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:Borrower capital, shadow insurance, and life insurer performance
學年108
學期2
出版(發表)日期2020/05/13
作品名稱Borrower capital, shadow insurance, and life insurer performance
作品名稱(其他語言)
著者Jyh-Horng Lin; Fu-Wei Huang; Chuen-Ping Chang
單位
出版者
著錄名稱、卷期、頁數Applied Economics Letters
摘要The paper develops a ‘capped’ call option model by calibrating Briys and de Varenne (1994) with integrating Dermine and Lajeri (2001) that the borrowing-firm credit risk is introduced to the lending function of the insurer. Results show that shadow banking entrusted loans enhance policyholder protection and help the insurer from the standpoint of survival at the cost of insurer profitability. We also suggest that shadow insurance and lending to high-quality borrowing firms captured by low leverage might increase policyholder protection and insurer survival, thereby contributing to insurance stability.
關鍵字Borrower capital;shadow insurance;capped call option;life insurer
語言英文
ISSN1466-4291
期刊性質國外
收錄於SSCI;
產學合作
通訊作者Chuen-Ping Chang
審稿制度
國別英國
公開徵稿
出版型式,電子版,紙本
相關連結
Google+ 推薦功能,讓全世界都能看到您的推薦!