Um die gesetzliche Rentenversicherung zu entlasten, wurde mit dem Altersvermögensgesetz (AVmG) zum 01.01.2002 in Deutschland die staatlich geförderte kapitalgedeckte private und betriebliche Altersvorsorge erheblich in ihrem Umfang erweitert. Im Rahmen der privaten Altersvorsorge stellen...

Telemonitoring devices can be used to screen consumers' characteristics and mitigate information asymmetries that lead to adverse selection in insurance markets. However, some consumers value their privacy and dislike sharing private information with insurers. In the second-best efficient...

This contribution discusses a number of ideas for using a shareholder value approach to the problems of risk-adjusted performance measurement and the issue of capital allocation. We demonstrate that, if shareholder value is to be consistently maximised, then not only the total amount of equity...