Stewardship

Working Paper

01 March 2005

The Corporate Governance of Defined Benefit Pension Plans: Evidence from the United Kingdom

This paper studies the governance of defined-benefit pension plans in the United Kingdom. We construct a governance measure, equal to the proportion of trustees of the pension plan who are also executive directors of the sponsoring...

João F. Cocco | Paolo Volpin
01 May 2007

The Importance of Size in Private Equity: Evidence from a Survey of Limited Partners

Using a comprehensive survey, we show that investors with a larger capital allocation to private equity are more specialized − measured by the degree to which the investor focuses on private equity rather than other classes of...

Laura Bottazzi | Marco Da Rin | Thomas Hellmann
01 February 2016

Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment

Concerned with excessive risk taking, regulators worldwide generally prohibit private pension funds from charging performance-based fees. Instead, the premise underlying the regulation of private pension schemes (and other...

Assaf Hamdani | Eugene Kandel | Yevgeny Mugerman | Yishay Yafeh
01 June 2007

Pension Reform, Ownership Structure, and Corporate Governance: Evidence from a Natural Experiment

Sweden offers a unique natural experiment to analyze the microeconomic effects of institutionalized saving on ownership structure, corporate governance and performance of listed companies. First, the Swedish pension reform...

Mariassunta Giannetti | Luc Laeven

Pages