How efficient are pension fund managers in Chile?
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Data de Publicação: | 2018 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Texto Completo: | https://revistas.ufrj.br/index.php/rec/article/view/19856 |
Resumo: | The paper measures and evaluates technical efficiency among pension fund managers in Chile. Recent pension reform has established pension fund management market in nine countries in Latin America. The new pension providers compete for affilitates on the basis of fees, rates of return, and quality of service, and are subject to extensive regulation. Applying data envelopment analysis to data from Chile 1982-1999, the paper examines issues of efficiency, competition, and regulation. The analysis concludes that pension fund managers operate below the estimated "efficiency frontier", and there is no evidence of a sustained upward trend in technical efficiency over time. |
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UFRJ-2 |
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Revista de Economia Contemporânea |
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How efficient are pension fund managers in Chile?Barrientos, ArmandoBoussofiane, Azizpension reformpension fund managersefficiencycompetitionregulationH55The paper measures and evaluates technical efficiency among pension fund managers in Chile. Recent pension reform has established pension fund management market in nine countries in Latin America. The new pension providers compete for affilitates on the basis of fees, rates of return, and quality of service, and are subject to extensive regulation. Applying data envelopment analysis to data from Chile 1982-1999, the paper examines issues of efficiency, competition, and regulation. The analysis concludes that pension fund managers operate below the estimated "efficiency frontier", and there is no evidence of a sustained upward trend in technical efficiency over time. IE-UFRJ2018-08-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArtigo avaliado pelos Paresapplication/pdfhttps://revistas.ufrj.br/index.php/rec/article/view/19856Revista de Economia Contemporânea; Rev. Econ. Contemp., v. 9, n. 2, mai./ago. 2005Journal of Contemporary Economics; Rev. Econ. Contemp., v. 9, n. 2, mai./ago. 20051980-5527porhttps://revistas.ufrj.br/index.php/rec/article/view/19856/11504Copyright (c) 2018 Armando Barrientos, Aziz Boussofianeoai:ojs.pkp.sfu.ca:article/198562019-08-02T17:46:38Z |
dc.title.none.fl_str_mv |
How efficient are pension fund managers in Chile? |
title |
How efficient are pension fund managers in Chile? |
spellingShingle |
How efficient are pension fund managers in Chile? Barrientos, Armando pension reform pension fund managers efficiency competition regulation H55 |
title_short |
How efficient are pension fund managers in Chile? |
title_full |
How efficient are pension fund managers in Chile? |
title_fullStr |
How efficient are pension fund managers in Chile? |
title_full_unstemmed |
How efficient are pension fund managers in Chile? |
title_sort |
How efficient are pension fund managers in Chile? |
dc.creator.none.fl_str_mv |
Barrientos, Armando Boussofiane, Aziz |
author |
Barrientos, Armando |
author_facet |
Barrientos, Armando Boussofiane, Aziz |
author_role |
author |
author2 |
Boussofiane, Aziz |
author2_role |
author |
dc.subject.none.fl_str_mv |
pension reform pension fund managers efficiency competition regulation H55 |
topic |
pension reform pension fund managers efficiency competition regulation H55 |
description |
The paper measures and evaluates technical efficiency among pension fund managers in Chile. Recent pension reform has established pension fund management market in nine countries in Latin America. The new pension providers compete for affilitates on the basis of fees, rates of return, and quality of service, and are subject to extensive regulation. Applying data envelopment analysis to data from Chile 1982-1999, the paper examines issues of efficiency, competition, and regulation. The analysis concludes that pension fund managers operate below the estimated "efficiency frontier", and there is no evidence of a sustained upward trend in technical efficiency over time. |
publishDate |
2018 |
dc.date.none.fl_str_mv |
2018-08-28 |
dc.type.none.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Artigo avaliado pelos Pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.none.fl_str_mv |
https://revistas.ufrj.br/index.php/rec/article/view/19856 |
url |
https://revistas.ufrj.br/index.php/rec/article/view/19856 |
dc.language.none.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://revistas.ufrj.br/index.php/rec/article/view/19856/11504 |
dc.rights.none.fl_str_mv |
Copyright (c) 2018 Armando Barrientos, Aziz Boussofiane |
rights_invalid_str_mv |
Copyright (c) 2018 Armando Barrientos, Aziz Boussofiane |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
IE-UFRJ |
publisher.none.fl_str_mv |
IE-UFRJ |
dc.source.none.fl_str_mv |
Revista de Economia Contemporânea; Rev. Econ. Contemp., v. 9, n. 2, mai./ago. 2005 Journal of Contemporary Economics; Rev. Econ. Contemp., v. 9, n. 2, mai./ago. 2005 1980-5527 |
repository.name.fl_str_mv |
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repository.mail.fl_str_mv |
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_version_ |
1789436682000400384 |