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http://bura.brunel.ac.uk/handle/2438/8278Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | De Haan, L | - |
| dc.date.accessioned | 2014-04-08T15:24:04Z | - |
| dc.date.available | 2014-04-08T15:24:04Z | - |
| dc.date.issued | 2012 | - |
| dc.identifier.citation | Journal of Pension Economics and Finance, 11(3), 439 - 463, 2012 | en_US |
| dc.identifier.issn | 1474-7472 | - |
| dc.identifier.uri | http://journals.cambridge.org/action/displayAbstract?fromPage=online&aid=8637458 | en |
| dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/8278 | - |
| dc.description | Copyright © Cambridge University Press 2012. | en_US |
| dc.description.abstract | We present empirical evidence on the funding and portfolio allocation of around 200 Dutch corporate pension funds over the period 1996-2005, with a special focus on the influence of the sponsoring firm. We find that unprofitable and small firms contribute less to their pension funds than profitable and large firms, consistent with theories of capital market imperfections. Sponsor contributions are found to be positively correlated with leverage, suggesting that tax effects play a role. Defined benefit funds invest relatively more in equity and less in bonds than their defined contribution counterparts, which is in accordance with the risk shifting theory. | en_US |
| dc.language.iso | en | en_US |
| dc.publisher | Cambridge University Press | en_US |
| dc.subject | Pension funds | en_US |
| dc.subject | Sponsoring company | en_US |
| dc.subject | Capital structure | en_US |
| dc.subject | Asset allocation | en_US |
| dc.title | Pension fund finance and sponsoring companies | en_US |
| dc.type | Article | en_US |
| dc.identifier.doi | http://dx.doi.org/10.1017/S1474747212000030 | - |
| pubs.organisational-data | /Brunel | - |
| pubs.organisational-data | /Brunel/Administration and Support Staff | - |
| pubs.organisational-data | /Brunel/Administration and Support Staff/Administration and Support Staff | - |
| pubs.organisational-data | /Brunel/Brunel Active Staff | - |
| pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences | - |
| pubs.organisational-data | /Brunel/Brunel Active Staff/School of Social Sciences/Economics and Finance | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/Brunel Business School - URCs and Groups/Centre for Research into Entrepreneurship, International Business and Innovation in Emerging Markets | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Arts - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Arts - URCs and Groups/Brunel Centre for Contemporary Writing | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute for Ageing Studies | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Brunel Institute of Cancer Genetics and Pharmacogenomics | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Health Sciences and Social Care - URCs and Groups/Centre for Systems and Synthetic Biology | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups | - |
| pubs.organisational-data | /Brunel/University Research Centres and Groups/School of Information Systems, Computing and Mathematics - URCs and Groups/Multidisclipary Assessment of Technology Centre for Healthcare (MATCH) | - |
| Appears in Collections: | Economics and Finance Publications Dept of Economics and Finance Research Papers | |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Fulltext.pdf | 337.87 kB | Adobe PDF | View/Open |
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