Governance of Public Pension Funds: Lessons from Corporate Governance and International Evidence
Year: 2003
Type: report
Abstract: An understanding of corporate governance theory can promote the adoption of appropriate governance tools to limit agency problems in public pension fund management. The absence of a market for corporate control hinders the translation of lessons from the private sector corporate world to public pension governance. The establishment of a fit, and proper governing body for public pension funds, thus may be even more important than the maintenance of a comparable body for private sector corporations. In particular, behavioral controls should be carefully designed.
Authors: David Hess, Gregorio Impavido
Institutions: Rutgers, The State University of New Jersey, World Bank
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W1501424609