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Indifference fee rate for variable annuities

Chevalier, Etienne; Lim, Thomas; Roméro, Ricardo Romo - HAL - 2014

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

Max-Min optimization problem for Variable Annuities pricing

Blanchet-Scalliet, Christophette; Chevalier, Etienne; … - HAL - 2014

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

Plural Form and Franchisors Performance : Early Empirical Findings From Europe

Perdreau, Frédéric; Nadant, Anne-Laure Le; Cliquet, … - HAL - 2010

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

The Effects of Convergence in Governance on Capital Accumulation in the Black Sea Economic Cooperation Countries

Veganzones, Marie-Ange; Aysan, Ahmet Faruk; Baykal, … - HAL - 2011

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

Governance and Private Investment in the Middle East and North Africa

Aysan, Ahmet Faruk; Nabli, M.-K.; Veganzones, Marie-Ange - HAL - 2011

, 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