Public Pension Governance and Asset Allocation

19 Pages Posted: 20 Mar 2013 Last revised: 8 Apr 2013

See all articles by Matt Dobra

Matt Dobra

Methodist University

Bruce Lubich

University of Maryland University College (UMUC)

Date Written: March 20, 2013

Abstract

This paper analyses the relationship between governance, asset allocation, and risk among state and local government-operated pension systems in the United States of America. It is argued that governance influences investment decisions and risk profiles of public sector pension systems, creating the potential for agency problems to exist between decision makers, plan members, and taxpayers.

Keywords: Public pension governance, portfolio management, risk

JEL Classification: J2, H7, D7, G2

Suggested Citation

Dobra, Matt and Lubich, Bruce, Public Pension Governance and Asset Allocation (March 20, 2013). Journal of CENTRUM Cathedra: The Business and Economics Research Journal, Vol. 6, Issue 1, pp. 83-101, 2013. Available at SSRN: https://ssrn.com/abstract=2236469

Matt Dobra

Methodist University ( email )

5400 Ramsey St
Fayetteville, NC 28311
United States

Bruce Lubich (Contact Author)

University of Maryland University College (UMUC) ( email )

MD
United States

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