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題名:風險資本額制度對產險業使用再保險的影響
書刊名:經濟論文
作者:許永明 引用關係黃芳文 引用關係
作者(外文):Shiu, Yung-mingHuang, Becky F.
出版日期:2015
卷期:43:3
頁次:頁381-411
主題關鍵詞:風險基礎資本額制度再保險干擾效果Risk-based capital regimeReinsuranceModerating effect
原始連結:連回原系統網址new window
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  • 被引用次數被引用次數:期刊(3) 博士論文(0) 專書(0) 專書論文(0)
  • 排除自我引用排除自我引用:3
  • 共同引用共同引用:0
  • 點閱點閱:183
過去有關再保險的文獻,並沒有探討監理制度對再保險使用的影響。在本文中今我們分析了1994年至2010年的資料噴發現產險業於風險基礎資本額(risk based capital, RBC)制度實施以後,再保險的使用顯著減少。我們也發現:RBC制度的實施使得公司規模比較大的公司今更加減少再保險的使用;財務槓桿高與火險業務多的公司今不再使用這麼多的再保險。然而今RBC制度的實施使得獲利能力好的公司今使用較多再保險。
Prior studies have not yet examined how a solvency regime influences the use of reinsurance by insurers. Using data from 1994 through 2010, we find that non-life insurers used less reinsurance after the RBC regime took effect in 2003. We also find that after 2003 the impact of firm size on reinsurance was stronger, but the influence of financial leverage, profitability and fire insurance business was weaker.
期刊論文
1.Adams, Mike、Hardwick, Philip、Zou, Hong(2008)。Reinsurance and Corporate Taxation in the United Kingdom Life Insurance Industry。Journal of Banking and Finance,32(1),101-115。  new window
2.Froot, K. A.(2001)。The Market for Catastrophe Risk: A Clinical Examination。Journal of Financial Economics,60(2),529-571。  new window
3.Hoerger, Thomas J.、Sloan, Frank A.、Hassan, Mahmud(1990)。Loss Volatility, Bankruptcy, and the Demand for Reinsurance。Journal of Risk and Uncertainty,3(3),221-245。  new window
4.Powell, Lawrence S.、Sommer, David W.(2007)。Internal Versus External Capital Markets in the Insurance Industry: The Role of Reinsurance。Journal of Financial Service Research,31(2/3),173-188。  new window
5.Adiel, Ron(1996)。Reinsurance and the Management of Regulatory Ratios and Taxes in the Property-Casualty Insurance Industry。Journal of Accounting and Economics,22(1-3),207-240。  new window
6.Carson, James M.、Hoyt, Robert E.(1995)。Life Insurer Financial Distress: Classification Models and Empirical Evidence。Journal of Risk and Insurance,62(4),764-775。  new window
7.Chen, Yueyun、Hamwi, Iskandar S.、Hudson, Tim(2001)。The Effect of Ceded Reinsurance on Solvency of Primary Insurers。International Advances in Economic Research,7(1),65-82。  new window
8.Doherty, Neil A.、Smetters, Kent(2005)。Moral Hazard in Reinsurance Markets。The Journal of Risk and Insurance,72(3),375-391。  new window
9.鄭慧菁(2013)。產壽險理事長帶頭拼業纊、衝獲利。現代保險,292,78-81。  延伸查詢new window
10.Fier, Stephen G.、McCullough, Kathleen A.、Carson, James M.(2013)。Internal Capital Markets and the Partial Adjustment of Leverage。Journal of Banking and Finance,37(3),1029-1039。  new window
11.Garven, J. R.、Lamm-Tennant, J.(2003)。Demand for Reinsurance: Theory and Empirical Tests。Insurance and Risk Management,7,217-238。  new window
12.Geehan, R.(1977)。Returns to Scale in the Life Insurance Industry。The Bell Journal of Economics,8,497-514。  new window
13.Kader, H. A.、Adams, M.、Mouratidis, K.(2010)。Testing for Trade-offs in the Reinsurance Decision of U.K. Life Insurance Firms。Journal of Accounting Auditing and Finance,25(3),491-522。  new window
14.Swiss Re(2013)。World Insurance 2012。Sigma,3,33-42。  new window
15.Wang, Z.、Bessler, D. A.(2006)。Price and Quantity Endogeneity in Demand Analysis: Evidence from Directed Acyclic Graphs。Agricultural Economics,34,87-95。  new window
16.Shiu, Yung-Ming(2011)。Reinsurance and Capital Structure: Evidence from the United Kindom Non-life Insurance Industry。Journal of Risk & Insurance,78(2),475-494。  new window
17.Stock, James H.、Wright, Jonathan H.、Yogo, Motohiro(2002)。A Survey of Weak Instruments and Weak Identification in Generalized Method of Moments。Journal of Business and Economic Statistics,20(4),518-529。  new window
18.Cole, C. R.、McCullough, K. A.(2006)。Reexamination of the corporate demand for reinsurance。Journal of Risk and Insurance,73(1),169-192。  new window
19.Shortridge, Rebecca Toppe、Avila, Stephen M.(2004)。The Impact of Institutional Ownership on the Reinsurance Decision。Risk Management and Insurance Review,7(2),93-106。  new window
20.Adams, Mike(1996)。The Reinsurance Decision in Life Insurance Firms: An Empirical Test of the Risk-Bearing Hypothesis。Accounting and Finance,36(1),15-30。  new window
21.Cummins, J. David、Harrington, Scott E.、Klein, Robert W.(1995)。Insolvency Experience, Risk-based Capital, and Prompt Corrective Action in Property- Liability Insurance。Journal of Banking and Finance,19(3/4),511-527。  new window
22.Warner, Jerold B.(1977)。Bankruptcy Costs: Some Evidence。Journal of Finance,32(2),337-347。  new window
23.Mayers, David、Smith, Clifford W. Jr.(1990)。On the corporate demand for insurance: Evidence from the reinsurance market。The Journal of Business,63(1),19-40。  new window
24.Jaccard, James、Wan, Choi K.、Turrisi, Robert(1990)。The detection and interpretation of interaction effects between continuous variables in multiple regression。Multivariate Behavioral Research,25(4),467-478。  new window
25.Colquitt, L. L.、Hoyt, R. E.(1997)。Determinants of Corporate Hedging Behavior: Evidence from the Life Insurance Industry。Journal of Risk and Insurance,64(4),649-671。  new window
研究報告
1.Cummins, J. D.、Dionne, G.、Gagne, R.、Nouira, A.(2008)。The Cost and Benefits of Reinsurance。HEC Montreal。  new window
2.Drechsler, Q. S.、Cummins, J. D.(2008)。Hedge the Hedgers: Usage of Reinsurance and Derivatives by PC Insurance Companies。Temple University。  new window
圖書
1.Wooldridge, Jeffrey M.(2013)。Introductory Econometrics: A Modern Approach。Mason, OH:South-Western Cengage Learning Press。  new window
2.Studenmund, Arnold H.(2001)。Using Econometrics: A Practical Guide。Addison Wesley Longman Inc.。  new window
3.Gujarati, Damodar N.(1995)。Basic Econometrics。McGraw-Hill, Inc.。  new window
圖書論文
1.Stock, James H.、Yogo, Motohiro(2005)。Testing for Weak Instruments in Linear IV Regression。Identification and Inference for Econometric Models: Essays in Honor of Thomas Rothenberg。Cambridge University Press。  new window
 
 
 
 
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