The risk appetite of pension funds
作者： E. Sotiropoulos
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摘要: The purpose of this thesis project is to concentrate on a unique country and investigate the effect pension funds’ characteristics their risk appetite by observing different investment strategies. we focus Greece. To develop our research apply panel data analysis using both fixed random effects 81 funds for time period 2005-2009. We conjectue negative relationship between age equity in according with life-cycle theory as well positive size-equity relationship. Additionally, test economic sector-stock 17 sectors assuming sector-equity industries appropriate “know-how” when investing. find that younger wealthier ones tend take more average indeed indicating age-equity relationships respectively conjectured. Moreover, majority which belong to, do not significantly affect taking behavior while only Banking sector positively affects its appetite.
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