfoutou & Yuan Tao Xie, 2022. "Solvency and performance persistence of defined benefit private and public pension plans," African Journal of Economic and Management Studies, Emerald Group Publishing Limited, vol. 14(4), pages 557-568, December.
    • Handle: RePEc:eme:ajemsp:ajems-02-2022-0062
    DOI: 10.1108/AJEMS-02-2022-0062
    as

    Download full text from publisher

    File URL: https://www.emerald.com/insight/content/doi/10.1108/AJEMS-02-2022-0062/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://www.emerald.com/insight/content/doi/10.1108/AJEMS-02-2022-0062/full/pdf?utm_source=repec&utm_medium=feed&utm_campaign=repec
    Download Restriction: Access to full text is restricted to subscribers
    File URL: https://libkey.io/10.1108/AJEMS-02-2022-0062?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eme:ajemsp:ajems-02-2022-0062. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Emerald Support (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.