題目：Impact of Pension Governance Practice on the Public Defined Benefit Pension Performance
主講人：徐國(guó)銓 博士 （Stevens Institute of Technology）
時(shí)間：2016年10月10日14:00-15:15
地點(diǎn)：主樓132
主講人介紹：
Dr. Guoquan Xu received his B.A. degree in International Economy and Trade and M.A degree in Applied Economics from Beijing Institute of Technology. He also received his M.E. degree and Ph.D. degree in Engineering Management (concentration on Accounting & Finance) from Stevens Institute of Technology in 2012 and 2016 respectively. During his study and work in Stevens, he was awarded for his distinguished service and teaching. Dr. Xu is a member of American Accounting Association (AAA) and American Society for Engineering Management (ASEM). His research interests include performance measurement, corporate governance, financial reporting quality and engineering economics.
內(nèi)容介紹：
Public defined benefit pension (DBP) plans are of great importance for the retirement life of many public employees. However, the deteriorated funding situation has been scrutinized by scholars, governmental agencies and the public. This presentation firstly gives an overview of the DBP plans within US public sector. Then it analyses the drawbacks of current performance measures and inappropriate governance practices. To shed light on the practice of public pension governance, we apply a data envelopment analysis (DEA) method to measure public DBP performance, and then construct a two-stage DEA model to examine empirically the relationship between public pension governance and performance. We find that the appointment of board trustees and existence of a separate investment council are measures positively associated with public DBP fund performance. On the other hand, increasing board size has a negative effect on performance, though, surprisingly, board financial expertise has no significant effect.
（承辦：會(huì)計(jì)系，科研與學(xué)術(shù)交流中心）
