Determinants of Pension Fund Efficiency in Kenya:

منو

" Determinants of Pension Fund Efficiency in Kenya: "
Amos G. Njuguna, Cecil Arnolds

Document Type	:	AL
Record Number	:	1063424
Doc. No	:	LA107053
Call No	:	‭10.1163/156921012X629376‬
Language of Document	:	English
Main Entry	:	Amos G. Njuguna
	:	Cecil Arnolds
Title & Author	:	Determinants of Pension Fund Efficiency in Kenya: [Article] : An Exploratory Study\ Amos G. Njuguna, Cecil Arnolds
Publication Statement	:	Leiden: Brill
Title of Periodical	:	African and Asian Studies
Date	:	2012
Volume/ Issue Number	:	11/1-2
Page No	:	182–218
Abstract	:	This paper investigates the determinants of the operational and financial efficiency of pension funds in Kenya. A sample of 362 pension schemes was drawn from the Kenyan Retirement Benefits Authority (RBA) register. The empirical results show that pension governance, leadership and regulations do not significantly influence the operational and financial efficiency of pension funds. The results do however reveal that pension regulations influence the leadership and governance practices of the pension schemes. Moreover, the schemes with more middle-aged members (31-40 years) are perceived to be better governed. Lastly, the results reveal fund size to be an important determinant of the financial efficiency of the pension funds.
Descriptor	:	leadership
Descriptor	:	operational efficiency and financial efficiency
Descriptor	:	pension fund governance
Descriptor	:	regulations
Location & Call number	:	‭10.1163/156921012X629376‬