摘要
本文通过收集2003-2005年我国上市公司有关数据,从安全性、谨慎性、流动性和交易成本、公司业绩、投资风格等5个角度来研究养老基金的投资偏好。研究结果表明:我国养老基金偏好流动性强、交易成本低、风险小、规模大的公司作为投资对象。
This paper investigates investment preferences of pension funds from safety, prudence, liquidity, transaction costs, past performance and investment style using the data of listed companies from 2003 to 2005, and the results show that pension funds are more likely to choose the stocks which have the features of low risk, strong liquidity, low transaction costs and owned by large companies to invest.
出处
《统计研究》
CSSCI
北大核心
2008年第8期50-53,共4页
Statistical Research
基金
国家社会科学基金《股权分置改革对我国资本市场和公司治理的影响研究》(项目批准号为08BJY151)的资助
关键词
养老基金
投资偏好
实证研究
Pension fund
Investment preference
Empirical research
