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Spillover Effects Of Pension Funds On Capital Markets. The Eu-15 Countries Case

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  • MILOS LAURA RAISA

    (University „Eftimie Murgu” of Reşiţa, Faculty of Economics)

Abstract

The paper aims at providing new empirical evidence for the connection between pension reform and domestic stock market development, in the case of the old member states of European Union. We seek to measure the impact of private pension funds’ assets on the capital market development, using a panel data regression and after controlling for other explanatory variables. As predicted in the literature, the results show a positive connection.

Suggested Citation

  • Milos Laura Raisa, 2012. "Spillover Effects Of Pension Funds On Capital Markets. The Eu-15 Countries Case," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 164-170, December.
    • Handle: RePEc:cbu:jrnlec:y:2012:v:4i:p:164-170
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    References listed on IDEAS

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    Cited by:

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    2. Ashok Thomas & Luca Spataro, 2013. "Pension funds and Market Efficiency: A review," Discussion Papers 2013/164, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy.
    3. Suzana Demyen & Ion Lala Popa, 2015. "Correlation Betweenthe Employee’S Level Of Studies And Human Resource Performance In The Enterprises From Resita," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(43), pages 241-250.

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