FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2912697529> ?p ?o ?g. }

• W2912697529 endingPage "141" @default.
• W2912697529 startingPage "120" @default.
• W2912697529 abstract "Since the late 1990s, a performance fee arrangement has been approved as a managerial incentive in direction contribution (DC) pension plan management to motivate managers. However, the fact that managers may take undue risk for the larger performance fees and thus reduce members’ utility has been a subject of debate. As such, this study investigates the optimal risk-taking policies of DC pension fund managers under both the single management fee scheme and a mixed scheme with a lower management fee, as well as an additional performance fee. The analytical solutions are derived by using the duality method and concavification techniques in a singular optimization problem. The results show the complex risk-taking structures of fund managers and recognize the win-win situation of implementing performance-based incentives in DC pension plan management. Under the setting of geometric Brownian motion asset price dynamics and constant relative risk aversion utility, the optimal risk investment proportion shows a peak-valley pattern under the mixed scheme. Further, the manager gambles for gain when fund wealth is low and time to maturity is short. As opposed to the existing literature, this study found that the risk-taking policy is more conservative when fund wealth is relatively large. Furthermore, the utilities of the manager and members could both be improved by appropriately choosing the performance fee rate." @default.
• W2912697529 created "2019-02-21" @default.
• W2912697529 creator A5007457930 @default.
• W2912697529 creator A5009976875 @default.
• W2912697529 creator A5023363049 @default.
• W2912697529 creator A5090797924 @default.
• W2912697529 date "2019-01-02" @default.
• W2912697529 modified "2023-09-25" @default.
• W2912697529 title "Optimal Control of DC Pension Plan Management under Two Incentive Schemes" @default.
• W2912697529 cites W1809807636 @default.
• W2912697529 cites W1984697146 @default.
• W2912697529 cites W2000878854 @default.
• W2912697529 cites W2005158847 @default.
• W2912697529 cites W2007431674 @default.
• W2912697529 cites W2018959111 @default.
• W2912697529 cites W2019291268 @default.
• W2912697529 cites W2022593559 @default.
• W2912697529 cites W2022958749 @default.
• W2912697529 cites W2064561530 @default.
• W2912697529 cites W2071063170 @default.
• W2912697529 cites W2122820457 @default.
• W2912697529 cites W2130649931 @default.
• W2912697529 cites W2148839565 @default.
• W2912697529 cites W2412841086 @default.
• W2912697529 cites W2465534706 @default.
• W2912697529 cites W2586559039 @default.
• W2912697529 cites W2952196743 @default.
• W2912697529 cites W3121737315 @default.
• W2912697529 cites W3122033083 @default.
• W2912697529 cites W3123924621 @default.
• W2912697529 cites W3126036293 @default.
• W2912697529 doi "https://doi.org/10.1080/10920277.2018.1513371" @default.
• W2912697529 hasPublicationYear "2019" @default.
• W2912697529 type Work @default.
• W2912697529 sameAs 2912697529 @default.
• W2912697529 citedByCount "7" @default.
• W2912697529 countsByYear W29126975292019 @default.
• W2912697529 countsByYear W29126975292020 @default.
• W2912697529 countsByYear W29126975292021 @default.
• W2912697529 countsByYear W29126975292022 @default.
• W2912697529 countsByYear W29126975292023 @default.
• W2912697529 crossrefType "journal-article" @default.
• W2912697529 hasAuthorship W2912697529A5007457930 @default.
• W2912697529 hasAuthorship W2912697529A5009976875 @default.
• W2912697529 hasAuthorship W2912697529A5023363049 @default.
• W2912697529 hasAuthorship W2912697529A5090797924 @default.
• W2912697529 hasConcept C10138342 @default.
• W2912697529 hasConcept C101433766 @default.
• W2912697529 hasConcept C106159729 @default.
• W2912697529 hasConcept C129915516 @default.
• W2912697529 hasConcept C130090626 @default.
• W2912697529 hasConcept C138496976 @default.
• W2912697529 hasConcept C139819358 @default.
• W2912697529 hasConcept C144133560 @default.
• W2912697529 hasConcept C155301685 @default.
• W2912697529 hasConcept C15744967 @default.
• W2912697529 hasConcept C162118730 @default.
• W2912697529 hasConcept C162324750 @default.
• W2912697529 hasConcept C175444787 @default.
• W2912697529 hasConcept C17738144 @default.
• W2912697529 hasConcept C187736073 @default.
• W2912697529 hasConcept C189188589 @default.
• W2912697529 hasConcept C205706631 @default.
• W2912697529 hasConcept C206757995 @default.
• W2912697529 hasConcept C2775924081 @default.
• W2912697529 hasConcept C2776517139 @default.
• W2912697529 hasConcept C2780821815 @default.
• W2912697529 hasConcept C2780899237 @default.
• W2912697529 hasConcept C29122968 @default.
• W2912697529 hasConcept C32896092 @default.
• W2912697529 hasConcept C36588987 @default.
• W2912697529 hasConcept C39389867 @default.
• W2912697529 hasConcept C55286048 @default.
• W2912697529 hasConcept C68387835 @default.
• W2912697529 hasConceptScore W2912697529C10138342 @default.
• W2912697529 hasConceptScore W2912697529C101433766 @default.
• W2912697529 hasConceptScore W2912697529C106159729 @default.
• W2912697529 hasConceptScore W2912697529C129915516 @default.
• W2912697529 hasConceptScore W2912697529C130090626 @default.
• W2912697529 hasConceptScore W2912697529C138496976 @default.
• W2912697529 hasConceptScore W2912697529C139819358 @default.
• W2912697529 hasConceptScore W2912697529C144133560 @default.
• W2912697529 hasConceptScore W2912697529C155301685 @default.
• W2912697529 hasConceptScore W2912697529C15744967 @default.
• W2912697529 hasConceptScore W2912697529C162118730 @default.
• W2912697529 hasConceptScore W2912697529C162324750 @default.
• W2912697529 hasConceptScore W2912697529C175444787 @default.
• W2912697529 hasConceptScore W2912697529C17738144 @default.
• W2912697529 hasConceptScore W2912697529C187736073 @default.
• W2912697529 hasConceptScore W2912697529C189188589 @default.
• W2912697529 hasConceptScore W2912697529C205706631 @default.
• W2912697529 hasConceptScore W2912697529C206757995 @default.
• W2912697529 hasConceptScore W2912697529C2775924081 @default.
• W2912697529 hasConceptScore W2912697529C2776517139 @default.
• W2912697529 hasConceptScore W2912697529C2780821815 @default.
• W2912697529 hasConceptScore W2912697529C2780899237 @default.
• W2912697529 hasConceptScore W2912697529C29122968 @default.
• W2912697529 hasConceptScore W2912697529C32896092 @default.

• next