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dc.contributor.authorBohl, Martin T.en_US
dc.contributor.authorLischewski, Judithen_US
dc.contributor.authorVoronkova, Svitlanaen_US
dc.date.accessioned2010-11-04T10:48:59Z-
dc.date.available2010-11-04T10:48:59Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/41428-
dc.description.abstractThis paper presents an analysis of pension funds' performance in Poland and Hungary, two Central European countries characterized by strong regulation of their private pension fund industries. Thus, the paper extends the literature which has so far mostly focused on performance of pension fund industries facing no or limited regulation. We find that the performance of pension funds in the two studied countries differs. While we do not find convincing evidence of outperformance by Polish pension funds, we find strong evidence of underperformance by Hungarian pension funds. The results are robust to time-variation. The paper considers possible explanations behind these findings. The results of the paper should be of interest for policy-makers seeking to achieve optimal performance of the pension systems and academics in the research area of pension funds.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheimen_US
dc.relation.ispartofseriesZEW Discussion Papers 10-076en_US
dc.subject.jelG23en_US
dc.subject.jelG28en_US
dc.subject.ddc330en_US
dc.subject.keywordpension fund managementen_US
dc.subject.keywordinvestment and performance regulationen_US
dc.subject.keywordperformance measurementen_US
dc.subject.keywordCentral European stock marketsen_US
dc.subject.keywordEmerging Marketsen_US
dc.subject.stwPensionsfondsen_US
dc.subject.stwRegulierungen_US
dc.subject.stwWirkungsanalyseen_US
dc.subject.stwUnternehmensentwicklungen_US
dc.subject.stwPolenen_US
dc.subject.stwUngarnen_US
dc.titlePension funds' performance in strongly regulated industries in Central Europe: Evidence from Poland and Hungaryen_US
dc.typeWorking Paperen_US
dc.identifier.ppn63774330Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:zewdip:10076-
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

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