Abstract

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.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call