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Identificador persistente para citar o vincular este elemento: http://hdl.handle.net/10553/54408
Campo DC Valoridioma
dc.contributor.authorPadrón, Yaiza García
dc.contributor.authorBoza, Juan García
dc.date.accessioned2019-02-18T10:37:12Z-
dc.date.available2019-02-18T10:37:12Z-
dc.date.issued2006
dc.identifier.issn0034-7140
dc.identifier.urihttp://hdl.handle.net/10553/54408-
dc.description.abstractThe aim of this paper is to analyse if the Arbitrage Pricing Theory or the model suggested by Chen et al. (1986) can efficiently explain the variability of the cross-sectional returns on the Personal Pension Plans in Spain between 1995-2003, as well as to find their sources of risks. To test both models we have followed the traditional two-step cross-sectional regressions by Fama and MacBeth (1973). The results of our analysis show two significant risk factors derived from the fixed-income market: non-anticipated changes in the interest rate term structure and the default risk premium.
dc.publisher0034-7140
dc.relation.ispartofRevista Brasileira de Economia
dc.sourceRevista Brasileira de Economia[ISSN 0034-7140],v. 60, p. 179-192
dc.titleWhich are the risk factors in the pricing of Personal Pension Plans in Spain?
dc.typeinfo:eu-repo/semantics/Article
dc.typeArticle
dc.identifier.scopus33845454716
dc.contributor.authorscopusid57193653424
dc.contributor.authorscopusid15134783800
dc.description.lastpage192
dc.description.firstpage179
dc.relation.volume60
dc.type2Artículo
dc.date.coverdateAbril 2006
dc.identifier.ulpgcSíes
item.fulltextSin texto completo-
item.grantfulltextnone-
crisitem.author.deptDepartamento de Economía Financiera y Contabilidad-
crisitem.author.orcid0000-0003-0229-1596-
crisitem.author.fullNameGarcía Padrón, Yaiza-
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