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Australia's Retail Superannuation Fund Industry: Structure, Conduct and Performance

Clements, Adam E., Dale, Gemma, & Drew, Michael E. (2006) Australia's Retail Superannuation Fund Industry: Structure, Conduct and Performance. Accounting, Accountability and Performance, 12(2), pp. 1-32.

Abstract

In this analysis of Australia's superannuation arrangements it is our conjecture that the structure and conduct of the retail superannuation industry in Australia directly impacts performance, resulting in the delivery of costly funds management products which add minimal value for investors over the long term. In this study, we take the perspective of an investor faced with selecting a retail superannuation fund, and explore the extent to which various differentiating characteristics (such as style, rating and cost) provide insights into fund quality which uses a variety of asset pricing models for the period 1991 through 2003. The results of this study, suggest that investors cannot garner superior risk-adjusted returns through reliance on such characteristics.

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ID Code: 10509
Item Type: Journal Article
Additional Information: For more information, please refer to the journal's website (see hypertext link) or contact the authors.
Additional URLs:
ISSN: 1445-954X
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2006 Griffiths University
Deposited On: 31 Oct 2007
Last Modified: 29 Feb 2012 23:28

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