메뉴 건너뛰기




Volumn 37, Issue 3, 2012, Pages 415-439

Retirement savings investment choices in response to the global financial crisis: Australian evidence

Author keywords

global financial crisis; investment choice; pensions; retirement savings; superannuation

Indexed keywords


EID: 84871238459     PISSN: 03128962     EISSN: 13272020     Source Type: Journal    
DOI: 10.1177/0312896212450041     Document Type: Article
Times cited : (36)

References (59)
  • 2
    • 0037564563 scopus 로고    scopus 로고
    • Interaction terms in logit and probit models
    • Ai C,Norton E.Interaction terms in logit and probit models.Economics Letters. 2003;80:123-129.
    • (2003) Economics Letters , vol.80 , pp. 123-129
    • Ai, C.1    Norton, E.2
  • 3
    • 0033241347 scopus 로고    scopus 로고
    • Comparing logit and probit coefficients across groups
    • Allison P.Comparing logit and probit coefficients across groups.Sociological Methods & Research. 1999;28:186-208.
    • (1999) Sociological Methods & Research , vol.28 , pp. 186-208
    • Allison, P.1
  • 5
    • 84871205815 scopus 로고    scopus 로고
    • contributions: the latest recession fallout
    • HR Focus. contributions: the latest recession fallout; 2009:7-9.
    • (2009) HR Focus , pp. 7-9
  • 11
    • 84871210734 scopus 로고    scopus 로고
    • Melbourne, VIC, Australia: Australian Institute of Trustees
    • Melbourne, VIC, Australia: Australian Institute of Trustees; 2008:.
    • (2008)
  • 12
    • 77952009012 scopus 로고    scopus 로고
    • Australian Prudential Regulation Authority, Available at
    • Australian Prudential Regulation Authority (2008) Annual superannuation bulletin. Available at: http://www.apra.gov.au/statistics.
    • (2008) Annual superannuation bulletin
  • 13
    • 77953550524 scopus 로고    scopus 로고
    • Australian Prudential Regulation Authority, Available at
    • Australian Prudential Regulation Authority (2009) Annual superannuation bulletin. Available at: http://www.apra.gov.au/statistics.
    • (2009) Annual superannuation bulletin
  • 14
    • 80054838660 scopus 로고    scopus 로고
    • Australian Prudential Regulation Authority, Available at
    • Australian Prudential Regulation Authority (2010) Annual superannuation bulletin. Available at: http://www.apra.gov.au/statistics.
    • (2010) Annual superannuation bulletin
  • 15
    • 84857001561 scopus 로고    scopus 로고
    • Australian Prudential Regulation Authority, Available at
    • Australian Prudential Regulation Authority (2011) Annual superannuation bulletin. Available at: http://www.apra.gov.au/statistics.
    • (2011) Annual superannuation bulletin
  • 16
    • 79952087548 scopus 로고    scopus 로고
    • Australian Taxation Office, Available at
    • Australian Taxation Office (2009) Self-managed super fund statistical report. Available at: http://www.ato.gov.au/superfunds.
    • (2009) Self-managed super fund statistical report
  • 18
    • 2442657434 scopus 로고    scopus 로고
    • Thoughts on the future: Life-cycle investing in theory and practice
    • Bodie Z.Thoughts on the future: Life-cycle investing in theory and practice.Financial Analysts Journal. 2003;59:24-29.
    • (2003) Financial Analysts Journal , vol.59 , pp. 24-29
    • Bodie, Z.1
  • 20
    • 32744459788 scopus 로고    scopus 로고
    • A matter of choice
    • Available at
    • BowmanL (2003) A matter of choice. Money Management. Available at: http://www.moneymanagement.com.au/analysis/financial-services/archive/a-matter-of-choice.
    • (2003) Money Management
    • Bowman, L.1
  • 23
    • 59849126496 scopus 로고    scopus 로고
    • Drivers of individuals' superannuation investment choices: preliminary evidence on return chasing and demographics
    • Clark-Murphy M,Gerrans P,Speelman C.Drivers of individuals' superannuation investment choices: preliminary evidence on return chasing and demographics.Journal of Family and Economic Issues. 2009;30:4-19.
    • (2009) Journal of Family and Economic Issues , vol.30 , pp. 4-19
    • Clark-Murphy, M.1    Gerrans, P.2    Speelman, C.3
  • 24
    • 80053982015 scopus 로고    scopus 로고
    • Commonwealth of Australia, Available at
    • Commonwealth of Australia (2010) Super system review final report. Available at: http://www.supersystemreview.gov.au.
    • (2010) Super system review final report
  • 25
    • 84871206194 scopus 로고    scopus 로고
    • Joondalup, Western Australia: Edith Cowan University
    • Croy G,Gerrans P,Speelman CJoondalup, Western Australia: Edith Cowan University; 2009:.
    • (2009)
    • Croy, G.1    Gerrans, P.2    Speelman, C.3
  • 26
    • 78449268824 scopus 로고    scopus 로고
    • The role and relevance of domain knowledge, perceptions of planning importance, and risk tolerance in predicting savings intentions
    • Croy G,Gerrans P,Speelman C.The role and relevance of domain knowledge, perceptions of planning importance, and risk tolerance in predicting savings intentions.Journal of Economic Psychology. 2010a;31:860-871.
    • (2010) Journal of Economic Psychology , vol.31 , pp. 860-871
    • Croy, G.1    Gerrans, P.2    Speelman, C.3
  • 28
    • 84871205767 scopus 로고    scopus 로고
    • Speech to the Trans-Tasman Business Circle, Auckland (30November2010). Available at
    • D'AloisioT (2010) Responding to the global financial crisis: The ASIC story. Speech to the Trans-Tasman Business Circle, Auckland (30November2010). Available at http://www.asic.gov.au.
    • (2010) Responding to the global financial crisis: The ASIC story
    • D'Aloisio, T.1
  • 29
    • 84871214250 scopus 로고    scopus 로고
    • Report, Melbourne Centre for Financial Studies, Melbourne, Australia, March. Available at
    • DavisK (2010) Regulatory responses to the financial sector crisis. Report, Melbourne Centre for Financial Studies, Melbourne, Australia, March. Available at: http://kevindavis.com.au/secondpages/acadpubs/2009/Regulatory%20Responses%20to%20the%20Financial%20Sector%20Crisis-v2final.pdf.
    • (2010) Regulatory responses to the financial sector crisis
    • Davis, K.1
  • 30
    • 84871224175 scopus 로고    scopus 로고
    • Address to the Foundation for Aged Care Business. Available at
    • EdeyM (2009) The financial crisis and its effects. Address to the Foundation for Aged Care Business. Available at: http://www.rba.gov.au/Speeches/2009/sp_ag_190309.html.
    • (2009) The financial crisis and its effects
    • Edey, M.1
  • 31
    • 84871221236 scopus 로고    scopus 로고
    • Voluntary super contributions have 'all but dried up'
    • Available at
    • EganL (2009) Voluntary super contributions have 'all but dried up'. Money Management. Available at: http://www.moneymanagement.com.au/news/financial-services/archive/voluntary-super-contributions-have-all-but-dried-u.
    • (2009) Money Management
    • Egan, L.1
  • 32
    • 84871219083 scopus 로고    scopus 로고
    • The global financial crisis of 2007-2009 - an Australian perspective
    • Eslake S.The global financial crisis of 2007-2009 - an Australian perspective.Economic Papers. 2009;28:226-238.
    • (2009) Economic Papers , vol.28 , pp. 226-238
    • Eslake, S.1
  • 33
    • 84992861677 scopus 로고    scopus 로고
    • Do past performance and past cash flows explain current cash flows into retail superannuation funds in Australia?
    • Frino A,Heaney R,Service D.Do past performance and past cash flows explain current cash flows into retail superannuation funds in Australia?.Australian Journal of Management. 2005;30:229-244.
    • (2005) Australian Journal of Management , vol.30 , pp. 229-244
    • Frino, A.1    Heaney, R.2    Service, D.3
  • 34
    • 34250164285 scopus 로고    scopus 로고
    • Will investors change their superannuation fund given the choice?
    • Fry T,Heaney R,McKeown W.Will investors change their superannuation fund given the choice?.Accounting and Finance. 2007;47:267-283.
    • (2007) Accounting and Finance , vol.47 , pp. 267-283
    • Fry, T.1    Heaney, R.2    McKeown, W.3
  • 35
    • 77953553202 scopus 로고    scopus 로고
    • An investigation of home bias in superannuation investment choices
    • Gerrans P,Gardner D,Speelman C, et al.An investigation of home bias in superannuation investment choices.Economic Papers. 2006;25:17-31.
    • (2006) Economic Papers , vol.25 , pp. 17-31
    • Gerrans, P.1    Gardner, D.2    Speelman, C.3
  • 36
    • 84871191141 scopus 로고    scopus 로고
    • Joondalup, Western Australia: Edith Cowan University
    • Gerrans P,Smith M,Whale JJoondalup, Western Australia: Edith Cowan University; 2009:.
    • (2009)
    • Gerrans, P.1    Smith, M.2    Whale, J.3
  • 39
    • 0021575963 scopus 로고
    • Specification tests for the multinomial logit model
    • Hausman J,McFadden D.Specification tests for the multinomial logit model.Econometrica. 1984;52:1219-1240.
    • (1984) Econometrica , vol.52 , pp. 1219-1240
    • Hausman, J.1    McFadden, D.2
  • 41
    • 84871232110 scopus 로고    scopus 로고
    • Equities: Pursuing a bear?
    • 4June2009. Available at
    • LegoranoG (2009) Equities: Pursuing a bear?Professional Pensions, 4June2009. Available at: http://www.professionalpensions.com/professional-pensions/feature/1532804/equities-pursuing-bear.
    • (2009) Professional Pensions
    • Legorano, G.1
  • 47
    • 84871237522 scopus 로고    scopus 로고
    • OECD, OECD/IOPS Global Forum on Private Pensions, Sydney. Available at
    • OECD (2010) Protecting retirement income: Improving the design of DC pension plans. OECD/IOPS Global Forum on Private Pensions, Sydney. Available at: http://www.oecd.org/dataoecd/2/31/46263062.pdf.
    • (2010) Protecting retirement income: Improving the design of DC pension plans
  • 48
    • 84871215830 scopus 로고    scopus 로고
    • Australia: Reserve Bank of Australia, Canberra, ACT
    • Australia: Reserve Bank of Australia, Canberra, ACT; 2009:.
    • (2009)
  • 49
    • 84871245036 scopus 로고    scopus 로고
    • Reserve Bank of Australia, Available at
    • Reserve Bank of Australia (2012) International Share Price Indices. Available at: http://www.rba.gov.au/statistics/tables/index.html#share_mkts.
    • (2012) International Share Price Indices
  • 51
    • 84871184707 scopus 로고    scopus 로고
    • Member choices squeezing super funds
    • Available at
    • RiversR (2009) Member choices squeezing super funds. Super Review. Available at: http://www.superreview.com.au/article/Member-choices-squeezing-funds/474296.aspx.
    • (2009) Super Review
    • Rivers, R.1
  • 52
    • 81455147166 scopus 로고    scopus 로고
    • Risk perception and risk tolerance changes attributable to the 2008 economic crisis
    • Roszkowski M,Davey G.Risk perception and risk tolerance changes attributable to the 2008 economic crisis.Journal of Financial Service Professionals. 2010;64:42-53.
    • (2010) Journal of Financial Service Professionals , vol.64 , pp. 42-53
    • Roszkowski, M.1    Davey, G.2
  • 54
    • 0002016470 scopus 로고
    • The long-term case for equities and how it can be oversold
    • Samuelson PA.The long-term case for equities and how it can be oversold.Journal of Portfolio Management. 1994;21:15-24.
    • (1994) Journal of Portfolio Management , vol.21 , pp. 15-24
    • Samuelson, P.A.1
  • 55
    • 84871245460 scopus 로고    scopus 로고
    • Has Australia's corporate law and superannuation system responded well to the global financial crisis?
    • Available at
    • SherryN (2008a) Has Australia's corporate law and superannuation system responded well to the global financial crisis? Address to the national press club. Available at: http://ministers.treasury.gov.au.
    • (2008) Address to the national press club
    • Sherry, N.1
  • 56
    • 84871196259 scopus 로고    scopus 로고
    • Superannuation Stakeholder Group, Available at
    • Superannuation Stakeholder Group (2009) Super industry bands together to urge Australians to keep the faith with their super. Available at: http://www.fsc.org.au/media-centre/media-releases/2009/super-industry-bands-together-to-urge-australians-to-keep-the-faith-with-their-super.aspx.
    • (2009) Super industry bands together to urge Australians to keep the faith with their super
  • 59
    • 84871183211 scopus 로고    scopus 로고
    • Washington, DC: EBRI
    • Vanderhei JWashington, DC: EBRI; 2009:.
    • (2009)
    • Vanderhei, J.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.