Managing financially distressed pension plans in the interest of beneficiaries?
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Tag | 1 | 2 | Value |
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LDR | 00000cab a2200000 4500 | ||
001 | MAP20170019527 | ||
003 | MAP | ||
005 | 20170619150841.0 | ||
008 | 170613e20170605esp|||p |0|||b|spa d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a345 | ||
100 | $0MAPA20170007272$aInkmann, Joachim | ||
245 | 1 | 0 | $aManaging financially distressed pension plans in the interest of beneficiaries?$cJoachim Inkmann, David Blake, Zhen Shi |
520 | $aThe beneficiaries of a corporate defined benefit pension plan in financial distress care about the security of their promised pensions. We propose to value the pension obligations of a corporate defined benefit plan using a discount rate that reflects the funding ability of the pension plan and its sponsoring company, and therefore depends, in part, on the chosen asset allocation. An optimal valuation is determined by a strategic asset allocation that is optimal given the risk premium a representative pension plan member demands for being exposed to funding risk. We provide an empirical application using the General Motors pension plan. | ||
650 | 4 | $0MAPA20080592455$aPlanes de pensiones | |
650 | 4 | $0MAPA20080552114$aPensiones | |
650 | 4 | $0MAPA20080556914$aValoración | |
650 | 4 | $0MAPA20080569099$aGeneral Motors | |
700 | 1 | $0MAPA20080038090$aBlake, David | |
700 | 1 | $0MAPA20170007838$aShi, Zhen | |
773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g05/06/2017 Volumen 84 Número 2 - junio 2017 , p. 539-565 |