A Study on the Risk-Return Evaluation of Corporate Annuity Portfolios in China

• 영문명: A Study on the Risk-Return Evaluation of Corporate Annuity Portfolios in China
• 발행기관: 아시아무역학회
• 저자명: Tiaoyao Zhen
• 간행물 정보: 『Journal of Asia Trade and Business』vol.9 no.1, 25~39쪽, 전체 15쪽
• 주제분류: 사회과학 > 무역학
• 파일형태: PDF
• 발행일자: 2022.06.30

영문 초록

Purpose - The purpose of this study is to evaluate the risk-return of China’s corporate annuity portfolio. In addition, it aims to enhance the quality of corporate annuity principals to strengthen corporate annuity control and risk-return evaluation by setting performance benchmarks to evaluate the investment portfolio mechanism of the investment manager. Design/Methodology/Approach - This study combines modern portfolio theory, financial regulation theory, and risk management theory to analyze the risk-return of corporate annuity portfolios of Qiming Venture Partners. The three analysis methods, VaR, Mean-Variance, and Sharp, were used to establish a risk-return analysis mechanism for the portfolio of corporate annuities and securities. Findings - The results of the study show that the risk-return prediction evaluation model is useful for the preinvestment and post-investment risk-return evaluation of annuity portfolios, and for companies to evaluate the effectiveness of investment manager portfolios. Research Implications - Corporate annuities need to be cautious in launching new products. They should prioritize the allocation of equity assets with more mature portfolios, and relax country-specific allocation limits. The number of investment portfolios should be increased, the types of asset allocation portfolios should be enriched, and the risk regulation system should be actively applied.

목차

Ⅰ. Introduction

Ⅱ. Theoretical Basis

Ⅲ. Sample Description and Study Design

Ⅳ. Risk-Return Evaluation of Corporate Annuity Investment Portfolio

Ⅴ. Conclusions and Recommendations

References

키워드

China Corporate Annuities Investment Portfolio Risk Investment Risk-return