American Journal of Social Science Research
Articles Information
American Journal of Social Science Research, Vol.2, No.2, Apr. 2016, Pub. Date: Jun. 29, 2016
Paradigm Shift in the Namibian Pension Fund Industry: A Model to Deal with Legislative Change
Pages: 22-28 Views: 894 Downloads: 510
[01] Manfred Rii Zamuee, The Research Department, Maastricht School of Management, Maastricht, The Netherlands.
Legislative reform triggers environmental shock and pension funds are required to develop strategies to deal with such change. This research seeks to answer the main question whether pension funds are ready to embrace the major compliance requirements proposed under the Financial Institutions and Markets Bill (FIM Bill). Therefore, the research objective is to develop a qualitative model to help pension funds prepare for the proposed legislative changes.
Pension Funds, Change Management, Environmental Shock, Governance, Regulations, Compliance, Coverage
[01] Antolin, P., & Stewart, F. (2009). Private Pensions and Policy Reponses to the financial and Economic Crisis. OECD.
[02] Barnard, C. (1995). Organisational Theory. London: Oxford University Press.
[03] Barrientos, A., & Boussofiane, A. (2005). How efficient are pension funds in Chile? Revista de Economia Contemporanea (2), pp. 289-311.
[04] Bikker, J., & De Dreu, J. (2007). Operating costs of pension funds: The imapct of scale, governance and plan design. Amsterdam: Cambridge University Press.
[05] Christensen, P. (2007). Knowledge sharing - moving away from obsession with best practices. Journal of Knowledge Management Volume 11 No. 1, 36-47.
[06] Creswell. (2009). Research Design. London: SAGE Publications.
[07] Darwin, C. 1859. On the origin of species. London: Watts & Co.
[08] Davis, K. (1977). Organisational Behaviour. McGraw Hill.
[09] Ferrier, G., & Lovell, C. (1994). Measuring cost efficiency in banking: econometric and linear programming evidence. Journal of Econometrics, Volume 46, 229-245.
[10] Harris, D. (2006). The Influence of human factors on operational efficiency. Aircraft Engineering and Aerospace Technology.
[11] Hill, J. & Jones, T. M. (1992). Staleholder-Agency Theory. Journal of management Studies 29:2
[12] Holzmann, R. and Hinz, R. (2005) Old-age income support in the 21st century: An international perspective on pension systems and reform. Washington D.C.: The World Bank.
[13] Jensen, M & Meckling, W. H. (1976). Theory of the firm: managerial behaviour, agency costs, and ownership structure. Journal of Financial Economics, 3, 305-60
[14] Jones, S. 1999. Almost like a whale. The origin of species updated. London: Transworld.
[15] Kahnerman, D. and Tversky, A. (1979). Prospect Theory: An analysis of Decision under Risk. Econometrica, 47, pp. 263-291, March 1979.
[16] Kotlikoff, L. J. (1979). ""Testing the Theory of Social Security and Life-Cycle Accumulation."" The American Economic Review, vol. 69, June, pp. 396-410.
[17] Kumbhakar, S. C., & Asaftei, G. (2007). Regulation and efficiency in transition: the case of Romanian banks. Springer Science and Business Media, 1-2.
[18] Kwame, J., & Chowdhury, A. (2012). Is Good Governance Good for Development? UN Publications.
[19] Leedy, P. (1997). Practical Research: Planning and Design. Ohio: Prentice Hall.
[20] Miles, M., & Huberman, A. (1994). Qualitative Data Analysis: An Expanded Sourcebook. California: Sage.
[21] Modigliani, Franco. 1988. ""The R61e of Intergenerational Transfers and Life Cycle Saving in the Accumulation of Wealth."" The Journal of Economic Perspectives, vol. 2, no. 2, Spring~ pp. 15-40.
[22] Njuguna, A. (2010). Strategies to improve pension fund efficiency in Kenya. South Africa: Unpublished.
[23] OECD. (2002). International Network of Pension Regulations and Supervisors: Background and Research Activities. OECD.
[24] OECD. (2011). Pension Fund Operating Costs and Fees in Pension at a Glance 2011: Retirement Income Systems in OECD and G20 Countries. OECD Publishing.
[25] OECD. (2009). Pensions at a Glance : Retirement Income Systems in OECD Countries. OECD Publishing.
[26] Ponting, J. (2000). Social responsibility and pension schemes administered by trade unions. Johannesburg: Unpublished - University of Johannesburg.
[27] Saunders, Lewis, & Thornhill. (2009). Research Methods for Business Students. Prentice Hall.
[28] SA National Treasury. (2007). Social Security and Retirement Reform. Retrieved from
[29] SA National Treasury. (2013). Charges in South African Retirement Funds. Retrieved from
[30] Schleberger, & Devereux. (2002). Namibia's Universal Pension Scheme Trends and Challenges.
[31] Silverman, D. (1993). Interpreting Qualitative Data. London: Sage.
[32] Stiglitz, J. (1999). Rethinking Pension Reform : Ten Myths about Social Security Systems.
[33] Roessler, N. (2009). The German Pension System.
[34] Tang, M. (2008). The Efficiency of Pension Plan Investment Menus: Invesment Choices in Defined Contribution Pension Plans. Michigan: University of Michigan.
[35] World Bank. (1994). Averting the Old Age Crisis : Policies to protect the old or promote growth. Oxford.
[36] Yin, R. (2003). Case Study research: Design and methods. California: Sage.
[37] Viceira, L. (2007). Pension Fund Design in Developing Economies. Harvard Business Review.
[38] Zamuee, M. (2015). Data Envelopment Analysis to measure efficiency of Namibian pension funds. American Journal of Marketing Research.
[39] Zamuee, M. (2016). Structural Equation Modeling to Measure the Efficiency of Namibian Pension Funds. American Journal of Marketing Research.
MA 02210, USA
AIS is an academia-oriented and non-commercial institute aiming at providing users with a way to quickly and easily get the academic and scientific information.
Copyright © 2014 - 2017 American Institute of Science except certain content provided by third parties.