evaluating the impact of organizational factors andmanagement of deviant workplace behavior is an important issue. it helpsto explain the situation to senior managers in order to plan and makedecision to prevent or mitigate such a behavior. this study evaluates theimpact of organizational factors and management (unfair laws,organizational culture, compensation/ remuneration structure, negative ...

We compute minimum nominal funding ratios for defined-benefit (DB) plans based on the expected utility that can be achieved in a defined-contribution (DC) pension scheme. Using Monte Carlo simulation, expected utility is computed for three different specifications of utility : power utility,mean-shortfall, andmean-downside deviation.Depending on risk aversion and the level of sophistication ass...

Under the S-shaped utility of loss aversion, this paper considers bequest motivation pension plan participants, random salary income before retirement and substitution rate between receiving benefits after wages retirement, studies optimal investment strategy defined contribution (DC) pension. Assuming that funds can invest in a financial market consisting three assets (risk-free asset cash, ro...

This paper examines a mean-variance portfolio selection problem with stochastic salary and inflation protection strategy in the accumulation phase of a defined contribution (DC) pension plan. The utility function is assumed to be quadratic. It was assumed that the flow of contributions made by the pension plan members (PPMs) are invested into a market that is characterized by a cash account, an...

In this paper, we study the optimal management of an aggregated pension fund defined benefit type by means a differential game with two players, firm and participants. We assume that wealth is greater than actuarial liability then manager builds surplus. order to contemplate sudden changes in financial market, surplus can be invested portfolio bond several risky assets where uncertainty comes f...