Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries

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During the last few years, there has been a large increase in the rate of return for most Latin American private pension fund institutions (AFPs). This favorable performance of funds comes with an economic boom in the region. However, efficiency, which is the equivalent of good management, does not...

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Detalles Bibliográficos
Autor: Guillen, Jorge B.
Formato: artículo
Fecha de Publicación:2008
Institución:Pontificia Universidad Católica del Perú
Repositorio:PUCP-Institucional
Lenguaje:inglés
OAI Identifier:oai:repositorio.pucp.edu.pe:20.500.14657/194750
Enlace del recurso:https://repositorio.pucp.edu.pe/index/handle/123456789/194750
Nivel de acceso:acceso abierto
Materia:Fund Regulation
Private pension funds
Relative efficiency
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spelling Guillen, Jorge B.2023-07-21T19:18:07Z2023-07-21T19:18:07Z2008https://repositorio.pucp.edu.pe/index/handle/123456789/194750During the last few years, there has been a large increase in the rate of return for most Latin American private pension fund institutions (AFPs). This favorable performance of funds comes with an economic boom in the region. However, efficiency, which is the equivalent of good management, does not go along with this successful performance of AFPs. We measure efficiency with the Data Envelopment Analysis technique, and we test for a sample of 9 countries in Latin America to determine if there is any link between efficiency of AFPs and their rate of return. The results suggest that local market power is not necessarily sufficient for certain large AFPs.engPontificia Universidad Católica del Perú. CENTRUMPEurn:issn:1851-6599info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/4.0Journal of CENTRUM Cathedra, Vol. 1, Issue 2reponame:PUCP-Institucionalinstname:Pontificia Universidad Católica del Perúinstacron:PUCPFund RegulationPrivate pension fundsRelative efficiencyhttps://purl.org/pe-repo/ocde/ford#5.02.04Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countriesinfo:eu-repo/semantics/articleArtículoTEXTJCC-1.2-16.pdf.txtJCC-1.2-16.pdf.txtExtracted texttext/plain40281https://repositorio.pucp.edu.pe/bitstreams/fdec0058-16e9-4b3b-8c54-36ebdbabeaba/download7798387989a8064450546899e0ccf37aMD53falseAnonymousREADORIGINALJCC-1.2-16.pdfJCC-1.2-16.pdfTexto completoapplication/pdf104754https://repositorio.pucp.edu.pe/bitstreams/0e21aaac-b8e2-4933-b9fc-d24a751dcf1c/downloadaaddf283bfa9a438810a66b6f06fcbf2MD51trueAnonymousREADTHUMBNAILJCC-1.2-16.pdf.jpgJCC-1.2-16.pdf.jpgIM Thumbnailimage/jpeg29786https://repositorio.pucp.edu.pe/bitstreams/5480c618-30ea-4577-a824-ae8d25e66884/download5bae82af57be3602ac6447da43f41db8MD52falseAnonymousREAD20.500.14657/194750oai:repositorio.pucp.edu.pe:20.500.14657/1947502025-04-11 09:58:17.575http://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccessopen.accesshttps://repositorio.pucp.edu.peRepositorio Institucional de la PUCPrepositorio@pucp.pe
dc.title.en_US.fl_str_mv Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
title Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
spellingShingle Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
Guillen, Jorge B.
Fund Regulation
Private pension funds
Relative efficiency
https://purl.org/pe-repo/ocde/ford#5.02.04
title_short Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
title_full Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
title_fullStr Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
title_full_unstemmed Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
title_sort Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
author Guillen, Jorge B.
author_facet Guillen, Jorge B.
author_role author
dc.contributor.author.fl_str_mv Guillen, Jorge B.
dc.subject.en_US.fl_str_mv Fund Regulation
Private pension funds
Relative efficiency
topic Fund Regulation
Private pension funds
Relative efficiency
https://purl.org/pe-repo/ocde/ford#5.02.04
dc.subject.ocde.none.fl_str_mv https://purl.org/pe-repo/ocde/ford#5.02.04
description During the last few years, there has been a large increase in the rate of return for most Latin American private pension fund institutions (AFPs). This favorable performance of funds comes with an economic boom in the region. However, efficiency, which is the equivalent of good management, does not go along with this successful performance of AFPs. We measure efficiency with the Data Envelopment Analysis technique, and we test for a sample of 9 countries in Latin America to determine if there is any link between efficiency of AFPs and their rate of return. The results suggest that local market power is not necessarily sufficient for certain large AFPs.
publishDate 2008
dc.date.accessioned.none.fl_str_mv 2023-07-21T19:18:07Z
dc.date.available.none.fl_str_mv 2023-07-21T19:18:07Z
dc.date.issued.fl_str_mv 2008
dc.type.none.fl_str_mv info:eu-repo/semantics/article
dc.type.other.none.fl_str_mv Artículo
format article
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dc.language.iso.none.fl_str_mv eng
language eng
dc.relation.ispartof.none.fl_str_mv urn:issn:1851-6599
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dc.publisher.none.fl_str_mv Pontificia Universidad Católica del Perú. CENTRUM
dc.publisher.country.none.fl_str_mv PE
publisher.none.fl_str_mv Pontificia Universidad Católica del Perú. CENTRUM
dc.source.es_ES.fl_str_mv Journal of CENTRUM Cathedra, Vol. 1, Issue 2
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Is Efficiency the Equivalent to a High Rate of Return for Private Pension Funds? Evidence from Latin American Countries
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