Does Regulation Hurt Pension Funds' Performance? Evidence from Strongly Regulated Pension Fund Industries
AbstractThis paper presents an analysis of pension funds’ performance in Poland and Hungary as representative Eastern Central European countries. In the theoretical literature it is argued that investment limits and performance regulations may have a negative influence on the performance of funds. In particular for Poland, our empirical findings do not support this prediction. Consequently, strict regulations do not necessarily harm the performance of the pension funds.
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Bibliographic InfoPaper provided by IIIS in its series The Institute for International Integration Studies Discussion Paper Series with number iiisdp247.
Date of creation: 06 May 2008
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2008-06-07 (All new papers)
- NEP-EEC-2008-06-07 (European Economics)
- NEP-REG-2008-06-07 (Regulation)
- NEP-TRA-2008-06-07 (Transition Economics)
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