IDEAS home Printed from https://ideas.repec.org/a/bas/econth/y2006i4p89-103.html
   My bibliography  Save this article

Principles for Regulating Investments of Pension Funds

Author

Listed:
  • Ivanka Daneva

Abstract

The regulation of investments of pension funds has been considered as an element of the overall regulation of their activities. Different aspects of the main principles, on which the investment restrictions are based, have been characterised - the prudent investment principle and the principle of quantity restrictions. The legal framework in Bulgaria has been analysed from this point of view and the necessity for its amending has been justified. Based on a brief analysis of Bulgarian regulatory practice, some unsolved issues have been outlined.

Suggested Citation

  • Ivanka Daneva, 2006. "Principles for Regulating Investments of Pension Funds," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 89-103.
    • Handle: RePEc:bas:econth:y:2006:i:4:p:89-103
    as

    Download full text from publisher

    File URL: http://www.ceeol.com/aspx/issuedetails.aspx?issueid=d985ea8b-1c46-42e7-b822-c35f166a4d48&articleid=32e92b24-c4e9-45c6-bed3-f41712809dfe#a32e92b24-c4e9-45c6-bed3-f41712809dfe
    Download Restriction: Free access
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Oecd, 2006. "OECD Guidelines on Pension Fund Asset Management," Financial Market Trends, OECD Publishing, vol. 2006(2), pages 171-187.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alejandro Reveiz & Carlos León & Juan Mario Laserna & Ivonne Martínez, 2008. "Recomendaciones para la modificación del régimen de pensiones obligatorias de Colombia," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 26(56), pages 78-113, June.
    2. Ricardo Bebczuk & Alberto Musalem & María Luisa Streb, 2011. "Suggesting Guidelines for Public Pension Funds Governance," Department of Economics, Working Papers 089, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    3. Riikka Sievänen & Hannu Rita & Bert Scholtens, 2017. "European Pension Funds and Sustainable Development: Trade‐Offs between Finance and Responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 26(7), pages 912-926, November.
    4. Heikki Hiilamo & Audrius Bitinas & Narith Chân, 2020. "Extending pension coverage in Cambodia: The governance and investment challenges of the Social Security Investment Fund," International Social Security Review, John Wiley & Sons, vol. 73(4), pages 97-116, October.
    5. Carlos Leon & Juan Mario Laserna, 2008. "Asignación Estratégica de Activos para Fondos de Pensiones Obligatorias en Colombia: Un Enfoque Alternativo," Borradores de Economia 523, Banco de la Republica de Colombia.
    6. Manuel Ammann & Christian Ehmann, 2017. "Is Governance Related to Investment Performance and Asset Allocation? Empirical Evidence from Swiss Pension Funds," Swiss Journal of Economics and Statistics, Springer;Swiss Society of Economics and Statistics, vol. 153(3), pages 293-339, July.
    7. Olivia S. Mitchell & John Piggott & Cagri Kumru, 2008. "Managing Public Investment Funds: Best Practices and New Challenges," NBER Working Papers 14078, National Bureau of Economic Research, Inc.
    8. Yu-Wei Hu & Gregorio Impavido & Xiaohong Li, 2009. "Governance and Fund Management in the Chinese Pension System," IMF Working Papers 2009/246, International Monetary Fund.
    9. Wilson Ngugi & Amos Njuguna, 2018. "Nexus Between Pension Fund Size, Design and Investment Strategy: A Review of Occupational Retirement Benefits Schemes in Kenya," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 9(3), pages 108-116, July.
    10. Riikka Sievänen & Hannu Rita & Bert Scholtens, 2013. "The Drivers of Responsible Investment: The Case of European Pension Funds," Journal of Business Ethics, Springer, vol. 117(1), pages 137-151, September.
    11. Maleva, Tatyana Mikhailovna (Малева, Татьяна Михайловна) & Gorlin, Yury Mikhailovich (Горлин, Юрий Михайлович) & Nazarov, Vladimir (Назаров, Владимир) & Grishina, Elena E. (Гришина, Елена Е.) & Kirill, 2014. "Creation and Development of Corporate Retirement Systems in the Russian Federation [Создание И Развитие Корпоративных Пенсионных Систем В Российской Федерации]," Published Papers om26, Russian Presidential Academy of National Economy and Public Administration.
    12. Gutierrez, Tomás & Pagnoncelli, Bernardo & Valladão, Davi & Cifuentes, Arturo, 2019. "Can asset allocation limits determine portfolio risk–return profiles in DC pension schemes?," Insurance: Mathematics and Economics, Elsevier, vol. 86(C), pages 134-144.

    More about this item

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bas:econth:y:2006:i:4:p:89-103. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Diana Dimitrova (email available below). General contact details of provider: https://edirc.repec.org/data/ikbasbg.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.