Switch-out and switch-in: what motivates the decision makers in Italian occupational pension funds?

Lippi, Andrea

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To switch presumes two kinds of transactions carried out by the same person: on the one hand, the decision to exit an investment line (switch-out) and, on the other hand, the decision to enter into a new investment line (switch-in). What motivates the decision makers? This paper, considering a sample of Italian occupational pension funds, investigates the impact of short-term and long-term performance on the switch decision process and whether the same performance can lead investors to make opposite switch decisions. Some irrational behaviors are identified.

Autori:	Lippi, Andrea
Titolo:	Switch-out and switch-in: what motivates the decision makers in Italian occupational pension funds?
Data di pubblicazione:	2016
Abstract:	To switch presumes two kinds of transactions carried out by the same person: on the one hand, the decision to exit an investment line (switch-out) and, on the other hand, the decision to enter into a new investment line (switch-in). What motivates the decision makers? This paper, considering a sample of Italian occupational pension funds, investigates the impact of short-term and long-term performance on the switch decision process and whether the same performance can lead investors to make opposite switch decisions. Some irrational behaviors are identified.
Lingua:	Inglese
Rivista:	JOURNAL OF GOVERNANCE AND REGULATION
Citazione:	Lippi, A., Switch-out and switch-in: what motivates the decision makers in Italian occupational pension funds?, <<JOURNAL OF GOVERNANCE AND REGULATION>>, 2016; 5 (Gennaio): 37-42 [http://hdl.handle.net/10807/72417]
Appare nelle tipologie:	Articolo in rivista, Nota a sentenza

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http://hdl.handle.net/10807/72417

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