000			01636cam a2200289 a 4500
008			831129s1984 dcu b 000 0 eng
020			_a0844734861 (pbk.)
040			_aDLC _cDLC
050	0	0	_aHD7105.45.U6 _bL63 1984
082	0	0	_a332.6'7254 _bLOG
100	1		_aLogue, Dennis E.
245	1	0	_aManaging corporate pension plans: _bthe impacts of inflation /
260			_aWashington : _bAmerican Enterprise Institute for Public Policy Research, _cc1984.
300			_a68 p. :
440		0	_aStudies in social security and retirement policy
440		0	_aAEI studies ;
504			_aIncludes bibliographical references.
520			_aThe asset allocation of defined benefit pension plans is a setting where both risk shifting and risk management incentives are likely be present. Empirically, firms with poorly funded pension plans and weak credit ratings allocate a greater share of pension fund assets to safer securities such as government debt and cash, whereas firms with well-funded pension plans and strong credit ratings invest more heavily in equity. These relations hold both in the cross-section and within firms and plans over time. The incentive to limit costly financial distress plays a considerably larger role than risk shifting in explaining variation in pension fund investment policy among U.S. firms.
590			_aaia 22/03/2019
591			_aLoans
650		0	_aPension trusts
650		0	_aRetirement benefits
700	1		_aRogalski, Richard J.
856			_uhttps://www.aei.org/wp-content/uploads/2017/03/Managing-Corporate-Pension-Plans.pdf
942			_2ddc _cBOOK
949			_a332.6'7254 LOG
999			_c15352 _d15352