This assignment consists of a small empirical research project, where you will apply the tools learned in Quantitative Financial Analysis to answer three related research questions. Your report must answer ALL of the following research questions: 1. To what extent can companies' financial characteristics determine pension asset allocations? a. Question (1) must be answered by independently selecting 5 or more financial ratios. You are expected to justify your choice of financial ratios. 2. Can these models based on accounting and finance data be improved by including corporate governance information? 3. Given your analyses, what evidence can you provide as to the main cause(s) for companies to change their pension asset allocations