University of Twente Student Theses

Login

Pension fund investment: Impact of the liability structure on equity allocation

Bücker, T. (2017) Pension fund investment: Impact of the liability structure on equity allocation.

[img] PDF
653kB
Abstract:In this paper, the relationship between the liability structure and equity exposure of 41 Dutch corporate defined-benefit pension funds is studied. Theory observed a positive relationship of pension liabilities with equity returns over the long-term and suggests defined-benefit schemes are able to save future contribution costs when aligning their assets with their liabilities. This paper aims to observe this relationship in Dutch pension funds by incorporating the variables of wage inflation, workforce growth and return on liabilities as they were suggested in theory. However only a limited significant evidence of the growth in plan workforce and equity allocation was observed.
Item Type:Essay (Bachelor)
Faculty:BMS: Behavioural, Management and Social Sciences
Subject:85 business administration, organizational science
Programme:International Business Administration BSc (50952)
Link to this item:https://purl.utwente.nl/essays/72744
Export this item as:BibTeX
EndNote
HTML Citation
Reference Manager

 

Repository Staff Only: item control page