May 2019

International Dimensions of Sustainable Management: Latest Perspectives from Corporate Governance, Responsible Finance and Csr

By Rene Schmidpeter, Nicholas Capaldi, Samuel O Idowu, Anika Sturenberg Herrera This book provides a rich collection of essays discussing and showcasing the transformation of businesses around the world towards sustainability and responsibility. Based on a framework of global theoretical approaches, it presents practical examples and cases from a variety of industries, regions and corporate functions. It also highlights the latest insights on how corporations consider sustainability in the governance of their respective organization. Furthermore, the book features...

April 2019

Achieving Investment Excellence: A Practical Guide for Trustees of Pension Funds, Endowments and Foundations

By Kees Koedijk, Alfred Slager, Jaap Van Dam Achieving Investment Excellence offers trustees and asset managers a comprehensive handbook for improving the quality of their investments. With a stated goal of substantially and sustainably improving annual returns, this book clarifies and demystifies important concepts surrounding trustee duties and responsibilities, investment strategies, analysis, evaluation and much more. Low interest rates are making the high cost of future pension payouts fraught with tension, even as the time and knowledge required to manage these funds...

Corporate Governance in Banking and Investor Protection: From Theory to Practice

By Belen Diaz Diaz, Samuel O Idowu, Philip Molyneux This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate...

Demographic Challenges for Management: Fad or Reality?

By Eleanna Galanaki (Athens University of Economics and Business), Emma Parry (Cranfield School of Management), Ilona Bučiūnienė (ISM University of Management and Economics), Leda Panayotopoulou (Athens University of Economics and Business) Theory and practice in Human Resource Management (HRM) generally focuses on two levels of analysis: the individual and the organization. However, there is a growing recognition that HRM is manifested within larger environmental settings and several HRM researchers have approached the field with a more macro perspective. For example,...

ESG Investing: From Sin Stocks to Smart Beta

By Fabio Alessandrini (University of Lausanne; Banque Cantonale Vaudoise) & Eric Jondeau (University of Lausanne - Faculty of Business and Economics (HEC Lausanne); Swiss Finance Institute) Research on socially responsible investment in equity markets initially focused on sin stocks. Since then, the availability of data has been extended substantially and now covers environmental, social, and governance (ESG) criteria. Using ESG scores of firms belonging to the MSCI World universe, we measure the impact of score-based exclusion on both passive investment...

March 2019

Corporate Governance in Banking and Investor Protection: From Theory to Practice

By Belen Diaz Diaz, Samuel O Idowu, Philip Molyneux This book explores the status quo of corporate governance in banking and investor protection from both theoretical and practical perspectives. Bringing together original conclusions with a regional and international focus, it provides a timely and comprehensive overview of the effectiveness of corporate governance in the financial sector and an assessment of investor protection. It also includes a number of examples and case studies to illustrate the findings. The book compares corporate...

Global Pension Crisis: Unfunded Liabilities and How We Can Fill the Gap

By Richard A. Marin, Robert H. Frank A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs...

February 2019

What Is Policy Space for Diaconal Institutions? Challenges from Pension Obligations

By Hans Morten Haugen (VID Specialized University) Norwegian non-profit institutions have provided health care and social services in accordance with contracts with various public authorities. These contracts had various specifications concerning pensions. The core message in the contracts was, however, that employees in non-profit institutions were required to be included in similar pension agreements as public employees. During the latter part of the 2000s, this was no longer an explicit requirement in new contracts, but neither the various public contractors,...

September 2018

2018 Global Retirement Index: An in-depth assessment of welfare in retirement around the world

From Natixis Retirement security is arguably at the crossroads of history. On one side is the three-pillar funding model that’s been the basis of retirement systems across the globe for the better part of a century. On the other is the reality of 21st century demographics, fiscal imbalances, and monetary policies that are straining the resources of governments, employers and individuals worldwide. In the balance is our ability as a society to provide individuals with the opportunities and resources that...

Advances in the Practice of Public Investment Management: Portfolio Modelling, Performance Attribution and Governance

By Narayan Bulusu ,‎ Joachim Coche,‎ Alejandro Reveiz,‎ Francisco Rivadeneyra,‎ Vahe Sahakyan,‎ Ghislain Yanou This book covers the latest advances in the theory and practice of public investment management. It includes the most up-to-date developments in the implementation of public asset management - including multiple contributions on portfolio allocation in varying interest-rate and credit-risk environments. Other highlights include implementation, performance attribution and governance issues surrounding reserves management, portfolio construction techniques appropriate for public investors and an in-depth discussion of the...