Table 2.
Methods most commonly used in pension fund evaluation.
| Method | References | Frequency of usage/for pension funds |
|---|---|---|
| Stochastic dominance (SD) | Kopa (2016), Moriggia et al. (2019), Kabašinskas et al. (2020) | 25225/84 |
| Sharpe ratio, Jensen's alpha, beta or Treynor indicators | Shah and Hijazi (2005), Jagric et al. (2007), Bohl et al. (2011), HemaDivya (2012), Aygoren et al. (2017), Mestan et al. (2017) | 66961/31 |
| Sortino index, Fama index, Sterling indicator | Hribernik and Vek (2011), Kolbadi and Ahmadinia (2011), Prajapati and Patel (2012), Parlak (2014), Kupčík and Gottwald (2016) | 21428/1303 |
| Capital Asset Pricing Model (CAMP) | Bohl et al. (2011), Adami et al. (2014) | 2213/ 200 |
| A multistage risk-averse stochastic optimization model | Kabašinskas et al. (2019), Moriggia et al. (2019) | 719/43 |
| Analytic Hierarchy Process (AHP) | Voronova (2011) | 171945/811 |
| TOPSIS | Imam and Gurol (2018) | 8587/13 |