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Performance appraisal of Croatian mandatory pension funds

Matek Petar Pierre   ORCID icon orcid.org/0000-0003-0152-6920
Marko Lukač   ORCID icon orcid.org/0000-0002-2155-5422 ; University College EFFECTUS - College for Finance and Law
Vedrana Repač ; University College EFFECTUS - College for Finance and Law

Puni tekst: engleski, pdf (593 KB) str. 7-30 preuzimanja: 246* citiraj
APA 6th Edition
Petar Pierre, M., Lukač, M. i Repač, V. (2016). Performance appraisal of Croatian mandatory pension funds. FIP - Financije i pravo, 4 (1), 7-30. Preuzeto s https://hrcak.srce.hr/156890
MLA 8th Edition
Petar Pierre, Matek, et al. "Performance appraisal of Croatian mandatory pension funds." FIP - Financije i pravo, vol. 4, br. 1, 2016, str. 7-30. https://hrcak.srce.hr/156890. Citirano 16.06.2021.
Chicago 17th Edition
Petar Pierre, Matek, Marko Lukač i Vedrana Repač. "Performance appraisal of Croatian mandatory pension funds." FIP - Financije i pravo 4, br. 1 (2016): 7-30. https://hrcak.srce.hr/156890
Harvard
Petar Pierre, M., Lukač, M., i Repač, V. (2016). 'Performance appraisal of Croatian mandatory pension funds', FIP - Financije i pravo, 4(1), str. 7-30. Preuzeto s: https://hrcak.srce.hr/156890 (Datum pristupa: 16.06.2021.)
Vancouver
Petar Pierre M, Lukač M, Repač V. Performance appraisal of Croatian mandatory pension funds. FIP - Financije i pravo [Internet]. 2016 [pristupljeno 16.06.2021.];4(1):7-30. Dostupno na: https://hrcak.srce.hr/156890
IEEE
M. Petar Pierre, M. Lukač i V. Repač, "Performance appraisal of Croatian mandatory pension funds", FIP - Financije i pravo, vol.4, br. 1, str. 7-30, 2016. [Online]. Dostupno na: https://hrcak.srce.hr/156890. [Citirano: 16.06.2021.]

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 analysed.

Ključne riječi
pension funds; risk-adjusted return; performance appraisal

Hrčak ID: 156890

URI
https://hrcak.srce.hr/156890

Posjeta: 538 *