THE IMPACT OF INVESTMENT PERFORMANCE ON THE COMPETITION OF RUSSIAN PENSION MARKET
Abstract
The paper is aimed to define the impact of the nominal return and Sharp coefficient, that derived from investment of pension savings, on the market power of pension funds or asset management companies in Russia. The models of linear and multiple regression don’t show significant link between the result of pension savings’ investment and client’s choice of retirement savings provider. The research proves the existence of weak motivation of agents to improve the quality of pension savings’ investment.
About the Authors
K. A. Tumanyants
Volgograd State University
Russian Federation
PhD in Economics, Associated professor, Department of Economic Theory and Economic Policy
Russian Federation
PhD in Economics, Associated professor, Department of Economic Theory and Economic Policy
G. V. Timofeeva
Russian Presidential Academy of National Economy and Public Administration
Russian Federation
Doctor of Economics, Professor, Department of Economics and Finance Public Sector
Russian Federation
Doctor of Economics, Professor, Department of Economics and Finance Public Sector
Yu. V. Timofeev
Frankfurt Sсhool of Finance & Management
Germany
Doctoral candidate, PhD in Economics
Germany
Doctoral candidate, PhD in Economics
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Review
For citations:
Tumanyants K.A., Timofeeva G.V., Timofeev Yu.V. THE IMPACT OF INVESTMENT PERFORMANCE ON THE COMPETITION OF RUSSIAN PENSION MARKET. Vestnik NSUEM. 2015;(3):39-55. (In Russ.)
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