文献类型：期刊文献

中文题名：老龄化背景下企业年金基金投资运营实证分析

英文题名：An Empirical Analysis of the Investment and Operation of Enterprise Annuity Fund under the Background of Aging Society

作者：方中书[1]

机构：[1]华东理工大学化学与分子工程学院,上海200237

年份：2018

卷号：16

期号：5

起止页码：33

中文期刊名：上海市经济管理干部学院学报

外文期刊名：Journal of Shanghai Economic Management College

语种：中文

中文关键词：企业年金;基金;投资运营;投资组合

外文关键词：enterprise annuity;fund;investment and operation;investment portfolio

摘要：随着我国人口老龄化进程的不断加快,企业年金作为我国基本养老保险的重要补充,将逐渐显现其重要作用。文章在分析我国企业年金发展现状的基础上,从投资组合理论及均值——方差模型方面对投资的理论基础进行阐述;重点基于企业年金基金投资运营的现状,通过分析相关的基金投资工具,选取相应变量数据,并结合现有的政策规定,运用改进后的均值-方差模型对不同预期收益率的投资组合进行测算分析;最后,根据文章的实证结论,结合我国国情及借鉴国外相关经验,提出完善我国企业年金基金投资运营的对策建议。文章创新性地进行了跨学科研究,把金融风险管理领域的理论模型与公共管理领域的社会保障基金管理问题有机结合,并将数理金融分析方法结合LINGO软件运用于企业年金基金的投资组合管理与优化,具有一定的创新性及推广价值。
With the accelerating process of population aging in China,the enterprise annuity,as an important supplement to the basic endowment insurance of our country,will gradually show its important role.This article from the status of the development of enterprise annuity in China,and from the aspects of investment portfolio theory and mean variance model based on investment theory are elaborated;and focus on the status of occupational pension fund investment,through the analysis of fund investment tools,selects the corresponding variable data,combined with the existing policies,by using the improved mean-variance model calculation and analysis of different expected rate of return of the portfolio;finally,according to the empirical conclusions of this article,combined with China＇s national conditions and learn from foreign experience,the article put forward some suggestions to improve the enterprise annuity fund investment in China.This article innovatively carried out interdisciplinary research,combined the social security fund management in the field of public administration with the financial field theory model,and the mathematical financial analysis method combined with LINGO software is applied to the portfolio management and optimization of the enterprise annuity fund,which has a certain innovation and promotion value.