ASSET ALLOCATION POLICIES OF ROMANIAN PENSION FUNDS AND CAPITAL MARKET DEVELOPMENT

Alexandra Horobet, Livia Ilie and Cosmin Joldes
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Alexandra Horobet: Academy of Economic Studies Bucharest
Cosmin Joldes: Academy of Economic Studies Bucharest

Revista Economica, 2008, vol. 40, issue 4, 5-12

Abstract: The paper addresses the issue of asset allocation policies of Romanian pension funds and the potential impact they may have in the development of local capital markets, through active involvement in terms of investing funds, capital market expertise and improvements in corporate governance practices in Romanian companies. We analyze the investment alternatives available to Romanian pension funds starting from the limits imposed by the law and we discuss the proposed asset allocation strategies presented in funds’ issuance prospects.

Keywords: pension funds; capital market; Romania (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:41:y:2008:i:4:p:5-12

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