Počet záznamov: 1  

Stochastic dominance analysis of Slovak 2nd pillar pension funds

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    $a eng
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    $a Stochastic dominance analysis of Slovak 2nd pillar pension funds $f Miloš Kopa, Kristina Šutiené ... [et al.]
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    $a The paper analyses the returns of Slovak 2nd pillar pension funds using several approaches. The main goal of the paper is to compare these funds among each other and to find the most attractive ones. Since the fund returns are random, we are working with the probability distributions of the returns estimated from the data parametrically (assuming a stable distribution) and nonparametrically (assuming an empirical distribution). Moreover, we consider several ways of comparisons (descriptive statistics, performance ratios and stochastic dominance relations) focusing mainly on the stochastic dominance analysis. We employ stochastic dominance rules of the first order, second order, third order as usually. Moreover, we consider the most attractive stochastic dominance relation generated by utility functions with decreasing absolute risk aversion – DARA stochastic dominance, Finally, we compare the results of all these approaches.
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    $1 001 umb_un_cat*0278456 $1 010 $a 978-80-248-4344-5 $1 011 $a 2336-162X $1 200 1 $a Financial management of firms and financial institutions $e 12th international scientific conference, 3rd September 2019, Ostrava, Czech Republic $e proceedings $g rec. Martina Borovcová, Miroslav Čulík ... [et al.] $v S. 112-121 $1 205 $a 1. vyd. $1 210 $a Ostrava $c Vysoká škola báňská - Technická univerzita Ostrava $d 2019 $1 215 $a 300 s. $1 702 1 $3 umb_un_auth*0278934 $a Borovcová $b Martina $4 675 $1 702 0 $3 umb_un_auth*0011531 $a Čulík $b Miroslav $4 675 $1 702 1 $3 umb_un_auth*0166174 $a Dluhošová $b Dana $4 675 $1 702 1 $3 umb_un_auth*0235071 $a Dvoroková $b Kateřina $4 675 $1 702 1 $3 umb_un_auth*0278936 $a Fasora $b Ondřej $4 675 $1 710 11 $3 umb_un_auth*0278940 $a Financial management of firms and financial institutions $b international scientific conference $d 12. $e Ostrava, Czech Republic $f 03.09.2019
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    $3 umb_un_auth*0172870 $a pension funds
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    $3 umb_un_auth*0235246 $a stochastic analysis
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    $3 umb_un_auth*0159340 $a pension pillar
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    $3 umb_un_auth*0036119 $a Slovensko $X Slovakia $X Slovak Republic
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    $3 umb_un_auth*0273283 $a príspevky v zborníku $X proceedings papers
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    $a Kopa $b Miloš $4 070 $9 25 $3 umb_un_auth*0278930
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    $a Šutiené $b Kristina $4 070 $9 25 $3 umb_un_auth*0278931
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    $a Kabasinskas $b Audrius $4 070 $9 25 $3 umb_un_auth*0278932
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    $a Mešťan $b Michal $4 070 $9 25 $3 umb_un_auth*0232064 $f 1991- $p UMBEF04 $q 1 $T Katedra financií a účtovníctva
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    $a SK $b BB301 $g AACR2 $9 unimarc sk
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    $u https://www.ekf.vsb.cz/export/sites/ekf/frpfi/en/conference-proceedings/Sbornik-final.pdf
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    $x existuji fulltexy
Počet záznamov: 1  

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