Social Investment of Pension Funds Perspective: The Case of Russia

Research outputpeer-review

Abstract

The current survey aims to draw a perspective on the social investment of pension funds in Russia. The author defines the concept within the context of the Conventions Theory. The practice of the social investment of pension funds presupposes a complex architecture of social order that combines dominant domestic market world principles with elements from the civic and industrial world. The new order is achieved through a compromise of domestic value orientations and the competition for pension funds, the collective character of investments with its temporal and spatial attachment, calculation of risks and profits,as well as focus on results. The study employs a qualitative research with a regression analysis. The results indicate that in St.Petersburg (Russia), despite the individuals’ pessimism towards the pension system, there is a glimmer of interest in this issue. Respondents admit the likelihood of socially responsible investing their pension funds in case the rate of return on these investment projects
Original languageUndefined
Pages (from-to)170-176
JournalMediterranean Journal of Social Sciences
Volume6
Issue number6
DOIs
Publication statusPublished - 2015
Externally publishedYes

Cite this

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title = "Social Investment of Pension Funds Perspective: The Case of Russia",
abstract = "The current survey aims to draw a perspective on the social investment of pension funds in Russia. The author defines the concept within the context of the Conventions Theory. The practice of the social investment of pension funds presupposes a complex architecture of social order that combines dominant domestic market world principles with elements from the civic and industrial world. The new order is achieved through a compromise of domestic value orientations and the competition for pension funds, the collective character of investments with its temporal and spatial attachment, calculation of risks and profits,as well as focus on results. The study employs a qualitative research with a regression analysis. The results indicate that in St.Petersburg (Russia), despite the individuals’ pessimism towards the pension system, there is a glimmer of interest in this issue. Respondents admit the likelihood of socially responsible investing their pension funds in case the rate of return on these investment projects",
keywords = "Socially responsible investment, social investment of pension funds, pension reform, the Conventions Theory, welfare states.",
author = "Alena Smelova",
year = "2015",
doi = "Doi:10.5901/mjss.2015.v6n6p170",
language = "не определен",
volume = "6",
pages = "170--176",
journal = "Mediterranean Journal of Social Sciences",
issn = "2039-9340",
publisher = "MCSER-Mediterranean Center of Social and Educational research",
number = "6",

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AB - The current survey aims to draw a perspective on the social investment of pension funds in Russia. The author defines the concept within the context of the Conventions Theory. The practice of the social investment of pension funds presupposes a complex architecture of social order that combines dominant domestic market world principles with elements from the civic and industrial world. The new order is achieved through a compromise of domestic value orientations and the competition for pension funds, the collective character of investments with its temporal and spatial attachment, calculation of risks and profits,as well as focus on results. The study employs a qualitative research with a regression analysis. The results indicate that in St.Petersburg (Russia), despite the individuals’ pessimism towards the pension system, there is a glimmer of interest in this issue. Respondents admit the likelihood of socially responsible investing their pension funds in case the rate of return on these investment projects

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KW - social investment of pension funds

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KW - the Conventions Theory

KW - welfare states.

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JF - Mediterranean Journal of Social Sciences

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