The aim of this paper is to outline the concept of efficient audit strategies for the risk management of defined benefit pension plans. These strategies are based on the possibility of varying the risk level of the investment (i.e. the random returns volatility) at an audit time which is efficient in terms of minimizing the default probability and of maximizing the expected surplus.
Dynamic Strategies for Defined Benefit Pension Plans Risk Management
VANNUCCI, EMANUELE
2014-01-01
Abstract
The aim of this paper is to outline the concept of efficient audit strategies for the risk management of defined benefit pension plans. These strategies are based on the possibility of varying the risk level of the investment (i.e. the random returns volatility) at an audit time which is efficient in terms of minimizing the default probability and of maximizing the expected surplus.File in questo prodotto:
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