Advances and Applications in Statistics
Volume 44, Issue 2, Pages 117 - 132
(February 2015) http://dx.doi.org/10.17654/ADASFeb2015_117_132 |
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COMPREHENSIVE EVALUATION OF OPERATIONAL RISKS OF CHINESE PUBLIC PENSION FUND
Jiaorui Li, Yuan Yao and Li Zheng
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Abstract: We analyze the major risks of pension funds in this paper not only to prevent and defuse the risk of running the fund, but also strengthen the operation management and ensure the safe operation of the fund. It is also become an important research topic of the pension funds management and reform in China. Based on the analysis of operational risks of public pension funds, this paper builds the evaluation index system of operational risks for the funds. The index system includes four aspects of operational risks of pension fund, respectively, financing risk, investment risk, management risk and payment risk, we use the analytical hierarchy process (AHP) to conduct empirical analysis, and comprehensively and objectively assess the operational risk of public pensions in China. |
Keywords and phrases: pension fund, risk management, analytical hierarchy process. |
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