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Investment Decisions in the Romanian Pension Funds

Author

Listed:
  • Ciobotea Adina

    () (Academy of Economic Studies, Bucharest)

  • Oaca Sorina Cristina

    () (Academy of Economic Studies, Bucharest)

Abstract

The 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.

Suggested Citation

  • Ciobotea Adina & Oaca Sorina Cristina, 2011. "Investment Decisions in the Romanian Pension Funds," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 359-362, May.
  • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:359-362
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    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/rezumate2011p1.pdf
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    Citations

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    Cited by:

    1. 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.

    More about this item

    Keywords

    pension funds; decision theory; asset and liabilities management;

    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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