Contributors’ Involvement in Pension Fund Investments Decision Making and Retirees Standard of Living in University of Lagos, Nigeria

Management of the pension scheme in Nigeria had been inundated with several and diverse challenges ranging from corruption and mismanagement of funds for some decades. As a result retirees were not able to access their pension benefits leading to some dying without access to their fund. The government then introduced the contributory pension system in a pension Act of 2004 which was amended in 2014, as a measure to minimize the sufferings of retirees as well as allay the fears of workers. However, the problems of pension are yet to abate and retirees are still groaning under unstable welfare. This study examined contributors’ involvement in pension funds investment decision making and retirees’ standard of living. The study adopted convergent parallel research design with population being non-academic staff of University of Lagos. The population of the study was 5098 and sample size was set at 100 respondents using Taro Yamane’s (1967) formula. Response rate of the validated questionnaire was 91%. Descriptive and inferential statistics (linear regression) were employed in analysis of data. The study found that contributors’ decision making on pension fund investment exerted a positive significant effect on retirees standard of living (β=.46, R2=0.49, t=10.57, p

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Analyzing Manufacturer’s R&D Equilibrium in Defense Procurement

Key Engineering Materials ◽

10.4028/www.scientific.net/kem.474-476.1435 ◽

2011 ◽

Vol 474-476 ◽

pp. 1435-1439

Author(s):

Sheng Li Chen ◽

Xiao Dong Liu

Keyword(s):

Game Theory ◽

Decision Making ◽

Investment Decision ◽

Investment Decisions ◽

Defense Procurement ◽

Contest Theory ◽

Investment Decision Making ◽

Admission Criterion ◽

The Government ◽

D Investment

We formulate the model of R&D investment scale adjustment of defense procurement by applying game theory and contest theory and study the equilibrium of manufacturers’ R&D investment decision-making in defense procurement. We explore mainly the influence of valuation of monopolistic contract and differences among manufacturers’ abilities on investment. The conclusion shows that manufacturers’ investment equilibrium of R&D projects is what the government expects under certain conditions, however, manufacturers’ abilities effect on the investment equilibrium and makes it deviate from the government expectation. Therefore, the government must keep practically manufacturers’ anticipation about the monopolistic contact being consistent with government’s and set basic admission criterion to enable manufactures’ ability well-matched to induce the manufacturers’ investment decisions to the investment equilibrium that it desired.

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Challenging investment decision-making in pension funds

Qualitative Research in Financial Markets ◽

10.1108/qrfm-03-2018-0039 ◽

2019 ◽

Vol ahead-of-print (ahead-of-print) ◽

Author(s):

Carl-Christian Trönnberg ◽

Sven Hemlin

Keyword(s):

Decision Making ◽

Critical Incident ◽

Pension Fund ◽

Investment Decision ◽

Investment Decisions ◽

Pension Funds ◽

Content Type ◽

Fund Managers ◽

Intuitive Thinking ◽

Investment Decision Making

PurposeThe purpose of this study was to gain a better understanding of pension fund managers investment thinking when confronted with challenging investment decisions. The study focuses on the theoretical question of how dual thinking processes in experts’ investment decision-making emerge. This question has attracted interest in economic psychology but has not yet been answered. Here, it is explored in the context of pension funds.Design/methodology/approachThe sample included 22 pension fund managers. The authors explored their decision-making by applying the critical incident interview technique, which entailed collecting investment decisions that fund managers retrieved from recent memory (Flanagan, 1954). Questions concerned the investment situation, the decision-making process and the challenges and uncertainties the fund managers faced.FindingsMany of the 61 critical incidents examined concerned challenging (mostly stock) investments based on extensive analysis (e.g. reliance on external analysts for advice; analysis of massive amounts of hard company and stock market information; scrutiny of company reports and personal meetings with CEOs). However, fund managers to a high degree based their decisions on soft information judgments such as experience and qualitative judgements of teams. The authors found heuristics, intuitive thinking, biases (sunk cost effects) and social influences in investment decision-making.Research limitations/implicationsThe sample is small and not randomly selected.Practical implicationsThe authors suggest anti-bias training and better acquaintance with human forecasting limitations for pension fund managers.Originality/valuePension fund managers’ investment thinking has not previously been investigated. The authors show the types of investment situations in which analytical and intuitive thinking and biases occur.

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Research on Investment Decision-Making in Waterway Engineering Based on the Hub Economic Index

Sustainability ◽

10.3390/su12041511 ◽

2020 ◽

Vol 12 (4) ◽

pp. 1511

Author(s):

Jiarui Ren ◽

Guangxiong Mao ◽

Fei Zhang ◽

Yuhang Wei

Keyword(s):

Decision Making ◽

Water Transport ◽

High Speed ◽

Intangible Assets ◽

Investment Decision ◽

Economic Index ◽

Investment Decision Making ◽

Wide Range ◽

Transport Industry ◽

The Government

Due to the wide range of waterway engineering strategies, the government often has the view that investment in hardware (such as construction, equipment renewal, etc.) is more important than that in software (such as information systems, service concepts, etc.) in the investment decision-making of waterway engineering. Besides, some government departments lack a consideration of coordinated development among different industries, resulting in the waterway industry lagging behind other industries (such as expressways, high-speed railway, etc.). To facilitate a more balanced infrastructure investment, we create a novel index, the Hub Economic Index (HEI), by incorporating the theory of the hub economy into the investment decision-making of waterway engineering. HEI consists of two major criteria, tangible and intangible assets, further divided into 10 indices. In particular, investment allocation between tangible and intangible assets is evaluated for the four major reaches of the North Jiangsu Canal. Multiple years of HEI values for the water transport industry are calculated for trend analysis and comparison with other industries. The results show that (1) through the comparison between the calculated values of the HEI investment model and the actual investment, the deviation of the tangible investment is 2.8% lower, and that of the intangible hub investment is 7.2% higher, which is basically in line with the actual situation. At the same time, it promotes the development of software; and (2) through the variation trends in HEI for various industries from 2008 to 2018, the HEI values of the different industries in the transportation system show a trend of steady growth. This is basically consistent with China’s economic development trend, but also reflects the development gap between the different industries. The research results are of great significance to help the government to make investment decisions in different fields and industries. The investment based on HEI values will further promote the integrated development of the water transport industry and other industries.

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