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Does Regulation Hurt Pension Funds' Performance? Evidence from Strongly Regulated Pension Fund Industries

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  • Martin T. Bohl, Judith Lischewski and Svitlana Voronkova

Abstract

This 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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  • Martin T. Bohl, Judith Lischewski and Svitlana Voronkova, 2008. "Does Regulation Hurt Pension Funds' Performance? Evidence from Strongly Regulated Pension Fund Industries," The Institute for International Integration Studies Discussion Paper Series iiisdp247, IIIS.
    • Handle: RePEc:iis:dispap:iiisdp247
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