An Analysis of Reinsurance and Firm Performance: Evidence from the Taiwan Property-Liability Insurance Industry
學年 100
學期 2
出版（發表）日期 2012-07-01
作品名稱 An Analysis of Reinsurance and Firm Performance: Evidence from the Taiwan Property-Liability Insurance Industry
作品名稱（其他語言）
著者 Lee, Hsu-Hua; Lee, Chen-Ying
單位 淡江大學管理科學學系
出版者 Basingstoke: Palgrave Macmillan Ltd.
著錄名稱、卷期、頁數 The Geneva Risk and Insurance Review 37, pp.467–484
摘要 This study investigates the relationship between reinsurance and firm performance by sourcing panel data from the 1999 to 2009 period of the property-liability insurance industry in Taiwan. The results of this investigation offer some insight that firm performance and reinsurance are interdependent. We find that insurers with higher return on assets (ROA) tend to purchase less reinsurance and insurers with higher reinsurance dependence tend to have a lower level of firm performance. Therefore, managers have to strike a balance between decreasing insolvency risk and reducing potential profitability. Other empirical results show that ROA, underwriting risks, liquidity ratio, business line concentration, return on investment (ROI) and financial holding dummy have a significant correlation with reinsurance. In addition, firm size, financial leverage, reinsurance, underwriting risks, liquidity ratio and ROI have a significant influence on firm performance. Our results have practical implications for the property-liability insurance industry and competent authorities in Taiwan.
關鍵字 reinsurance; property-liability insurance; panel data; firm performance
語言 en
ISSN 1018-5895 1468-0440
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Lee, Chen-Ying
審稿制度 是
國別 GBR
公開徵稿
出版型式 紙本
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/80468 )

機構典藏連結
SDGS 產業創新與基礎設施