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Managing financially distressed pension plans in the interest of beneficiaries?

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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001  MAP20170019527
003  MAP
005  20170619150841.0
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎345
100  ‎$0‎MAPA20170007272‎$a‎Inkmann, Joachim
24510‎$a‎Managing financially distressed pension plans in the interest of beneficiaries?‎$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
7001 ‎$0‎MAPA20080038090‎$a‎Blake, David
7001 ‎$0‎MAPA20170007838‎$a‎Shi, Zhen
7730 ‎$w‎MAP20077000727‎$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