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:CEO Turnover and Reinsurance Demand in the U.S. Property Casualty Insurance Industry
學年105
學期2
出版(發表)日期2017/05/01
作品名稱CEO Turnover and Reinsurance Demand in the U.S. Property Casualty Insurance Industry
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NTU Management Review 27(2S), p.245-288
摘要This paper examines the impact of CEO turnover on reinsurance demand in the U.S. property casualty insurance industry. Our evidence shows that insurers with CEO turnover are more likely to increase reinsurance demand after CEO turnover. More detailed analyses indicates that insurers with non-routine (forced) CEO turnover are more likely to increase reinsurance than insurers without CEO turnover, but insurers with routine (voluntary) CEO turnover are not likely to change reinsurance policies after CEO turnover. One possible explanation for these results is that an insurer with a new CEO resulting from non-routine (forced) CEO turnover is more likely to increase demand for reinsurance to stabilize earnings and reduce risk to protect the job security of the new CEO. The evidence shows that the interaction effect between mutual form and CEO turnover is negatively related to reinsurance demand after CEO turnover. Finally, our results also show that insurers with CEO turnover are not related to reinsurance demand after the Sarbanes–Oxley Act of 2002. The overall results of this study indicate that CEO turnovers have a significant impact on the demand for reinsurance.
關鍵字reinsurance demand;CEO turnover;non-routine CEO turnover;forced CEO turnover;SOX Act
語言英文
ISSN1018-1601
期刊性質國內
收錄於TSSCI;
產學合作
通訊作者Chia-Ling Ho
審稿制度
國別中華民國
公開徵稿
出版型式,電子版,紙本
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