资本市场和金融机构82.pptxVIP

会计学 1 资本市场和金融机构82 2 3. Pension Funds: Introduction Pension Fund. Fund set up by a corporation, labour union, government entity, or other organization to pay the pension benefits of retired workers. The pension fund is a legally separate entity (a separate account within a firm or a corporation) Pension Funds are run by Asset Managers (firm managers or other FIs; with help of actuaries and other advisers) Pension Funds are currently very active in monitoring firms’ performance due to their increasing controlling share ownership. They reduce Agency problems between managers and shareholders 第1