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Title Stochastic dominance analysis of Slovak 2nd pillar pension funds Author info Miloš Kopa, Kristina Šutiené ... [et al.] Author Kopa Miloš (25%)
Co-authors Šutiené Kristina (25%)
Kabasinskas Audrius (25%)
Mešťan Michal 1991- (25%) UMBEF04 - Katedra financií a účtovníctva
Source document Financial management of firms and financial institutions : 12th international scientific conference, 3rd September 2019, Ostrava, Czech Republic : proceedings. S. 112-121. - Ostrava : Vysoká škola báňská - Technická univerzita Ostrava, 2019 / Borovcová Martina ; Čulík Miroslav ; Dluhošová Dana ; Dvoroková Kateřina ; Fasora Ondřej ; Financial management of firms and financial institutions international scientific conference Keywords pension funds stochastic analysis pension pillar Headings Geogr. Slovensko Form. Descr. príspevky v zborníku - proceedings papers Language English Country Czech Republic Annotation 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. URL https://www.ekf.vsb.cz/export/sites/ekf/frpfi/en/conference-proceedings/Sbornik-final.pdf Public work category AFC No. of Archival Copy 46430 Repercussion category ŠEBO, Ján - DANKOVÁ, Daniela - KRÁLIK, Ivan. In search of the optimal saving strategy for pan-European pension products. In Financial assets and investing. Brno : Masarykova univerzita v Brně, 2020. ISSN 1804-5081, 2020, vol. 11, no. 2, pp. 54-72.
Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title How are 1bis pension pillar funds performing? Subtitle a cross-country analysis Author info Michal Mešťan, Jan Šebo, Ivan Králik; [recenzované] Author Mešťan Michal 1991- (40%) UMBEF04 - Katedra financií a účtovníctva
Co-authors Šebo Ján 1978- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Králik Ivan 1992- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Source document European financial systems 2017 : proceedings of the 14th international scientific conference, June 26-27, 2017, Brno, part 2. S. 52-59. - Brno : Masaryk University, 2017 ; European financial systems 2017 medzinárodná vedecká konferencia Keywords pension funds pension pillar Language English Country Czech Republic systematics 336 Annotation Private DC pension schemes implemented in CEE countries possess common features in the way how contributions are made, investment vehicles and investment management. As the investment risk and subsequent adequacy risk is effectively shifted onto savers, pension funds’ performance net of fees and inflation is of utmost importance for the sustainability of the pension schemes and ability to deliver expected results from the view of replacement ratios. Understanding the investment returns and the impact of fees under the comparative analysis is therefore our main objective. Object of our research are the particular investment vehicles (pension funds) in three countries: Slovakia, Estonia and Latvia. Subject of our research is the risk adjusted returns of analyzed pension funds provided under the 1bis pillar pension scheme in these countries. We use conventional Sharpe and Sortino ratio to assess the performance and confirm that even if there are no major differences in investment policies, the risk adjusted performance is vastly different even when comparing similar pension funds based on their portfolio structure. We also suggest that these differences in risk adjusted performance may result in vastly different pension pots and thus replacement ratios. Public work category AFC No. of Archival Copy 40071 Repercussion category CERNEVICIENE, Jurgita - KABASINSKAS, Audrius. Review of multi-criteria decision-making methods in finance using explainable artificial intelligence. in Frontiers in artificial intelligence. ISSN 2624-8212, 2022, vol. 5, art. no. 827584, pp. 1-16.
KABASINSKAS, Audrius - SUTIENE, Kristina - KOPA, Milos - LUKSYS, Kestutis - BAGDONAS, Kazimieras. Dominance-based decision rules for pension fund selection under different distributional assumptions. In Mathematics. ISSN 2227-7390, 2020, vol. 8, no. 5, pp. 1-26.
WALCZAK, Damian. Equality in old-age security In Poland. In European financial systems 2018: proceedings of the 15th international scientific conference. Brno : Masarykova univerzita, 2018. ISBN 978-80-210-8980-8, pp. 818-824.
How are 1bis pension pillar funds performingPADYSAK, Matus. Active versus passive : the case of Slovak guaranteed pension funds. In 8th international scientific conference of the economics, management and business 2023 : contemporary issues, insights and new challenges, Starý Smokovec, 28.-29. september 2023. Prešov : Prešovská univerzita v Prešove, 2023. ISBN 978-80-555-3215-8, pp. 763-772.
Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title Meranie trhového rizika v podmienkach starobného dôchodkového sporenia a doplnkového dôchodkového sporenia na Slovensku Author info Nikola Karkošiaková, Ivan Králik, Michal Mešťan Author Karkošiaková Nikola 1990- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Králik Ivan 1992- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Mešťan Michal 1991- (40%) UMBEF04 - Katedra financií a účtovníctva
Source document Scientia Iuventa 2016 : zborník príspevkov z medzinárodnej doktorandskej konferencie, Banská Bystrica 21. apríla 2016 : proceedings from international scientific conference of PhD. students. CD-ROM, s. 235-246. - Banská Bystrica : Univerzita Mateja Bela, Ekonomická fakulta, 2016 / Hronček Peter 1989- ; Václavíková Daša 1990- ; Kiaba Martin 1988- ; Ďaďo Jaroslav 1954- ; Gúčik Marian 1945- ; Korimová Gabriela 1951- ; Kuvíková Helena 1950- ; Lesáková Ľubica 1949- ; Marková Viera 1952- ; Mikušová Meričková Beáta 1976- ; Orviská Marta 1963-2023 ; Uramová Mária 1952-2020 ; Vetráková Milota 1950- ; Závadský Ján 1975- ; Zimka Rudolf 1943- ; Čapková Soňa 1954- ; Hiadlovský Vladimír 1978- ; Horeháj Jozef 1952- ; Horehájová Mária 1959- ; Hronec Martin 1976- ; Hronec Štefan 1978- ; Hudec Ján 1955- ; Scientia Iuventa 2017 medzinárodná doktorandská konferencia Keywords dôchodky - dôchodok - pensions dôchodkové fondy hodnotenie rizík - risk assessment pension funds value at risk Language Slovak Country Slovak Republic systematics 330 Annotation Newly created private pension pillars in Slovakia allow people to save for retirement by investing into pension funds. Risk is very close to investing, therefore in financial practice many portfolio managers use Value at Risk (VaR) and Expected Shortfall (ES) as a tool for measuring market risk. The aim of the paper is to apply risk metrics on pension funds offered in 2nd and 3rd pillar in Slovakia and evaluate their ability to efficiently predict the market risk of the portfolios Public work category AFD No. of Archival Copy 36534 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title Saving strategies revalued: is bond pension fund really a safe pension vehicle? Author info Ján Šebo, Tomáš Virdzek, Ľubica Šebová Author Šebo Ján 1978- (50%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Virdzek Tomáš 1982- (20%) UMBEF16 - Výskumné a inovačné centrum
Šebová Ľubica 1978- (30%) UMBEF01 - Katedra cestovného ruchu
Source document Proceedings of the 20th international conference "Theoretical and practical aspects of public finance 2015" : Prague, April 2015. S. 244-249. - Praha : Vysoká škola ekonomická v Praze, 2015 / Kubátová Věra ; Theoretical and practical aspects of public finance 2015 medzinárodná konferencia Keywords dôchodkové úspory dôchodkový fond dlhopisy starobné dôchodkové sporenie - old-age pension savings - retirement savings pension funds bonds Language English Country Czech Republic systematics 368.914.2 Public work category AFC No. of Archival Copy 34268 Repercussion category MESTAN, Michal - KRALIK, Ivan - ZOFAJ, Matej - KARKOSIAKOVA, Nikola - KABASINSKAS, Audrius. Projections of pension benefits in supplementary pension saving scheme in Slovakia. In Central European journal of operations research. ISSN 1435-246X, 2021, vol. 29, no. 2, pp. 687-712.
Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title New concept of pension funds performance evaluation Par.title Nový koncept hodnotenia výkonnosti dôchodkových fondov Author info Vlastimil Farkašovský Author Farkašovský Vlastimil 1988- (100%) UMBEF04 - Katedra financií a účtovníctva
Source document 17th AMSE Applications of mathematics and statistics in economics : 17th international scientific conference, conference proceedings, Poland 27-31 August 2014. Pp. 85-94. - Wrocław : Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu, 2014 / Rusnak Zofia ; Zmyślona Beata ; Bašta Milan ; Bílková Diana ; 17th AMSE international scientific conference Keywords dôchodkové fondy hodnotenie výkonnosti - performance evaluation pension funds value of money Language English Country Poland systematics 336 Annotation One of the most important issues related to the pension system is the question of its performance and level of risk. The paper deals with problem of evaluation of the Slovak pension funds performance. The paper describes inaccuracies of the present methodology used by official authorities to evaluate pension funds’ performance. It is based on changes in pension unit current value, which is by law defined as a share on assets of pension fund, not a rate of return. The paper aims to present the new innovative methodology that accurately assesses the pension funds nominal and real performance including also time value of money. It is based on future value and internal rate of return computed by nonlinear iterative methods Public work category AFC No. of Archival Copy 33124 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title Challenges in Slovak PAYG and DC schemes Author info Ján Šebo, Ľubica Šebová, Tomáš Virdzek Author Šebo Ján 1978- (40%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Šebová Ľubica 1978- (30%) UMBEF01 - Katedra cestovného ruchu
Virdzek Tomáš 1982- (30%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Source document Social security systems against the challenges of demographics and market. Pp. 71-86. - Poznań : Wydawnictwo Politechniki Poznańskiej, 2014 / Chybalski Filip ; Januszek Henryk Keywords PAYG system pension funds regulations protiraketová zmluva (ABM) Language English Country Poland systematics 334 Public work category AEC No. of Archival Copy 31127 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title Political risk and pension funds performance - the case of Slovakia Par.title Politické riziko a výkonnosť dôchodkových fondov - prípad Slovenska Author info Ján Šebo, Tomáš Virdzek Author Šebo Ján 1978- (60%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Co-authors Virdzek Tomáš 1982- (40%) UMBEF15 - Katedra verejnej ekonomiky a regionálneho rozvoja
Source document Old-Age Crisis and Pension Reform. Where do we stand?. S. 107-122. - Poznan : Publishing House of Poznan Univesity of Technology, 2013 / Januszek Henryk Keywords politické riziko dôchodkový fond výkonnosť - performance political risk pension funds performance Language English Country Poland systematics 336.5 Public work category AEC No. of Archival Copy 26955 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title Gender and extended actuarial functions in pension insurance Author info Jana Špirková, Mária Spišiaková Author Špirková Jana 1962- (50%) UMBEF05 - Katedra kvantitatívnych metód a informačných systémov
Co-authors Spišiaková Mária 1959- (50%) UMBEF06 - Katedra odbornej jazykovej komunikácie
Source document Statistika : Statistics and Economy Journal. Vol. 49, no. 4 (2012), pp. 59-66. - Praha : Český statistický úřad, 2012 Keywords annuity rozšírenie - extension gender pension pension funds pension insurance Language English Country Czech Republic systematics 347.764 Public work category ADE No. of Archival Copy 24328 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ References PERIODIKÁ-Súborný záznam periodika Title Niektoré aspekty verejných financií, verejných rozpočtov štátu a územnej samosprávy Author info Ján Králik Author Králik Ján 1949- (100%) UMBPO01 - Katedra politológie
Source document Vybrané problémy verejnej ekonomiky a verejných financií. S. 9-61. - Sládkovičovo : Vysoká škola Visegrádu, 2011 / Klus Martin 1980- ; Kováčová Eleonóra 1977- ISBN 978-80-89267-67-5 Keywords verejné rozpočty - public budgeting dôchodkové fondy pension funds rozpočtové zásady budgetary principles rozpočtová klasifikácia budgetary classification Language Slovak Country Slovak Republic systematics 336 Annotation Príspevok obsahuje niektoré aspekty teórie financií v komparácii s praxou. Prináša analýzu dôchodkového zabezpečenia a analyzuje stav verejných financií pre dôchodkový systém Public work category BBB No. of Archival Copy 21040 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ Title Vplyv legislatívy a stratégie asset managementu dôchodkových podnikov na bezpečnosť a výkonnosť dôchodkových fondov v podmienkach SR Author info Tomáš Virdzek Author Virdzek Tomáš 1982- UMBEF08 - Katedra verejnej ekonomiky
Source document Mladí vedci 2009 : zborník z 3. medzinárodnej doktorandskej konferencie, Herľany 9. - 10. november 2009. S. [1-15]. - Košice : Technická univerzita, Ekonomická fakulta, 2009 / Šoltés Vincent ; Jakubíková Emília ; Orviská Marta 1963-2023 ; Deák Csaba ; Polách Jiří Keywords dôchodkové fondy zákonodarstvo - legislatíva - tvorba práva - normotvorba - legislation asset management performance pension funds Language Slovak Country Slovak Republic systematics 368.914 Annotation Res. angl. Public work category AFD No. of Archival Copy 15674 Catal.org. BB301 - Univerzitná knižnica Univerzity Mateja Bela v Banskej Bystrici Database xpca - PUBLIKAČNÁ ČINNOSŤ