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The Impact of the Secondary Market on Life Insurers’ Surrender Profits

✍ Scribed by Nadine Gatzert; Gudrun Hoermann; Hato Schmeiser

Book ID
109158608
Publisher
John Wiley and Sons
Year
2009
Tongue
English
Weight
378 KB
Volume
76
Category
Article
ISSN
0022-4367

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## Abstract By designing remuneration schemes based on a bonus rewarding specific firm‐level outcomes, the owners/shareholders of a firm can manipulate the behavior of their managers. In practice, different bonus anchors take center stage: some are profit‐based, others use sales as the key yardstic