Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage
Autor(a) principal: | |
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Data de Publicação: | 2008 |
Outros Autores: | , , |
Tipo de documento: | Artigo |
Idioma: | por eng spa |
Título da fonte: | Revista Brasileira de Gestão de Negócios (Online) |
Texto Completo: | https://rbgn.fecap.br/RBGN/article/view/282 |
Resumo: | This study aims to analyze the segments of investment assets in the Brazilian Supplementary Private Pension Plan System (EFPC), typifying them based on public patronage and private patronage. It was used the exploratory inductive method, since, starting with the available data in the site www.previdencia.gov.br, a table was built with the indexes of each type of investment assets, as a percentile of the total investments assets, being considered the exercises of 2002, 2003, 2004 and 2005. The data were tabulated for subsequent hypothesis test. The no-parametric test of Kruskall-Wallis (H) was used, which verifies if k independent samples come from populations with same averages. It was concluded that when the patronage of the fund is made by public entities there is a bias to apply in the titles that the federal, state and municipal governments are responsible for. Whereas, when the fund is sponsored by private entities there is a bias for investments in financial institutions. It was also verified that the public entities direct their resources to invest in shares and in investment funds.Key-words: Brazilian supplementary private pension plan system. Investment. Types of patronage. |
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Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronageComposición del Activo de las Inversiones en Entidades Privadas de Previsión Complementaria: un análisis exploratorio enfocado en el tipo de patrocinioComposição do Ativo de Investimentos em Entidades Fechadas de Previdência Complementar (EFPC): uma análise exploratória focada no tipo de patrocínioBrazilian supplementary private pension plan system. Investment. Types of patronage.Entidades de previsión complementaria. Inversiones. Tipo de patrocinio.Entidades de previdência complementar. Investimentos. Tipo de patrocínio.This study aims to analyze the segments of investment assets in the Brazilian Supplementary Private Pension Plan System (EFPC), typifying them based on public patronage and private patronage. It was used the exploratory inductive method, since, starting with the available data in the site www.previdencia.gov.br, a table was built with the indexes of each type of investment assets, as a percentile of the total investments assets, being considered the exercises of 2002, 2003, 2004 and 2005. The data were tabulated for subsequent hypothesis test. The no-parametric test of Kruskall-Wallis (H) was used, which verifies if k independent samples come from populations with same averages. It was concluded that when the patronage of the fund is made by public entities there is a bias to apply in the titles that the federal, state and municipal governments are responsible for. Whereas, when the fund is sponsored by private entities there is a bias for investments in financial institutions. It was also verified that the public entities direct their resources to invest in shares and in investment funds.Key-words: Brazilian supplementary private pension plan system. Investment. Types of patronage.Este estudio tiene por finalidad analizar los segmentos de activo de inversiones en Entidades Privadas de Previsión Complementaria (EPPC), tipificándolas de acuerdo con el patrocinio, público o privado. Se utilizó procedimiento metodológico inductivo de carácter exploratorio, pues a partir de los datos disponibles en el sitio web www.previdencia.gov.br, se construyó una tabla con los índices de cada tipo de activo de inversión, como un porcentaje del activo total de inversión y se consideraron los ejercicios 2002, 2003, 2004 y 2005. Los datos se tabularon para ulterior prueba de hipótesis. Se utilizó la prueba no paramétrica de Kruskall-Wallis (H), que verifica si k muestras independientes provienen de poblaciones con medias iguales. Se concluyó que cuando las instituciones públicas patrocinan el fondo, hay una tendencia a aplicar en títulos de responsabilidad del gobierno federal, del estado o del municipio. Cuando el fondo tiene patrocinio de entidades privadas se observa una tendencia a invertir en instituciones financieras. Se constató también que las instituciones públicas, orientan sus recursos hacia la inversión en acciones y fondos de inversión.Palabras clave: Entidades de previsión complementaria. Inversiones. Tipo de patrocinio.Este estudo tem como objetivo analisar os segmentos de ativo de investimentos em Entidades Fechadas de Previdência Complementar (EFPC), tipificando-as com base em patrocínio público e patrocínio privado. Utilizou-se o proceder metodológico indutivo de caráter exploratório, uma vez que, a partir dos dados disponíveis no sítio www.previdencia.gov.br, construiu-se uma tabela com os índices de cada tipo de ativo de investimento, como um percentual do ativo de investimentos total, considerando-se os exercícios de 2002, 2003, 2004 e 2005. Os dados foram tabulados para posterior teste de hipótese. Utilizou-se o teste não-paramétrico de Kruskall-Wallis (H), que verifica se k amostras independentes provêem de populações com médias iguais. Concluiu-se que quando o patrocínio do fundo é realizado por entidades públicas existe um direcionamento à aplicação nos títulos de responsabilidade dos governos federal, estadual e municipal. Já quando o fundo é patrocinado por entidades privadas verifica-se inclinação para investimentos em instituições financeiras. Constatou-se, ainda, que as entidades públicas, direcionam seus recursos para o investimento em ações e fundos de investimento. Palavras-chave: Entidades de previdência complementar. Investimentos. Tipo de patrocínio.FECAP2008-06-27info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionAvaliado por paresapplication/pdfapplication/pdfapplication/pdfhttps://rbgn.fecap.br/RBGN/article/view/28210.7819/rbgn.v10i27.282Review of Business Management; Vol. 10 No. 27 (2008); 175-188RBGN Revista Brasileira de Gestão de Negócios; Vol. 10 Núm. 27 (2008); 175-188RBGN - Revista Brasileira de Gestão de Negócios; v. 10 n. 27 (2008); 175-1881983-08071806-4892reponame:Revista Brasileira de Gestão de Negócios (Online)instname:Fundação Escola de Comércio Álvares Penteado (FECAP)instacron:FECAPporengspahttps://rbgn.fecap.br/RBGN/article/view/282/380https://rbgn.fecap.br/RBGN/article/view/282/381https://rbgn.fecap.br/RBGN/article/view/282/382Copyright (c) 2014 Review of Business Managementinfo:eu-repo/semantics/openAccessRibeiro Filho, José FranciscoLibonati, Jeronymo JoséLopes, Jorge Expedito de GusmãoSantiago, Hugo Leonardo Ferraz2008-06-30T20:38:16Zoai:ojs.emnuvens.com.br:article/282Revistahttp://rbgn.fecap.br/RBGN/indexhttps://rbgn.fecap.br/RBGN/oai||jmauricio@fecap.br1983-08071806-4892opendoar:2008-06-30T20:38:16Revista Brasileira de Gestão de Negócios (Online) - Fundação Escola de Comércio Álvares Penteado (FECAP)false |
dc.title.none.fl_str_mv |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage Composición del Activo de las Inversiones en Entidades Privadas de Previsión Complementaria: un análisis exploratorio enfocado en el tipo de patrocinio Composição do Ativo de Investimentos em Entidades Fechadas de Previdência Complementar (EFPC): uma análise exploratória focada no tipo de patrocínio |
title |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage |
spellingShingle |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage Ribeiro Filho, José Francisco Brazilian supplementary private pension plan system. Investment. Types of patronage. Entidades de previsión complementaria. Inversiones. Tipo de patrocinio. Entidades de previdência complementar. Investimentos. Tipo de patrocínio. |
title_short |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage |
title_full |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage |
title_fullStr |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage |
title_full_unstemmed |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage |
title_sort |
Composition of the Assets of Investments in Brazilian Supplementary Private Pension Plan System (EFPC): an exploratory analysis based in the type of patronage |
author |
Ribeiro Filho, José Francisco |
author_facet |
Ribeiro Filho, José Francisco Libonati, Jeronymo José Lopes, Jorge Expedito de Gusmão Santiago, Hugo Leonardo Ferraz |
author_role |
author |
author2 |
Libonati, Jeronymo José Lopes, Jorge Expedito de Gusmão Santiago, Hugo Leonardo Ferraz |
author2_role |
author author author |
dc.contributor.author.fl_str_mv |
Ribeiro Filho, José Francisco Libonati, Jeronymo José Lopes, Jorge Expedito de Gusmão Santiago, Hugo Leonardo Ferraz |
dc.subject.por.fl_str_mv |
Brazilian supplementary private pension plan system. Investment. Types of patronage. Entidades de previsión complementaria. Inversiones. Tipo de patrocinio. Entidades de previdência complementar. Investimentos. Tipo de patrocínio. |
topic |
Brazilian supplementary private pension plan system. Investment. Types of patronage. Entidades de previsión complementaria. Inversiones. Tipo de patrocinio. Entidades de previdência complementar. Investimentos. Tipo de patrocínio. |
description |
This study aims to analyze the segments of investment assets in the Brazilian Supplementary Private Pension Plan System (EFPC), typifying them based on public patronage and private patronage. It was used the exploratory inductive method, since, starting with the available data in the site www.previdencia.gov.br, a table was built with the indexes of each type of investment assets, as a percentile of the total investments assets, being considered the exercises of 2002, 2003, 2004 and 2005. The data were tabulated for subsequent hypothesis test. The no-parametric test of Kruskall-Wallis (H) was used, which verifies if k independent samples come from populations with same averages. It was concluded that when the patronage of the fund is made by public entities there is a bias to apply in the titles that the federal, state and municipal governments are responsible for. Whereas, when the fund is sponsored by private entities there is a bias for investments in financial institutions. It was also verified that the public entities direct their resources to invest in shares and in investment funds.Key-words: Brazilian supplementary private pension plan system. Investment. Types of patronage. |
publishDate |
2008 |
dc.date.none.fl_str_mv |
2008-06-27 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Avaliado por pares |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://rbgn.fecap.br/RBGN/article/view/282 10.7819/rbgn.v10i27.282 |
url |
https://rbgn.fecap.br/RBGN/article/view/282 |
identifier_str_mv |
10.7819/rbgn.v10i27.282 |
dc.language.iso.fl_str_mv |
por eng spa |
language |
por eng spa |
dc.relation.none.fl_str_mv |
https://rbgn.fecap.br/RBGN/article/view/282/380 https://rbgn.fecap.br/RBGN/article/view/282/381 https://rbgn.fecap.br/RBGN/article/view/282/382 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Review of Business Management info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Review of Business Management |
eu_rights_str_mv |
openAccess |
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application/pdf application/pdf application/pdf |
dc.publisher.none.fl_str_mv |
FECAP |
publisher.none.fl_str_mv |
FECAP |
dc.source.none.fl_str_mv |
Review of Business Management; Vol. 10 No. 27 (2008); 175-188 RBGN Revista Brasileira de Gestão de Negócios; Vol. 10 Núm. 27 (2008); 175-188 RBGN - Revista Brasileira de Gestão de Negócios; v. 10 n. 27 (2008); 175-188 1983-0807 1806-4892 reponame:Revista Brasileira de Gestão de Negócios (Online) instname:Fundação Escola de Comércio Álvares Penteado (FECAP) instacron:FECAP |
instname_str |
Fundação Escola de Comércio Álvares Penteado (FECAP) |
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FECAP |
institution |
FECAP |
reponame_str |
Revista Brasileira de Gestão de Negócios (Online) |
collection |
Revista Brasileira de Gestão de Negócios (Online) |
repository.name.fl_str_mv |
Revista Brasileira de Gestão de Negócios (Online) - Fundação Escola de Comércio Álvares Penteado (FECAP) |
repository.mail.fl_str_mv |
||jmauricio@fecap.br |
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