This study empirically tested whether pension information derived from accounting disclosures
is priced in corporate bond spreads. The model was tested on corporate bond data of US …

The paper explores the relationship between equity returns and inflation using long-term
historical data for four of the largest economies in the world: the US, Japan, the UK and …

Long-term volatility is a key forecasting input for strategic asset allocation analysis, yet most
studies on volatility models have focused on short horizons. The authors use a large sample …

The paper uses 101 years of Chilean and international financial assets returns to investigate
mean-variance optimal portfolio allocations. The key conclusion is that the share of …

The relationship between salary linked liabilities and asset prices is at the heart of the debate
about risk management for pension funds. a positive realtionship between active liabilities …

This article re-assesses the evidence and practical relevance of asset returns’ long-horizon
predictability, investigating whether practitioners can profitably exploit predictability patterns …

This paper examines the empirical link between severance pay and corporate finance.
Severance pay is an economic debt of the employer and hence should be taken into account by …

This paper considers the extensive literature from the US which has developed spending
rules for endowments and foundations, and attempts to consider the impact of applying such …

The publication of Averting the old Age Crisis by the World Bank in 1994 sparked a wide-ranging
debate among academics and policy-makers on pension systems and pension reforms…

We use data on Italian occupational pension funds to investigate the impact of the investment
management structure on delegated investment performance. We evaluate investment …