Profit-shared Arrangement and Pension Fund Administration
- 经济学院－已发表论文 
借鉴企业理论,比较了养老基金公共管理和私人管理。认为在基金投资管理人和基金持有人之间采取收益分享方式,可以避免采用私人管理中出现的弊端,实现利益的最大化。对我国的养老基金管理方式提出了一些建议。Using Theory of Firm as reference, this paper analyses the difference between private administration and public administration in pension fund. It is optimal for the pension fund managers and fund holders if they adopt profitshared arrangement, which defects resulting from private administration can be avoided, and huge profit can also be made. In this paper, some suggestions for improving China's pension fund management have also been put forward.