Pension Fund Management, Investment Performance, and Herding in the Context of Regulatory Changes: New Evidence from the Polish Pension System

The aim of this paper is to assess the impact of reforms introduced in the operation of Polish open pension funds on management style, risk exposure and related investment performance. The article analyzes the impact of the reformed regulations on the herd behavior of fund managers. In particular, w...

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Bibliographic Details
Main Authors: Łukasz Dopierała, Magdalena Mosionek-Schweda
Format: Article
Language:English
Published: MDPI AG 2021-12-01
Series:Risks
Subjects:
Online Access:https://www.mdpi.com/2227-9091/9/1/6