Performance and governance of Swiss pension funds

Manuel Ammann and Andreas Zingg

Journal of Pension Economics and Finance, 2010, vol. 9, issue 1, 95-128

Abstract: We investigate the relationship between pension fund governance and investment performance. For this purpose, we develop the Swiss Pension Fund Governance Index (SPGI) which is a standard metric for the governance quality of Swiss pension funds. The empirical analysis is based on a sample of 96 pension funds with total assets of more than CHF 190 billion. We find evidence for governance issues in the area organization and target setting. Our results support the widespread hypothesis of a positive relationship between pension fund governance and investment performance.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jpenef:v:9:y:2010:i:01:p:95-128_00

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