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The ABO, the PBO and Pension Investment Policy
6 references·16 citing·46 second hop
The ABO, the PBO and Pension Investment Policy (1990)The ABO, the PBO and Pension Investment P…Reversions of Excess Pension Assets after Takeovers (1990)Reversions of Excess Pension …Taxation and Corporate Pension Policy (1981)Taxation and Corporate Pensio…THE PRINCIPLES OF CORPORATE PENSION FINANCE (1977)THE PRINCIPLES OF CORPORATE P…Corporate pension funding policy (1976)Corporate pension funding pol…COMMON STOCKS AS A HEDGE AGAINST INFLATION (1976)COMMON STOCKS AS A HEDGE AGAI…The Pricing of Options and Corporate Liabilities (1973)The Pricing of Options and Co…The Revenue Demands of Public Employee Pension Promises (2014)The Revenue Demands of Public…Liability-Driven Investment with DownsideRisk (2013)Liability-Driven Investment w…The Tobin Tax: A Review of the Evidence (2011)The Tobin Tax: A Review of th…The economics of state and local pensions (2011)The economics of state and lo…Portfolio allocation for public pension funds (2011)Portfolio allocation for publ…Policy options for state pension systems and their impact on plan liabilities (2011)Policy options for state pens…Pension Funds’ Asset Allocation and Participant Age: A Test of the Life-Cycle Model (2009)Pension Funds’ Asset Allocati…Guaranteed Trouble: The Economic Effects of the Pension Benefit Guaranty Corporation (2008)Guaranteed Trouble: The Econo…Corporate Pension Funding and Credit Spreads (2007)Corporate Pension Funding and…Valuing and Hedging Defined Benefit Pension Obligations - The Role of Stocks Revisited (2006)Valuing and Hedging Defined B…Risk Shifting Versus Risk Management: Investment Policy in Corporate Pension Plans (2006)Risk Shifting Versus Risk Man…Earnings Manipulation, Pension Assumptions, and Managerial Investment Decisions* (2006)Earnings Manipulation, Pensio…Do a firm's equity returns reflect the risk of its pension plan?☆ (2006)Do a firm's equity returns re…Accounting/Actuarial Bias Enables Equity Investment By Defined Benefit Pension Plans (2005)Accounting/Actuarial Bias Ena…Implicit pension debt: issues, measurement and scope in international perspective (2004)Implicit pension debt: issues…Accounting Recognition and the Determinants of Pension Asset Allocation (1999)Accounting Recognition and th…Social Security, Induced Retirement, and Aggregate Capital Accumulation (1974)Pension FundsRetirement-Income Security and Capital Markets: An International Perspective (1998)Generational Accounting around the World (1999)The Balance Sheet of Social Security Pensions in Japan (2004)Funding in Public Sector Pension Plans - International Evidence (2011)Growth of Asian Pension Assets: Implications for Financial and Capital Markets (2012)Theory of Rational Option Pricing (1973)The Effect of Voluntary Spin‐off Announcements on Shareholder Wealth (1983)Theory of rational option pricing (2005)Risk Shifting versus Risk Management: Investment Policy in Corporate Pension Plans (2008)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)Status quo bias in decision making (1988)Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies (2005)Corporate Distress and Lobbying: Evidence from the Stimulus Act (2013)The influence of political bias in state pension funds (2015)PORTFOLIO SELECTION* (1952)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)Optimum consumption and portfolio rules in a continuous-time model (1971)INFLATION AND RATES OF RETURN ON COMMON STOCKS (1976)Stock returns and inflation (1987)Virtual currency, tangible return: Portfolio diversification with bitcoin (2015)Why Is There Mandatory Retirement? (1979)The market for corporate control (1983)Using daily stock returns (1985)Debt and the terms of employment1This paper is adapted from Chapter 3 of my dissertation, completed at the University of Chicago. Thanks to Robert Vishny, Mark Mitchell, Abbie Smith, Steven Kaplan, Kenneth French, Eugene Fama, Frank Hatheway, William Schwert (the editor) and George Baker (the referee) for helpful comments.1 (1998)Towards a Property Rights Foundation for a Stakeholder Theory of the Firm (2005)Advancing the Human Capital Perspective on Value Creation by Joining Capabilities and Governance Approaches (2015)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)A Closed-Form Solution for Options with Stochastic Volatility with Applications to Bond and Currency Options (1993)Are Government Bonds Net Wealth? (1974)On estimating the expected return on the market (1980)The cost of capital, corporation finance and the theory of investment (2008)The Return Expectations of Public Pension Funds (2021)Trends in State and Local Pension Funds (2023)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Economic Consequences of Mandated Accounting Disclosures: Evidence from Pension Accounting Standards (2012)An analysis of risk-taking behavior for public defined benefit pension plans (2013)Inflation Risk in Corporate Bonds (2014)Pension Funding, Share Prices, and National Savings (1981)The Financial Theory of Defined Benefit Pension Schemes (1997)Optimal Asset Location and Allocation with Taxable and Tax‐Deferred Investing (2004)Strategic asset allocation with liabilities: Beyond stocks and bonds (2008)
this work references cited by second hop

References

  • 1973The Pricing of Options and Corporate Liabilities29,064 cited
  • 1976COMMON STOCKS AS A HEDGE AGAINST INFLATION697 cited
  • 1976Corporate pension funding policy413 cited
  • 1981Taxation and Corporate Pension Policy342 cited
  • 1990Reversions of Excess Pension Assets after Takeovers175 cited
  • 1977THE PRINCIPLES OF CORPORATE PENSION FINANCE158 cited

Cited by

  • 2006Do a firm's equity returns reflect the risk of its pension plan?☆187 cited
  • 2006Risk Shifting Versus Risk Management: Investment Policy in Corporate Pension Plans118 cited
  • 2004Implicit pension debt: issues, measurement and scope in international perspective107 cited
  • 2011Portfolio allocation for public pension funds99 cited
  • 2006Valuing and Hedging Defined Benefit Pension Obligations - The Role of Stocks Revisited96 cited
  • 2011The Tobin Tax: A Review of the Evidence87 cited
  • 2009Pension Funds’ Asset Allocation and Participant Age: A Test of the Life-Cycle Model86 cited
  • 2005Accounting/Actuarial Bias Enables Equity Investment By Defined Benefit Pension Plans70 cited
  • 2014The Revenue Demands of Public Employee Pension Promises67 cited

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  • 2013Liability-Driven Investment with DownsideRisk59 cited
  • 2008Guaranteed Trouble: The Economic Effects of the Pension Benefit Guaranty Corporation52 cited
  • 2006Earnings Manipulation, Pension Assumptions, and Managerial Investment Decisions*52 cited
  • 1999Accounting Recognition and the Determinants of Pension Asset Allocation46 cited
  • 2011The economics of state and local pensions45 cited
  • 2007Corporate Pension Funding and Credit Spreads44 cited
  • 2011Policy options for state pension systems and their impact on plan liabilities42 cited