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Does Regulation Hurt Pension Funds' Performance? Evidence from Strongly Regulated Pension Fund Industries

Martin T. Bohl, Judith Lischewski and Svitlana Voronkova

The Institute for International Integration Studies Discussion Paper Series from IIIS

Abstract: This paper presents an analysis of pension funds’ performance in Poland and Hungary as representative Eastern Central European countries. In the theoretical literature it is argued that investment limits and performance regulations may have a negative influence on the performance of funds. In particular for Poland, our empirical findings do not support this prediction. Consequently, strict regulations do not necessarily harm the performance of the pension funds.

Date: 2008-05-06
New Economics Papers: this item is included in nep-eec, nep-reg and nep-tra
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