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dc.contributor.authorBohl, Martin T.en
dc.contributor.authorLischewski, Judithen
dc.contributor.authorVoronkova, Svitlanaen
dc.date.accessioned2010-11-04T10:48:59Z-
dc.date.available2010-11-04T10:48:59Z-
dc.date.issued2010-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x10-076en
dc.subject.jelG23en
dc.subject.jelG28en
dc.subject.ddc330en
dc.subject.keywordpension fund managementen
dc.subject.keywordinvestment and performance regulationen
dc.subject.keywordperformance measurementen
dc.subject.keywordCentral European stock marketsen
dc.subject.keywordEmerging Marketsen
dc.subject.stwPensionsfondsen
dc.subject.stwRegulierungen
dc.subject.stwWirkungsanalyseen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwPolenen
dc.subject.stwUngarnen
dc.titlePension funds' performance in strongly regulated industries in Central Europe: Evidence from Poland and Hungary-
dc.type|aWorking Paperen
dc.identifier.ppn63774330Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:10076en

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