Insurer financing for borrowing producers in a supply chain under alternative carbon allowance trades
學年 111
學期 2
出版(發表)日期 2023-04-23
作品名稱 Insurer financing for borrowing producers in a supply chain under alternative carbon allowance trades
作品名稱(其他語言)
著者 Lin, Jyh-jiuan
單位
出版者
著錄名稱、卷期、頁數 Energy Economics 121
摘要 The article models the borrowing producers in a production supply chain with insurer green finance. The borrowing firms' transacting carbon allowances (CA) under the cap-and-trade mechanism affect the insurer's loan rate-setting and guaranteed rate-setting decisions. One result shows that a stringent regulatory cap toward carbon emission reduction increases the loans at a reduced loan rate (i.e., reducing the insurer's interest margin). The most significantly reduced margin is the case of the product producer and input provider being CA buyers, and the minor reduction is the CA sellers. We also show that a strict regulatory cap increases the life insurance policies at an increased guaranteed rate (i.e., decreasing the insurer's interest margin), resulting in higher policyholder protection and, thus, insurance stability. Policyholder protection is the most (least) significant when the borrowing firms in the supply chain are CA sellers (buyers) in the cap-and-trade mechanism. In conclusion, the significantly increased policyholder protection reduces the insurer's profits less considerably due to the stringent cap regulation toward sustainable development in a green production supply chain.
關鍵字 Production supply chain;Cap-and-trade mechanism;Regulatory cap;Life insurer;Guaranteed rate
語言 en
ISSN 0140-9883
期刊性質 國內
收錄於 SSCI
產學合作
通訊作者 Lin, Jyh-jiuan
審稿制度
國別 NLD
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/124009 )