Discussion: A Normative Approach to Pension Fund Management

Michael Keenan

Journal of Financial and Quantitative Analysis, 1981, vol. 16, issue 4, 557-558

Abstract: The paper by Frankfurter and Hill is an interesting contribution to our understanding of the interrelationship between funding and portfolio investment decisions in pension fund management. This research summary is written with grea clarity, and the first three sections will be must reading for anyone doing serious work on the theory of corporate pension fund management. The reader would be well advised to go ahead and read the fourth section (“a numerical demonstration”) as well, for there theauthors clearly demonstrate both the power and serious weaknesses of a linear programming approach to this multiperiod, fixed horizon problem.

Date: 1981
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.cambridge.org/core/product/identifier/ ... type/journal_article link to article abstract page (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cup:jfinqa:v:16:y:1981:i:04:p:557-558_00

Access Statistics for this article

More articles in Journal of Financial and Quantitative Analysis from Cambridge University Press Cambridge University Press, UPH, Shaftesbury Road, Cambridge CB2 8BS UK.
Bibliographic data for series maintained by Kirk Stebbing ().