教師資料查詢 | 類別: 期刊論文 | 教師: 林志鴻 Jyh-horng Lin (瀏覽個人網頁)

標題:Life insurer performance under the bailout of distressed asset purchases
學年108
學期2
出版(發表)日期2020/04/08
作品名稱Life insurer performance under the bailout of distressed asset purchases
作品名稱(其他語言)
著者Xuelian Li; Jianming Dong; Jyh-Horng Lin
單位
出版者
著錄名稱、卷期、頁數Applied Economics 52(19), p.2063-2078
摘要The paper develops a structure-break contingent claim model to examine how government bailout affects a life insurer’s performance (policyholder protection and insurer survival). The distressed assets purchased by the government enhance the optimal insurer interest margin, and policyholder protection. Bailout as such helps the life insurer, implying a higher likelihood of survival in particular when a financial crisis deteriorates seriously, thereby contributing to the stability of the insurance system. In addition, we suggest that low participation of the profit-sharing policy increases insurer survival. This strategic participation effect becomes more significant when the economic state of structural break volatility is increased, and thus, enhancing insurer survival and solving financial problems.
關鍵字Profit-sharing life insurance policy;government purchases of distressed assets;structural break;performance
語言英文
ISSN1667-6726
期刊性質國外
收錄於SSCI;
產學合作
通訊作者JYH-HORNG, LIN
審稿制度
國別英國
公開徵稿
出版型式,電子版
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