The Efficiency of Mandatory Pension Funds: Case of Croatia

Draženović Bojana Olgić (), Hodžić Sabina () and Maradin Dario ()
Additional contact information
Draženović Bojana Olgić: PhD Associate Professor, Faculty of Economics and Business, University of Rijeka
Hodžić Sabina: PhD, Assistant Professor, Faculty of Tourism and Hospitality Management, University of Rijeka
Maradin Dario: PhD, Assistant Professor, Faculty of Economics and Business, University of Rijeka

South East European Journal of Economics and Business, 2019, vol. 14, issue 2, 82-94

Abstract: The aim of this paper is to examine performance of pension funds in Croatia, or more precisely, to measure the technical efficiency of mandatory pension funds. The main role of the pension funds is to collect and invest the money contributed by the employer or the employee during working years until retirement. Therefore, development of pension funds as institutional investors is especially important for capital markets as well as for the whole economy. By applying the methodology of data envelopment analysis on a sample of 12 DMUs, i.e. four mandatory pension funds divided into three categories (A, B or C) for 2015-2018 period, we provide further evidence on their efficiency level. The results have shown very small differences among relative inefficient pension funds.

Keywords: mandatory pension funds; technical efficiency; data envelopment analysis; pension system (search for similar items in EconPapers)
JEL-codes: C61 G14 G23 H55 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/jeb-2019-0015 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:vrs:seejeb:v:14:y:2019:i:2:p:82-94:n:7

DOI: 10.2478/jeb-2019-0015

Access Statistics for this article

South East European Journal of Economics and Business is currently edited by Adnan Efendic, Vesna Babić-Hodović and Aziz Šunje

More articles in South East European Journal of Economics and Business from Sciendo
Bibliographic data for series maintained by Peter Golla ().