Empirical Study under the Encouraging Model to Managerial Fees of Social Security Fund Investment

Abstract

The essay mainly explores the relationship of current fees, last period fees, size and the return of investment in 102 social security funds. It starts from the Encouraging Model and comes to the conclusion that the factor current fees and last period fees impact the return of investment positively. On the contrary, it finds that the size of fund impact the return of investment negatively.