Zhang, Limin; Tian, Ruilin; Chen, Jun - In: Risks : open access journal 10 (2022) 2, pp. 1-18
In the past 30 years, as sponsors of defined benefit (DB) pension plans were facing more severe underfunding challenges, pension de-risking strategies have become prevalent for firms with DB plans to reduce pension-related risks. However, it remains unclear how pension de-risking activities...