Fueled by government policy and legislative action, the superannuation (pension) industry in Australia has grown rapidly over the past decade. With superannuation firmly entrenched as part of employee wage and salary packages, and with Government-mandated increasing rates of employer and...

The academic community seems divided into two camps: those who emphasise global finance and capital market integration and those that emphasize the economic geography of distinctively local regimes of accumulation. In the first instance, flows of capital and the corrosive forces of global...

Pension funds may be one of the few avenues now open for financing new urban infrastructure and development projects. But convention dominates the investment decisions of pension fund trustees, so it is difficult to see how the ambitions of advocates of pension fund investment can be squared...

In this paper we explain why the modern corporation may persist with decentralised system plants differentiated by the vintage of capital and the style of management. Here, our goal is to show how and why firms are, at once, structured by the inherited configuration of capital, and reproduce...

The retirement of the baby boom generation is a profound threat to the structure and organisation of continental European retirement systems. Whereas the German financial system, for example, has been often favourably compared to the Anglo-American system of corporate governance, it is argued in...

The global financial crisis has posed profound threats to pension welfare worldwide. This is particularly so in the UK with the closure of private defined benefit plans and the heavy losses experienced by many defined contribution pension plan participants. Meeting these challenges has placed a...

Concern about the competence of individual decision-makers has prompted governments and pension plan sponsors to take advantage of the insights gleaned from the behavioural revolution. Auto-enrolment, target-date and related investment strategies may effectively counter behavioural biases such...

It is widely observed that being in the market gives financial traders access to knowledge and information not available to remote traders. A truism of the geography of finance, it is also a perspective that can shed light on the interaction between market location, global financial movements,...

We examine European corporate governance with respect to the relationship between shareholder value and capital investment. Based upon Europe's largest listed companies, it is shown that Anglo-American conceptions of shareholder value are increasingly important for European firms whatever their...

We examine European corporate governance with respect to the relationship between shareholder value and capital investment. Based upon Europe's largest listed companies, it is shown that Anglo-American conceptions of shareholder value are increasingly important for European firms whatever their...