期刊論文
| 學年 | 108 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2020-04-20 |
| 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 | en |
| ISSN | 1667-6726 |
| 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 | 否 |
| 國別 | GBR |
| 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/987654321/118644 ) |