Avrahampour, Yally 
ORCID: 0009-0003-9603-399X
(2008)
A relational account of the valuation and management of UK defined benefit pension funds (1948-2008).
Academy of Management Annual Meeting Proceedings, 8 (1).
pp. 1-39.
ISSN 2151-6561
Abstract
paper provides an account of the rise and decline of UK defined benefit pension provision. A relational model of economic agency is introduced in which the agent; the pension fund manager (PFM), uses ambiguity to mediate between shareholders and members; two principals with conflicting objectives. The evolution of financial accounting both requires feedback to be provided by professional working within client firms, leading to the emergence of the PFM's role, and introduces performance measures which constrain the PFM. Four eras in pension fund financial accounting are related to four eras in the setting of pension fund investment policy.
| Item Type: | Article |
|---|---|
| Official URL: | http://aom.org/ |
| Additional Information: | © 2013 Academy of Management |
| Divisions: | Management |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HF Commerce > HF5601 Accounting |
| Date Deposited: | 14 Jun 2013 09:24 |
| Last Modified: | 11 Dec 2024 23:26 |
| URI: | http://eprints.lse.ac.uk/id/eprint/50812 |
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