摘要
本文以风险规避为切入点,从投资风险与收益相结合的角度对我国养老保险基金的投资组合进行了理论上的分析,得出了养老保险基金投资风险-收益的几何模型,在此基础上针对养老保险基金投资风险厌恶的特殊性,对该几何模型的量化分析进行了分析与讨论,确定了养老保险基金投资的最优证券组合的轨迹与投资方案选择。
Taking risk aversion into account, the paper analyzes the pension fund investment through the combination between the investment risks and the investment profits, and it educes the geometry model of the risks and rewards of pension fund investment. On the basis of that and according to the character of risk - averseness associated with the pension fund investment, we discuss and analyze its quantity model, and confirm the tracks and solutions of best portfolio equity investment of the pension fund.
出处
《中国软科学》
CSSCI
北大核心
2005年第12期151-157,共7页
China Soft Science
基金
国家社会科学基金资助项目(04CTJ005)
关键词
养老保险基金
投资组合
风险规避
pension fund
investment combination
risk aversion
