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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
What does governance mean for the World Bank and to what extent does the organization succeed in diffusing the paradigm … worldwide? The World Bank primarily focused on economic aspects of governance in the 1980s, and progressively moved to its … knowledge on this specific issue. The potential influence of the World Bank's main governance indicators: Country Policy and …
Persistent link: https://www.econbiz.de/10009278331
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
This paper analyses the relationships between environmental compliance, corruption and environmental regulations in the case of forestry. Using a Principal-Agent model, we highlight interrelationships between firm's environmental non-compliance and corruption conditioned to the efficiency of the...
Persistent link: https://www.econbiz.de/10008805099
, 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
What does governance mean for the World Bank (WB) and how far does the organization influence the world community with … this concept? The World Bank primarily focused on economic aspects of governance in the 1980s and progressively moved to … 'good governance' concept are explored. As well as networking, which contributes to the promotion of its worldwide influence …
Persistent link: https://www.econbiz.de/10008805929