教師資料查詢 | 類別: 期刊論文 | 教師: 何佳玲 HO, CHIA-LING (瀏覽個人網頁)

標題:Ownership Structure and Reinsurance Decisions: Evidence from the Property Casualty Insurance Industry in China
學年104
學期2
出版(發表)日期2016/02/05
作品名稱Ownership Structure and Reinsurance Decisions: Evidence from the Property Casualty Insurance Industry in China
作品名稱(其他語言)
著者Chia-Ling Ho
單位
出版者
著錄名稱、卷期、頁數The Chinese Economy 49(1), p.14-31
摘要This study examines the impact of ownership structure on reinsurance decisions in the Chinese property casualty insurance industry. The evidence shows that foreign insurers have higher reinsurance demand than domestic insurers. Specifically, foreign insurers are more likely to purchase volunteer reinsurance. More important, foreign insurers are associated with a higher percentage of facultative reinsurance ratios than domestic insurers. We also find that the insurer’ ROA is positively related to reinsurance demand, whereas firm size and tax shield are negatively related to reinsurance demand. Implementing the compulsory (statutory) reinsurance ratio in the Chinese insurance market before 2006 is inefficient. Finally, the revised regulation of compulsory reinsurance ratios affected the reinsurance demand after 2006. For example, insurers with a 10 percent compulsory reinsurance ratio in 2004 had significantly different reinsurance demands from that of insurers without compulsory reinsurance after 2006. The overall results of this study indicate that ownership structure (foreign versus domestic ownership) and other characteristics of firms’ significantly affect the demand for reinsurance.
關鍵字Reinsurance demand;ownership structure;compulsory reinsurance;voluntary reinsurance;facultative reinsurance;treaty reinsurance
語言英文(美國)
ISSN1097-1475; 1558-0954
期刊性質國外
收錄於
產學合作
通訊作者Chia-Ling Ho
審稿制度
國別美國
公開徵稿
出版型式,電子版
相關連結
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