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We study the valuation of variable annuities for an insurer. We concentrate on two types of these contracts that are the guaranteed minimum death benefits and the guaranteed minimum living benefits ones and that allow the insured to withdraw money from the associated account. As for many...
Persistent link: https://www.econbiz.de/10010821370
In this paper, we work on indifference valuation of variable annuities and give a computation method for indifference fees. We focus on the guaranteed minimum death benefits and the guaranteed minimum living benefits and allow the policyholder to make withdrawals. We assume that the fees are...
Persistent link: https://www.econbiz.de/10010899322
investment can be measured, analyzed, and compared across countries, and that governance is key to the business environment and … of the Firms from the World Business Environment Survey”, and based on a chapter in “Pathways Out of Poverty: Private … the World Business Environment Survey (WBES). It shows that important dimensions for the climate of business operation and …
Persistent link: https://www.econbiz.de/10005077053
We contribute to the field of urban governance and globalization through an empirically-based exploration of … indicators of globalization (at the country and city level), city governance, city performance (access and quality of … framework and a set of hypotheses, and then test them econometrically. The findings suggest that good governance and …
Persistent link: https://www.econbiz.de/10005062505
Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the …
Persistent link: https://www.econbiz.de/10005407672
Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which … of governance standards; ii) in misgoverned settings, FDI firms may magnify the problems of state capture and procurement …
Persistent link: https://www.econbiz.de/10005407674
national governance have been unexplored. This paper summarises the results of the Business Environment and Enterprise … corruption, with little attention paid to the role played by firms. Consequently, the links between corporate governance and … Performance Survey (BEEPS) across 20 transition economies, providing an assessment of governance and corruption from the …
Persistent link: https://www.econbiz.de/10005407751
Traditionally, national governance and corruption challenges have been seen as: i) particularly daunting in the poorer … institutions, iii) a challenge within public sectors, and, iv) divorced from global governance or security issues - seen as … governance constraints, and corruption in particular, is a key determinant of a country's global competitiveness. These findings …
Persistent link: https://www.econbiz.de/10005408399
This paper presents estimates of six dimensions of governance covering 199 countries and territories for four time … of governance, drawn from 25 separate data sources constructed by 18 different organizations. We assign these individual … measures of governance to categories capturing key dimensions of governance, and use an unobserved components model to …
Persistent link: https://www.econbiz.de/10005561191
comparability, we also utilize cross-country governance indicators. …
Persistent link: https://www.econbiz.de/10005118669