Efficiency in Pension Funds Management in a QE Environment: The Case of Spain

Efficiency in Pension Funds Management in a QE Environment: The Case of Spain

This study analyzes the efficiency in the management of pension funds in Spain through a representative portfolio of core values where pension fund managers invest in. Through econometric techniques and using a model rooted in the tradition of mean-variance models, the existence of inefficient manag...

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Veröffentlicht in:Estudios de economía aplicada 2015-09, Vol.33 (3), p.687-700
Hauptverfasser: Santacruz Cano, Javier, BERNAL ALONSO, MIGUEL ÁNGEL
Format: Artikel
Sprache:eng
Schlagworte:
Econometrics
Efficiency
eficiencia
Finanzas Cuantitativas
Funds management
Gestión
Monetary Policy
Pension fund management
Pension funds
pensiones
Pensions
política monetaria
Quantitative Finance
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BERNAL ALONSO, MIGUEL ÁNGEL
description This study analyzes the efficiency in the management of pension funds in Spain through a representative portfolio of core values where pension fund managers invest in. Through econometric techniques and using a model rooted in the tradition of mean-variance models, the existence of inefficient management and portfolio composition is observed, at a time of profound changes in European pension systems.
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source Dialnet; EZB-FREE-00999 freely available EZB journals; Alma/SFX Local Collection
subjects Econometrics
Efficiency
eficiencia
Finanzas Cuantitativas
Funds management
Gestión
Monetary Policy
Pension fund management
Pension funds
pensiones
Pensions
política monetaria
Quantitative Finance
title Efficiency in Pension Funds Management in a QE Environment: The Case of Spain
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