Technical Efficiency and Heterogeneity of Argentina Pension Funds
AbstractThis paper examines the technical efficiency of Argentinean pension funds management companies using a random stochastic frontier model to rank the pension funds management companies, taking into account heterogeneity in the data. The empirical findings reveal that efficiency measures have a significant effect on pension funds efficiency. The implications for managers and policy makers are discussed.
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Bibliographic InfoPaper provided by Department of Economics at the School of Economics and Management (ISEG), Technical University of Lisbon. in its series Working Papers with number 2008/29.
Date of creation: Mar 2008
Date of revision:
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Postal: Department of Economics, School of Economics and Management (ISEG), Technical University of Lisbon, Rua do Quelhas 6, 1200-781 LISBON, PORTUGAL
Web page: https://aquila.iseg.utl.pt/aquila/departamentos/EC
Argentina; pension funds; efficiency; stochastic frontier models.;
Find related papers by JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
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