Showing 1 - 6 of 6
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
integration at the cluster level. Moreover, the literature on clusters has not focused on the role that governance may play in … analysing the role of cluster governance in knowledge management. An empirical study of two small French firm clusters was … characterized by distinct knowledge management processes. In both cases, governance was necessary in order to support knowledge …
Persistent link: https://www.econbiz.de/10010741981
support for the contention that the franchisors' performance is contingent on the ‘fit' between governance structure … (franchise proportion) and resources (critical human assets). In contrast, strong evidence that the governance …
Persistent link: https://www.econbiz.de/10008791992
This paper aims to ascertain the effects of convergence in governance on investment decisions among a sample of 43 … governance are considered to be areas of higher investment, as a result of further integration and collaborative action among … process and, to a large extent, this is about institutional transformation. Good governance institutions are an assurance to …
Persistent link: https://www.econbiz.de/10008804713
, with special emphasis on the role of governance. Based on the existing literature, we have categorized what types of … governance institutions are more detrimental to entrepreneurial investments. We have then estimated a simultaneous model of … private investment and governance quality where economic policies concurrently explain both variables. Our empirical results …
Persistent link: https://www.econbiz.de/10008805118