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Last modified: July 22, 2009 - SMARTech - Georgia Institute of - smartech gatech

Last modified: July 22, 2009 - SMARTech - Georgia Institute of - smartech gatech-2025

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The dissertation by Rayna L. Stoycheva examines the governance and management of defined benefit pension plans in the public sector, focusing on the period from 2000 to 2009. It investigates how political interference, board composition, and financial management practices affect pension fund performance through agency theory. The study finds that political interference primarily impacts funding levels, while board expertise and training influence investment returns. The research highlights the need for better measures of governance and fiscal stress to enhance understanding of public pension systems.

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