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2018 | OriginalPaper | Buchkapitel

Institutional Risks: General Principles of Influence on Pension Systems

verfasst von : Nepp Alexander, Kazantseva Marina, Zhumash Kyzy Aidai, Shilkov Andrey

Erschienen in: Eurasian Business Perspectives

Verlag: Springer International Publishing

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Abstract

The pension system is a complex institutional system functioning in a constantly changing internal and external environment. Pension systems are dynamic ones and their parameters are changed under the influence of various factors, the most significant of which are demographic, investment and institutional ones. Institutional factors influence on both the distributional and funded pension systems. However, the article examines the influence of various factors on institutional investment profitability as the key indicator of funded pension systems. There has obtained such factors influencing financial and, consequently, pension institutions as the quality of the legal system, quality of the government regulation, corruption level, religious beliefs, safety and freedom of doing business etc.

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Titel: Institutional Risks: General Principles of Influence on Pension Systems
verfasst von: Nepp Alexander
Kazantseva Marina
Zhumash Kyzy Aidai
Shilkov Andrey
Verlag: Springer International Publishing
Buch: Eurasian Business Perspectives
Print ISBN: 978-3-319-67912-9

Electronic ISBN: 978-3-319-67913-6

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-67913-6_24