| Abstract [eng] |
In the final master thesis, supplementary pension funds valuation issues in Lithuania are analyzed. Goal of the thesis is to evaluate Lithuanian supplementary pension funds using the composed multi-criteria decision model, taking into account the preferences of a relative individual investor, and to determine the pension fund best suited for investor‘s needs. To reach this goal, in the theoretical part of the thesis, literature sources of pension funds valuation models and methodologies are analyzed. Based on these methodologies and existing multi criteria evaluation models, combined AHP and GRA model is adapted for pension funds evaluation and it‘s operation principle is described. In the scientific research part of the thesis, supplementary pension funds evaluation criteria are analyzed and selected, weighted coefficients are calculated according to the significance given to them by the relative individual investor. Relations between pension funds‘ criteria data are identified. By using the composed evaluation model, its applicability is tested for Lithuanian supplementary pension funds. It is done by thoroughly evaluating and comparing selected criteria of supplementary pension funds. This model allows for evaluation of the pension funds by qualitative and quantitative criteria, takes into account investor‘s preferences. Structure: introduction, previous research, AHP and GRA model, Lithuanian pension funds system and supplementary pension funds market analysis, evaluation of Lithuanian supplementary pension funds, conclusions and suggestions, references. Thesis consist of: 86 p. text without appendixes, 8 pictures, 38 tables, 87 bibliographical entries. Appendixes included. |
