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.

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]

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

Lippi, Andrea
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.
Inglese
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]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10807/72417
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