Empirical evidence on the relevance of corporate governance to Australian superannuation funds

Sriram, Ashwin (2007). Empirical evidence on the relevance of corporate governance to Australian superannuation funds Honours Thesis, School of Business, The University of Queensland.

       
Attached Files (Some files may be inaccessible until you login with your UQ eSpace credentials)
Name Description MIMEType Size Downloads
THE20607.pdf Full text application/pdf 4.54MB 0
Author Sriram, Ashwin
Thesis Title Empirical evidence on the relevance of corporate governance to Australian superannuation funds
School, Centre or Institute School of Business
Institution The University of Queensland
Publication date 2007
Thesis type Honours Thesis
Supervisor Marion Hutchinson
Karen Benson
Total pages 112
Language eng
Subjects 1503 Business and Management
Formatted abstract
This thesis on Australian Superannuation funds examines the level of voluntary adoption of corporate governance practices and the relevance of these practices to fund performance and volatility of fund returns. This is a pioneering study in Australia as there is no literature published that has linked the practice of good governance to fund performance and volatility of fund returns. The theoretical foundation of this research is built around the argument that an 'agency problem' exists in superannuation funds and that the practice of good governance mitigates this 'agency problem'. The study finds that in general the prevalence of corporate governance practices among Australian superannuation funds has improved in 2006 as compared to 2005. By pooling the 2 years of data the study finds that some corporate governance constructs are significant drivers of fund performance and volatility of fund returns. By dividing the sample into high growth and low growth funds based on the funds growth asset ratio, the study finds that different governance measures influence high growth and low growth fund segments.

 
Citation counts: Google Scholar Search Google Scholar
Created: Tue, 16 Nov 2010, 12:58:21 EST by Muhammad Noman Ali on behalf of The University of Queensland Library