| The relationship among reinsurance, capital structure and catastrophes: the dym=namic approach evidece on property-liability insurers in Asian countries | |
|---|---|
| 學年 | 104 |
| 學期 | 1 |
| 發表日期 | 2015-08-02 |
| 作品名稱 | The relationship among reinsurance, capital structure and catastrophes: the dym=namic approach evidece on property-liability insurers in Asian countries |
| 作品名稱（其他語言） | |
| 著者 | ç”°å³»å‰ |
| 作品所屬單位 | |
| 出版者 | |
| 會議名稱 | 3rd World Risk and Insurance Economics Congress 2015 (WRIEC) |
| 會議地點 | Munich, Germany |
| 摘要 | Reinsurance and capital structure are important factors in insurer's operations. In recent years, catastrophe happened frequently in Asian countries. However, prior studies usually focused on reinsurance and catastrophe issues in the developed countries, not in other developing countries. Thus, this study aims to investigate the relationship among reinsurance, capital structure and catastrophe in the context of the young but fast-growing Asian insurance market. Using data that consists of property-liability insurers in China and Taiwan from 2008 to 2012, we adopt the simultaneous equation model to examine the relationship among reinsurance, capital structure and catastrophe. Based on the two-stage least square regression estimations, our empirical results support that the property-liability insurers with higher leverage tend to purchase more reinsurance, and with higher utilization of reinsurance tend to have higher leverage. However, we have no evidence to support that reinsurance and capital structure of insurers will change after occurrence of catastrophe. |
| 關鍵字 | catastrophe, capital structure |
| 語言 | zh_TW |
| 收錄於 | |
| 會議性質 | 國際 |
| 校內研討會地點 | |
| 研討會時間 | 20150802~20150806 |
| 通訊作者 | ç”°å³»å‰ |
| 國別 | DEU |
| 公開徵稿 | Y |
| 出版型式 | é›»å版 |
| 出處 | |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/104016 ) |
GoogleAnalytics