Investment Decisions in the Romanian Pension Funds

Ciobotea Adina () and Oaca Sorina Cristina ()
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Ciobotea Adina: Academy of Economic Studies, Bucharest
Oaca Sorina Cristina: Academy of Economic Studies, Bucharest

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 359-362

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.

Keywords: pension funds; decision theory; asset and liabilities management (search for similar items in EconPapers)
JEL-codes: G11 G17 G23 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:359-362

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