Pregled bibliografske jedinice broj: 897495
Performance appraisal of Croatian mandatory pension funds
Performance appraisal of Croatian mandatory pension funds // FIP - Financije i pravo, 4 (2016), 1; 7-30 (međunarodna recenzija, članak, znanstveni)
CROSBI ID: 897495 Za ispravke kontaktirajte CROSBI podršku putem web obrasca
Naslov
Performance appraisal of Croatian mandatory pension funds
Autori
Matek, Petar-Pierre ; Lukač, Marko ; Repač, Vedrana
Izvornik
FIP - Financije i pravo (1849-241X) 4
(2016), 1;
7-30
Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni
Ključne riječi
pension funds, risk-adjusted return, performance appraisal
Sažetak
The goal of this paper is to determine whether managers of Croatian mandatory pension funds have displayed investment skill on a risk- adjusted basis during the 2005-2014 period. We have calculated various risk-adjusted investment performance measures and have then used a number of statistical tools to test the significance of the results. Evidence from our analysis suggests that Croatian mandatory pension funds have reached their investment targets in terms of risk-free rates or benchmarks. Evidence of investment skill was found in some of the funds analyzed.
Izvorni jezik
Engleski
Znanstvena područja
Ekonomija
