Georgetown University LogoGeorgetown University Library LogoDigitalGeorgetown Home
    • Login
    View Item 
    •   DigitalGeorgetown Home
    • Georgetown University Institutional Repository
    • McCourt School of Public Policy
    • Graduate Theses and Dissertations - Public Policy
    • View Item
    •   DigitalGeorgetown Home
    • Georgetown University Institutional Repository
    • McCourt School of Public Policy
    • Graduate Theses and Dissertations - Public Policy
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    The effect of state and local public pension governance on system funding and investment performance

    Cover for The effect of state and local public pension governance on system funding and
      investment performance
    View/Open
    View/Open: hannaAndrew.pdf (546kB) Bookview

    Creator
    Hanna, Andrew Donald.
    Description
    Thesis (M.P.P.)--Georgetown University, 2009.; Includes bibliographical references. This study explores the key determinants of state and local public pension funding capacity and investment performance. Using a sample of U.S. public retirement systems for 2001-2007 that combines data from the Public Fund Survey with new independently collected governance information, this research improves upon previous examinations of plan performance by including board turnover as a covariate of interest. A three equation empirical model is specified with actuarial funding ratio, percent of actuarially required contributions paid and investment rate of return used as the three outcome measures. The regression results present mixed evidence to support the hypothesis that pension governance impacts plan performance. While board turnover and investment council both had the expected effect on actuarial funding ratio, neither of these covariates significantly impacted investment rate of return. Instead, behavioral persistence and investment asset allocation appear as the most critical explanatory factors for pension performance.
    Permanent Link
    http://hdl.handle.net/10822/553755
    Date Published
    2009
    Subject
    Political Science, Public Administration
    Type
    thesis
    Publisher
    Georgetown University
    Collections
    • Graduate Theses and Dissertations - Public Policy
    Metadata
    Show full item record

    Related items

    Showing items related by title, author, creator and subject.

    • Cover for Leveraging Their Power: Inside the Bureaucratic Relationships of Public Pension Governance Bodies and Their Agendas

      Leveraging Their Power: Inside the Bureaucratic Relationships of Public Pension Governance Bodies and Their Agendas 

      McGowan, Caitlin Marie (Georgetown University, 2019)
      Public pension systems manage some of the most significant assets of state government and exert enormous influence within the financial market. While recent research has begun examining the relationship external governmental ...
    Related Items in Google Scholar

    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility
     

     

    Browse

    All of DigitalGeorgetownCommunities & CollectionsCreatorsTitlesBy Creation DateThis CollectionCreatorsTitlesBy Creation Date

    My Account

    Login

    Statistics

    View Usage Statistics

    Georgetown University Seal
    ©2009 - 2022 Georgetown University Library
    37th & O Streets NW
    Washington DC 20057-1174
    202.687.7385
    digitalscholarship@georgetown.edu
    Accessibility