文章基本信息

标题：Complexity in risks facing pension plans:nonmarket financial risk in the United States and Poland
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作者：Adam Samborski1 ; John A. Turner
期刊名称：Journal of Economics and Management
印刷版ISSN：1732-1948
出版年度：2015
卷号：21
期号：3
页码：35-57
语种：English
出版社：Publishing House of the University of Economics in Katowice
摘要：This paper discusses agency,regulatory capture,counterparty and political risks as aspects of the nonmarket financial risks that pension plans and their participants bear,using as examples the United States and Poland. The intent of the paper is to expand beyond financial market risks the discussion of financial risks that pension plans and participants bear in funded pension systems. Thus,this paper fits into the broader discussion of the relative merits of funded and unfunded pensions. The paper also relates to analysis of the increasingly complex environment in which pension plans operate.
关键词：pension plans;nonmarket financial risks;agency risks;regulatory capture risks;counterparty risks;political risks.