Determinants of equity pension plan flows

The aim of this study is to analyze investor response to different measures of pension plan performance. To do this, we implement a fixed effects panel data methodology corrected by heteroskedasticity, serial correlation and cross-sectional dependence, as proposed by Vogelsang (2012). The results ob...

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Autor principal:	Martí Ballester,Carmen Pilar
Lenguaje:	English
Publicado:	Universidad de Chile. Departamento de Economía 2014
Materias:	Return Jensen's Alpha investor behavior pension plan flows panel data models
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862014000100004
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spelling	oai:scielo:S0718-528620140001000042014-06-25Determinants of equity pension plan flowsMartí Ballester,Carmen Pilar Return Jensen's Alpha investor behavior pension plan flows panel data models The aim of this study is to analyze investor response to different measures of pension plan performance. To do this, we implement a fixed effects panel data methodology corrected by heteroskedasticity, serial correlation and cross-sectional dependence, as proposed by Vogelsang (2012). The results obtained show that investors make their decision to invest in a specific pension plan depending on past returns and the type of management company administering the plan. On analyzing the flow-performance relationship for each type of management company we find that both types of companies can differ in the information provided to investors and in their marketing strategies and services for attracting clients.info:eu-repo/semantics/openAccessUniversidad de Chile. Departamento de EconomíaEstudios de economía v.41 n.1 20142014-06-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862014000100004en10.4067/S0718-52862014000100004
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	Return Jensen's Alpha investor behavior pension plan flows panel data models
spellingShingle	Return Jensen's Alpha investor behavior pension plan flows panel data models Martí Ballester,Carmen Pilar Determinants of equity pension plan flows
description	The aim of this study is to analyze investor response to different measures of pension plan performance. To do this, we implement a fixed effects panel data methodology corrected by heteroskedasticity, serial correlation and cross-sectional dependence, as proposed by Vogelsang (2012). The results obtained show that investors make their decision to invest in a specific pension plan depending on past returns and the type of management company administering the plan. On analyzing the flow-performance relationship for each type of management company we find that both types of companies can differ in the information provided to investors and in their marketing strategies and services for attracting clients.
author	Martí Ballester,Carmen Pilar
author_facet	Martí Ballester,Carmen Pilar
author_sort	Martí Ballester,Carmen Pilar
title	Determinants of equity pension plan flows
title_short	Determinants of equity pension plan flows
title_full	Determinants of equity pension plan flows
title_fullStr	Determinants of equity pension plan flows
title_full_unstemmed	Determinants of equity pension plan flows
title_sort	determinants of equity pension plan flows
publisher	Universidad de Chile. Departamento de Economía
publishDate	2014
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-52862014000100004
work_keys_str_mv	AT martiballestercarmenpilar determinantsofequitypensionplanflows
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Determinants of equity pension plan flows

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