Spillover Effects Of Pension Funds On Capital Markets. The Eu-15 Countries Case
The paper aims at providing new empirical evidence for the connection between pension reform and domestic stock market development, in the case of the old member states of European Union. We seek to measure the impact of private pension funds’ assets on the capital market development, using a panel data regression and after controlling for other explanatory variables. As predicted in the literature, the results show a positive connection.
Volume (Year): 4I (2012)
Issue (Month): (December)
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