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  • 标题:Determinants of Pension Governance: A Survey of Pension Plans in Kenya
  • 本地全文:下载
  • 作者:Amos Njuguna
  • 期刊名称:International Journal of Business and Management
  • 印刷版ISSN:1833-3850
  • 电子版ISSN:1833-8119
  • 出版年度:2011
  • 卷号:6
  • 期号:11
  • 页码:101
  • DOI:10.5539/ijbm.v6n11p101
  • 出版社:Canadian Center of Science and Education
  • 摘要:

    Pension governance is acknowledged as a vital characteristic of a proficient private pension system as it
    determines the investment performance, operational efficiency and the security of pension benefits. Empirical
    literature shows that despite the legal and industry inventiveness, pension governance lapses continue across
    countries. This paper investigates the determinants of pension plan governance in Kenya and recommends
    measures that can strengthen it. The sample consists of 362 pension plans in Kenya. Statistical tests are
    conducted by use of Pearson correlations, regressions, Scheffé tests and Analyses of variance (ANOVA) to
    determine the effect that pension regulations, pension plan design, membership age, number of members in the
    pension plan and plan leadership, have on pension governance. Empirical results show that pension governance
    is influenced by pension regulations, leadership, and membership age. The pension plan design and number of
    members do not have significant influence on how the pension plans are governed.

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