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This study proposes a structured product (SP) for hedging defined contribution pension fund members against capital market risk. Using Monte Carlo simulations on three different guaranteed returns to test the investment strategy of the SP against a ...
Zvika Afik, Elroi Hadad, Rami Yosef
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Determinants of pension capital management in Poland
The pension system’s construction is an important element of the public finance system and the state budget policy. It is a relevant and important topic from the perspective of the level of cash benefits for future retirees after they finish their ...
P. Trippner
semanticscholar +1 more source
Corporate Pension Payment System under the Constraints of Cost of Capital: An Empirical Study
Reducing the cost of capital is an effective way to increase stockholders’ wealth and can also constrain the amount of corporate pension payments. This paper, taking the companies listed on A-share market during the year from 2008 to 2019 as samples ...
Lingbin Shan, Ming Su
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The Role of Pension Funds on Capital Market Growth in the New EU Member States
The main goal of this paper is to analyse the impact of pension funds on capital market development in 11 new EU member states1 (NMS ) from Central and Eastern Europe, using annual data from 2010 to 2020.
Gazmore Rexhepi, Burim Gashi
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The contributory pension scheme and the financial system development in Nigeria [PDF]
The article examined the influence of the contributory pension scheme on the financial system development in Nigeria. Evidence accumulated from both theoretical and empirical literature point to the power of contributory pension to deepen the financial ...
Cosmas O. ODO, Okeke Chinedu
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Redistribution, Pension Systems and Capital Accumulation [PDF]
In this paper we study the macroeconomic impact of a policy which changes the redistributive properties of an unfunded pension system. Using an overlapping generations model with a closed economy and heterogeneous agents, we show that a weaker link ...
Christophe Hachon
doaj +3 more sources
General Requirements for the Formation of Equity Capital of Non-Bank Financial Institutions [PDF]
The aim of the article is to study the general requirements for the formation of equity capital of non-bank financial institutions. The non-banking financial institutions, in particular, joint investment institutions, non-state pension funds, and leasing
Lutska Natalia I., Prokopenko Zhanna V.
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Unlocking the pension fund performance: A systematic literature review approach [PDF]
Pension funds have a pivotal role in financial systems, managing significant assets and contributing to economic growth through capital market investments. Identifying the key factors that influence their performance is essential for ensuring sustainable
Siniša Bogdan +2 more
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Pension Fund Capitalism: A Causal Analysis [PDF]
Abstract The rise and significance of pension funds has been described in various ways. Drucker (1993) thought that their growth presaged an era of ‘pension fund socialism’: because pension plans own large tranches of corporate equities, workers now own the means of production by virtue of their status as the beneficiaries of pension ...
openaire +2 more sources
Pension fund's illiquid assets allocation under liquidity and capital requirements
Defined benefit pension funds invest in illiquid asset classes for return, diversification or liability hedging reasons. So far, little is known about factors influencing how much they invest in illiquid assets.
Dirk Broeders +2 more
semanticscholar +1 more source

