我国企业年金市场价值链研究

发布时间：2018-09-18 16:21

【摘要】：随着人口老龄化程度不断加深,世界上许多国家的基本养老保险制度步履维艰,养老保障危机频发,各个国家开始对现行的养老保险政策进行反思,陆续提出解决措施及设想,企业年金制度应运而生。近年来,我国企业年金市场发展规模不断增大,但在多支柱养老保障体系中,出现第一支柱一支独大的局面,企业年金制度发挥的养老替代作用较小,潜力有待开发。本文以企业年金市场的价值链活动为主线,从企业年金市场价值链相关概念界定,企业年金市场价值链的发展现状及存在问题和构建完善的企业年金市场价值链体系三部分进行阐述。首先,本文结合对企业年金市场以及价值链的研究与了解,对企业年金市场价值链进行概念界定与解释。运用养老保障三支柱理论、利益相关者理论、委托代理理论,阐明实现企业年金市场价值链有序运行的理论依据。三个理论强调了养老保障三支柱均衡发展的重要性,清晰了企业年金制度作为养老保障第二支柱的功能定位,对提高企业年金基金的养老保障替代率提供了理论基础。其次,依据企业年金市场价值链从无到有、从自发价值链向自觉价值链转化的价值链初步形成的现状,对企业年金市场价值链的运行模式和运行效果进行分析,发现目前发展过程中存在受托主体空壳化,委托人与受托人之间、受托人与各运营机构之间存在双层的委托代理风险以及监管体系不完善等问题。最后,本文从实现企业年金市场价值链保值和增值两个层面,提出构建闭环的企业年金市场价值链的价值增值模式、构建基于信托叠加效应模型的价值创造模式,并从营造良好的法律环境,实施积极有效的税收政策,加强监管等层面完善年金市场价值链体系,并提出政策建议。实现企业年金市场价值链的健康发展,最重要的是要实现价值链、文化链与风险链的稳定发展。
[Abstract]:With the deepening of the aging of the population, the basic old-age insurance system in many countries in the world is struggling, and the old-age security crisis occurs frequently. Each country begins to reflect on the current pension insurance policies, and puts forward the solutions and assumptions one after another. Enterprise annuity system arises at the historic moment. In recent years, the scale of the development of the enterprise pension market in our country has been increasing, but in the multi-pillar pension security system, there is a situation that the first pillar is the only one, and the enterprise pension system plays a relatively small role in replacing the aged, and the potential remains to be exploited. This article takes the enterprise annuity market value chain activity as the main line, defines from the enterprise annuity market value chain related concept, The development status and existing problems of enterprise annuity market value chain and the construction of perfect enterprise annuity market value chain system are expounded in three parts. First of all, this paper defines and explains the value chain of enterprise annuity market based on the research and understanding of the enterprise annuity market and the value chain. By using the theory of three pillars of old-age security, stakeholder theory and principal-agent theory, the theoretical basis for realizing the orderly operation of the value chain of enterprise annuity market is expounded. The three theories emphasize the importance of balanced development of the three pillars of old-age security, clarify the functional orientation of enterprise pension system as the second pillar of old-age security, and provide a theoretical basis for improving the replacement rate of old-age security for enterprise pension funds. Secondly, according to the current situation that the value chain of enterprise annuity market is formed from scratch and from spontaneous value chain to self-conscious value chain, this paper analyzes the operation mode and operation effect of enterprise annuity market value chain. It is found that there are some problems in the process of development, such as the emptiness of the trustee, the double level principal-agent risk between the trustor and the trustee, and the imperfect supervision system. Finally, this paper puts forward the value increment model of the closed-loop enterprise annuity market value chain and the value creation model based on the trust superposition effect model from two aspects of realizing the maintenance and increment of the enterprise annuity market value chain. From the aspects of creating a good legal environment, implementing positive and effective tax policies, strengthening supervision and so on, perfecting the annuity market value chain system, and putting forward some policy suggestions. To realize the healthy development of enterprise annuity market value chain, the most important thing is to realize the stable development of value chain, culture chain and risk chain.
【学位授予单位】：青岛大学
【学位级别】：硕士
【学位授予年份】：2017
【分类号】：F842.6

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