scholarly journals Pension Fund Corporate Engagement

2004 ◽  
Vol 59 (1) ◽  
pp. 142-171 ◽  
Author(s):  
Gordon L. Clark ◽  
Tessa Hebb
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Management Decision ◽  
Responsible Investing ◽  
Global Standards ◽  
Management Decision Making ◽  
Anglo American ◽  
Investment Portfolios ◽  
The Impact

Pension fund capitalism is a new, albeit evolving, stage of Anglo-American capital market development. It is marked by the ability of pension funds to aggregate the widely disbursed ownership of beneficiaries and therefore act as single entities with a unified voice. Pension funds within their investment portfolios are increasingly using this voice to engage companies. Such corporate engagement in its broadest definition is the use of one’s ownership position to influence company management decision making. Corporate engagement brings together four distinct underlying currents: first, the increased use of passive index funds; second, the corporate governance movement; third, the growing impact of socially responsible investing; and, finally, the impact of new global standards. At its best corporate engagement offers a long-term view of value that both promotes higher corporate, social and environmental standards and adds share value, thus providing long-term benefits to future pension beneficiaries.

Evaluating the impact on saving of tax-favored retirement plans

2013 ◽  
Vol 13 (1) ◽  
pp. 62-87 ◽  
Author(s):  
MONICA PAIELLA ◽  
ANDREA TISENO
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Retirement Plans ◽  
Household Saving ◽  
Pension Schemes ◽  
The Social ◽  
Recent Reform ◽  
The Impact ◽  
Retirement Wealth

AbstractThis paper exploits a recent reform of private pension schemes in Italy to identify the impact on household saving of tax-favored retirement saving plans. The reform was part of the restructuring of the social security system and was aimed at rising private long-term saving by making pension funds more attractive and convenient. We control for unobserved saver heterogeneity and a central focus is on substitution across saving instruments. We find that the pension fund legislation had a strong effect on the allocation of saving and triggered substantial substitution of non-tax-favored non-retirement wealth for tax-favored pension funds. In contrast, we find that it had little, if any effect on household saving flows. Our findings also suggest that the provision of ‘closed’ pension funds might significantly affect the decision to invest in private retirement schemes.

ANALISIS BIAYA RELEVAN SEBAGAI ALAT PENGAMBILAN KEPUTUSAN PENERIMAAN ATAU PENOLAKAN PESANAN KHUSUS

2020 ◽  
Vol 22 (1) ◽  
pp. 140-155
Author(s):  
Nova Dwi Hernanik
Keyword(s):  
Decision Making ◽  
Relevant Information ◽  
Production Costs ◽  
Management Decision ◽  
Fixed Costs ◽  
Literature Study ◽  
Existing Problems ◽  
Management Decision Making ◽  
The Impact

Abstrak. PT. X is a service company that manufactures Tires, Carpets, andHoses. This study aims to determine the application of cost classification, but alsoto find out relevant cost analysis on this company, and evaluate the impact on thecompany's profit and loss in accepting or rejecting special orders. The method ofresearch conducted by the author is to conduct research directly to the company,observe company activities, study documents related to the object of research,and also conduct interviews with relevant parties. In addition, the authors alsoconducted a literature study so that it could assist the writer in calculating therelevant costs in making decisions whether to accept or reject special orders. Theresults showed that PT. X has not yet classified the production costs properly, sothat management decision making is also not right, where many companies rejectspecial orders, without analyzing them first. From the findings of existing problems,the authors suggest that the company should evaluate the production costsincurred in the company on a regular basis so as to obtain accurate and adequatecost data. Companies should also make a separation between fixed costs andvariable costs because this is quite important in providing relevant information tocompanies to build long-term competitive advantage.Keywords: Relevant Costs of Decision Making Tools, Receiving or DecliningSpecial Orders.

The impact of adaptability on the competitiveness of non-State pension funds

2021 ◽  
Vol 27 (11) ◽  
pp. 2606-2636
Author(s):  
Ekaterina S. YAROVAYA
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
High Variability ◽  
Current Time ◽  
Factors Affecting ◽  
Existing Problems ◽  
State Pension ◽  
The Impact ◽  
State Pension Funds

Subject. This article deals with the analysis of competitiveness, which is an important component of the strategic management of a non-State pension fund. Objectives. The article aims to study the existing approaches to the analysis of competitiveness, determine the role of the indicator of adaptability of competitiveness of non-State pension funds in conditions of high variability of the external environment, and formulate recommendations for drawing up criteria for the enterprise competitiveness taking into account the specifics of the activities of the funds. Methods. For the study, I used analysis, and the systems, and structural and functional approaches. Results. The article defines and classifies the factors affecting the competitiveness of non-State pension funds in modern market conditions. It substantiates the influence of the indicator of adaptability on the competitiveness of non-State pension funds. The article also proposes an approach to ranking this indicator, which can be applied regardless of the chosen method for assessing the competitiveness of non-State pension funds. Conclusions. The article concludes that the testing of the assessment of the non-State pension fund competitiveness using the author-proposed adaptability indicator helps determine the level of non-State pension fund competitiveness at the current time, track the changes, and identify the existing problems, the causes of their occurrence, and thereby ensure the conditions under which the non-State pension fund has the opportunity to promptly respond and adapt to external changes thus ensuring its stability in the market.

Forest Management Decision-Making: Art or Science?

1981 ◽  
Vol 57 (5) ◽  
pp. 233-238 ◽  
Author(s):  
T. H. Hall
Keyword(s):  
Decision Making ◽  
Forest Management ◽  
Simulation Modeling ◽  
Forest Planning ◽  
Management Decision ◽  
Creative Design ◽  
Management Decision Making ◽  
Evaluation Techniques ◽  
Making Art

This paper describes an approach to forest management decision-making. Acknowledging both objective and subjective elements, the approach offers a methodology to encourage more creative design in forest planning. It uses the descriptive capabilities of simulation modeling in tandem with the prescriptive capabilities of graphical evaluation techniques, to facilitate the use and interpretation of technical forestry information in decision-making problems. It emphasizes a need for an overview of long-term resource behavior as a prerequisite to, and a framework for, forest planning.

Long-Term Rates of Interest in the Valuation of a Pension Fund

1976 ◽  
Vol 21 (03) ◽  
pp. 286-340 ◽  
Author(s):  
C. D. Daykin
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Insurance Companies ◽  
Common Misconception ◽  
The Future

1. It seems to be a common misconception outside the actuarial profession that those within that illustrious body are mysteriously able to peer into their crystal balls and come up with prophetic answers about the future progress of pension funds, insurance companies and other allied matters. The appearance of an actuarial report with its air of finality and disclosure of a definite surplus, deficiency, bonus declaration or whatever it may be, only endorses the impression that the actuary is reporting on the unique and unquestionable answer to the problem in hand.

scholarly journals Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?

2010 ◽  
Vol 9 (1) ◽  
pp. 151-166
Author(s):  
Magdalena Zaleczna ◽  
Rafał Wolski
Keyword(s):  
Pension Fund ◽  
Pension Funds ◽  
Capital Allocation ◽  
Portfolio Diversification ◽  
Financial Resources ◽  
Constant Flow ◽  
Real Property ◽  
Return Levels ◽  
Entire Economy

Polish Pension Funds Investment - is There A Place For Real Property in A Portfolio?The pension fund investments should be characterised by a long term, low risk and profitability, which implicates the necessity of portfolio diversification. In general, pension funds having regular long-term contributions should develop the long-term policy and its effects would be responsible for the economic position of their future beneficiaries. The ways of capital allocation are also critical in terms of the entire economy, as a constant flow of financial resources provided by pension funds stimulates the activity of its recipients. The typical assets in a pension fund's portfolio in the developed economy are stocks, bonds and real property owing to low (negative) correlation between these assets and their diversified potential. The legal investment limits imposed on the Polish pension funds exclude direct investment in real property, which is responsible - in the authors' opinion - for the lower level of diversification and hinders the risk reduction. The authors analyze the Polish pension fund portfolios focusing on risk and return levels. The aim of the study is to find the answer to the important question about the results of hypothetically added real property to the portfolios of pension funds.

scholarly journals Factors Affecting Management Accounting Practices in Malaysia

2017 ◽  
Vol 12 (10) ◽  
pp. 177 ◽  
Author(s):  
Sudhashini Nair ◽  
Yee Soon Nian
Keyword(s):  
Production Technology ◽  
Management Accounting ◽  
Market Competition ◽  
Management Decision ◽  
Organization Size ◽  
Factors Affecting ◽  
Management Decision Making ◽  
Advanced Production ◽  
The Impact ◽  
Affect Management

Management accounting is the process of preparing management reports and accounts that provide accurate and timely, financial and statistical information to assist in management decision making. It is also known as the process of identifying, measuring, accumulating, analyzing, preparing, interpreting and communicating information to help managers fulfill the organization’s objectives. Management accounting practices are used by organizational managers at various levels and at the same time, it gives managers the freedom of choice as there are no constraints, other than the cost of information collected relative to benefits of improved management decisions. Studies have found that there are factors that may affect management accounting practices. Literature has indicated that factors such as--organization size, intensity of market competition, level of qualification of accounting staff and advanced production technology--may affect management accounting practices. The objective of this research is to study the impact of these factors on management accounting practices in Malaysia. A total of 200 respondents from Klang Valley, Malaysia were involved in the survey using purposive sampling. The results of the study revealed that organization size and advanced production technology have significant relationships with management accounting practices.

scholarly journals Payment for Environment Services to Promote Compliance with Brazil’s Forest Code: The Case of “Produtores de Água e Floresta”

2020 ◽  
Vol 12 (19) ◽  
pp. 8138 ◽  
Author(s):  
Ana Carolina Oliveira Fiorini ◽  
Marilyn Swisher ◽  
Francis E. Putz
Keyword(s):  
Environmental Regulations ◽  
Management Decision ◽  
Behavioral Differences ◽  
Environmental Laws ◽  
Natural Resource Conservation ◽  
Management Decision Making ◽  
Forest Code ◽  
Low Levels ◽  
Systemic Corruption

Payments for ecosystems services (PES) can promote natural resource conservation by increasing compliance with environmental laws. Law enforcement and PES proponents assume that individuals make decisions about compliance based on expectations of gains, likelihood of being caught in non-compliance, and magnitude of sanctions. Brazil’s Forest Code, characterized by low levels of compliance, includes incentive and disincentive mechanisms. We interviewed landowners in the Atlantic Forest to understand their motivations to participate (or not) in a PES project, the effects of knowledge and perceptions of environmental regulations on compliance, and how both environmental regulations and PES affect land management decision-making. We found that neither expectations of financial gains nor PES payments drive behavioral change and that the perception of systemic corruption reduced compliance with environment regulations. There were important behavioral differences between long-term residents for whom the land is their main source of income and recent residents with little dependence on land-generated income.

scholarly journals The 1949 sterling crisis and British policy towards European integration

1985 ◽  
Vol 11 (3) ◽  
pp. 169-182 ◽  
Author(s):  
Scott Newton
Keyword(s):  
Western Europe ◽  
The United States ◽  
Marshall Plan ◽  
Public Records ◽  
The Public ◽  
The United Kingdom ◽  
Anglo American ◽  
Post War ◽  
The Impact

Most commentators on the 1949 sterling crisis have viewed it as an episode with implications merely for the management of the British economy. This paper, based on the public records now available, discusses the impact of the crisis on British economic foreign policy. In particular it suggests that the crisis revealed deep Anglo-American differences, centring on the nature of the Marshall Plan, on the international value of the sterling area, and on the proper relationship between the United Kingdom and Western Europe, Ultimately the British succeeded in resolving these disagreements: but this triumph ironically implied both the defeat of British aims in post-war European reconstruction and a long term delusion that great power status could be maintained on the basis of a special relationship-with the United States.

Loyalty card adoption in SME retailers: the impact upon marketing management

2015 ◽  
Vol 49 (3/4) ◽  
pp. 467-490 ◽  
Author(s):  
Karise Hutchinson ◽  
Lisa Victoria Donnell ◽  
Audrey Gilmore ◽  
Andrea Reid
Keyword(s):  
Decision Making ◽  
Current Knowledge ◽  
Marketing Management ◽  
Management Decision ◽  
Adoption Process ◽  
Longitudinal Case Study ◽  
Content Type ◽  
Management Decision Making ◽  
The Impact ◽  
Loyalty Card

Purpose – The purpose of this paper is to understand how small to medium-sized enterprise (SME) retailers adopt and implement a loyalty card programme as a marketing management decision-making tool. Design/methodology/approach – A qualitative and longitudinal case study research design is adopted. Data were collected from multiple sources, incorporating semi-structured interviews and analysis of company documents and observation within a retail SME. Findings – The findings presented focus on the loyalty card adoption process to reflect both the organisational issues and impact upon marketing management decision-making. Research limitations/implications – This research is restricted to one region within the UK, investigating loyalty card adoption within a specific industry sector. Practical implications – SME retailers operate in an industry environment whereby there is a competitive demand for loyalty card programmes. SME retailers need to carefully consider how to match the firm’s characteristics with customer relationship management (CRM) operational requirements as highlighted in this case. Originality/value – The evidence presented extends current knowledge of retail loyalty card programmes beyond the context of large organisations to encompass SMEs. The study also illustrates the value of a structured, formal CRM system to help SME retailers compete in a complex, competitive and omni-channel marketplace, adding new insights into the retail literature.

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