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dc.creatorAbinzano Guillén, María Isabeles_ES
dc.creatorMuga Caperos, Luis Fernandoes_ES
dc.creatorSantamaría Aquilué, Rafaeles_ES
dc.date.accessioned2015-11-02T15:39:19Z
dc.date.available2017-12-01T00:00:12Z
dc.date.issued2016
dc.identifier.issn0920-8550 (Print)
dc.identifier.issn1573-0735 (Electronic)
dc.identifier.urihttps://hdl.handle.net/2454/18754
dc.descriptionThe final publication is available at Springer via http://dx.doi.org/10.1007/s10693-015-0230-1en
dc.description.abstractWe examine the role of the investor type in the fee structure of pension plans. Our examination uses a data set of employer-sponsored and individual private pension funds in Spain. We find different determinants of the fees between these two pension plans. We find evidence of market penetration strategies in individual plans but none in employer-sponsored plans. In these plans, the fees are negatively related to their financial groups’ market share, whereas in individual plans this relation is negative for management fees but positive for custodian fees. Further, except in the case of custodian fees in individual plans, we find that all fees diminish when the custodian and management firms belong to different financial groups.en
dc.description.sponsorshipThis paper has received financial support from the Spanish Ministry of Economy and Competitiveness (ECO2012-35946-C02-01). Isabel Abinzano particularly acknowledges the financial support of the Andalusian Regional Government (P12-SEJ-1733).en
dc.format.mimetypeapplication/pdfen
dc.language.isoengen
dc.publisherSpringeren
dc.relation.ispartofJournal of Financial Services Research (2016) 50:387–417en
dc.rights© Springer Science+Business Media New York 2015en
dc.subjectPension plansen
dc.subjectIndividual plansen
dc.subjectEmployer plansen
dc.subjectFee capsen
dc.subjectCensored dataen
dc.titleThe role of investor type in the fee structures of pension plansen
dc.typeArtículo / Artikuluaes
dc.typeinfo:eu-repo/semantics/articleen
dc.contributor.departmentUniversidad Pública de Navarra. Departamento de Gestión de Empresases_ES
dc.contributor.departmentNafarroako Unibertsitate Publikoa. Enpresen Kudeaketa Sailaeu
dc.rights.accessRightsAcceso abierto / Sarbide irekiaes
dc.rights.accessRightsinfo:eu-repo/semantics/openAccessen
dc.embargo.terms2017-12-01es_ES
dc.identifier.doi10.1007/s10693-015-0230-1
dc.relation.projectIDinfo:eu-repo/grantAgreement/ES/6PN/ECO2012-35946
dc.relation.publisherversionhttps://dx.doi.org/10.1007/s10693-015-0230-1
dc.type.versionVersión aceptada / Onetsi den bertsioaes
dc.type.versioninfo:eu-repo/semantics/acceptedVersionen


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