Investment Decisions in the Romanian Pension Funds
AbstractThe paper presents the needs of a reliable pension fund system as a consequence of the ageing of the population. The sustainability of the privately administrated pension funds is given by the administrators’ investment decision. The pension fund participants would aim for a low contribution and expect for a prospective high return. At this point is the administrator’s decision to invest the fund in a high return – high risk portfolio that would lead to a high volatility or in a moderate return portfolio with a manageable risk.
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Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): XI (2011)
Issue (Month): 1 (May)
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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
More information through EDIRC
pension funds; decision theory; asset and liabilities management;
Find related papers by JEL classification:
- G23 - Financial Economics - - Financial Institutions and Services - - - Non-bank Financial Institutions; Financial Instruments; Institutional Investors
- G17 - Financial Economics - - General Financial Markets - - - Financial Forecasting and Simulation
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
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- Podoaba Lucia & Oprean Delia, 2013. "An Empirical Study Of Economic Alternatives For The Elderly In Romania," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 2, pages 47-55, April.
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