کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
1014132 939353 2012 6 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
America's addiction to tontines
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
America's addiction to tontines
چکیده انگلیسی

Tontines—that is, investment contracts which are essentially death gambles—permeate the American and international landscape in varieties that sometimes obscure their tontine-like qualities. Some of these financial devices serve valuable functions and are funded by the appropriate parties, and therefore their use should be encouraged. Other tontines place funding obligations on those not fully consenting to that burden, however, and promote undesired behavior by the beneficiaries of the tontines. This article categorizes tontine-like contracts by analyzing their funding sources and behavioral impacts. Further, it recommends the use of some tontines—such as defined-benefit pension plans—be discouraged.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Business Horizons - Volume 55, Issue 3, May–June 2012, Pages 313–318
نویسندگان
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