Impavido, Gregorio2014-08-072014-08-072002-08https://hdl.handle.net/10986/19270The author surveys the empirical literature on the relationship between governance of public pension fund management and investment performance. He makes a preliminary attempt to identify good governance practices and distill governance guidelines aimed at reducing the political risk that is associated with central, public pension fund management. The author highlights the need for further work to support the development of a satisfactory set of governance guidelines.en-USCC BY 3.0 IGOACCOUNTABILITYACCOUNTINGADMINISTRATIVE COSTSALLOCATION OF RESPONSIBILITIESANNUAL RETURNASSET DIVERSIFICATIONASSET MANAGEMENTAUTHORITYBALANCE OF PAYMENTSBUDGET SURPLUSCAPITA INCOMECENTRAL BANKCOMMERCIAL BANKSCONSTITUENCYDEBTDEVELOPED COUNTRIESDISCLOSUREECONOMIC DEVELOPMENTEXTERNAL ASSET MANAGERSFEDERAL GOVERNMENTFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL STABILITYFINANCIAL VIABILITYFISCALFISCAL DISCIPLINEFOREIGN ASSETSFOREIGN INVESTMENTFOREIGN RESERVESFUNDED SCHEMESGOOD GOVERNANCEGOVERNANCE INDICATORSGOVERNMENT REPRESENTATIVESGOVERNMENT SECTORGOVERNMENT SECURITIESHOUSINGINFLATIONINFORMATION DISCLOSUREINSOLVENTINSURANCEINSURANCE COMPANIESINSURANCE PREMIUMSINVESTMENT MANAGEMENTINVESTMENT PERFORMANCEINVESTMENT RETURNSINVESTMENT RISKLABOR FORCELABOR UNIONSLEGISLATIONLEGISLATIVE BODIESLIQUID ASSETSLOCAL GOVERNMENTSLONGEVITY RISKMANDATESMINISTERSMINISTRY OF FINANCEMORTGAGE LOANSMUTUAL FUNDSNATIONSOILPENALTIESPENSION DEBTPENSION FUNDPENSION FUND INVESTMENTPENSION FUND MANAGEMENTPENSION FUND MANAGERSPENSION FUNDSPENSION OBLIGATIONSPENSION PLANPENSION PLANSPENSION REFORMPENSION SCHEMESPENSION SYSTEMPENSION SYSTEMSPENSIONSPOLITICAL INTERFERENCEPOLITICAL POWERPOLITICAL RISKPOLITICIANSPOOR GOVERNANCEPRESIDENTSPRIVATE PENSIONPRIVATE PENSION FUNDSPUBLIC AGENCIESPUBLIC ENTERPRISESPUBLIC EXPENDITUREPUBLIC FUNDSPUBLIC GOODSPUBLIC POLICIESPUBLIC SCHEMESPUBLIC SERVICEREPRESENTATIVESRETIREESRETIREMENTRETIREMENT AGERETIREMENT INCOMERETIREMENT PLANSRETURN ON ASSETSRISK MANAGEMENTSAVINGSSAVINGS ACCOUNTSSECURITIESSOCIAL POLICYSOCIAL SECURITYSOCIAL SECURITY CONTRIBUTIONSSTATE GOVERNMENTTAX AUTHORITIESUNEMPLOYMENT PUBLIC PENSION SYSTEMSPENSION FUNDS ADMINISTRATIONPOLITICAL RISKSRISK MANAGEMENTPUBLIC PENSION SYSTEMSGOVERNANCEINVESTMENT RETURNS10.1596/1813-9450-2878