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:Organizational Structure, Board Composition, and Risk Taking in the U.S. Property Casualty Insurance Industry
學年
學期
出版(發表)日期2013/03/01
作品名稱Organizational Structure, Board Composition, and Risk Taking in the U.S. Property Casualty Insurance Industry
作品名稱(其他語言)
著者Ho, Chia-ling; Lai, Gene C.; Lee, Jin-ping
單位淡江大學保險學系
出版者Hoboken: Wiley-Blackwell Publishing, Inc.
著錄名稱、卷期、頁數Journal of Risk and Insurance 80(1), p.169–203
摘要This study examines the impact of organizational structure and board composition on risk taking in the U.S. property casualty insurance industry, addressing different risk-taking behaviors from different perspectives. The risk-taking measures include total risk, underwriting risk, investment risk, and leverage risk. The evidence shows that mutual insurers have lower total risk, underwriting risk, and investment risk than stock insurers. In terms of board composition variables, we find that some board composition variables not only have impact on risk-taking behaviors but also affect different risk measures differently. Thus, using different risk measures is better than using one risk measure to assess risk-taking behavior. Finally, we conclude that an insurer can control its total risk through management of underwriting, investment, and leverage risks that determine an insurer's risk profile.
關鍵字
語言英文(美國)
ISSN0022-4367;1539-6975
期刊性質國外
收錄於SSCI;
產學合作
通訊作者
審稿制度
國別美國
公開徵稿
出版型式,電子版,紙本
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