文章基本信息

标题：The Efficiency of Mandatory Pension Funds: Case of Croatia
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作者：Bojana Olgić Draženović ; Sabina Hodžić ; Dario Maradin 等
期刊名称：South East European Journal of Economics and Business
印刷版ISSN：1840-118X
出版年度：2019
卷号：14
期号：2
页码：82-94
DOI：10.2478/jeb-2019-0015
出版社：Walter de Gruyter GmbH
摘要：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.
关键词：mandatory pension funds ; technical efficiency ; data envelopment analysis ; pension system ; c61 ; G14 ; G23 ; H55