教師資料查詢 | 類別: 期刊論文 | 教師: 林志鴻 Jyh-horng Lin (瀏覽個人網頁)

標題:COVID-19, insurer board utility, and capital regulation
學年
學期
出版(發表)日期2020/10/01
作品名稱COVID-19, insurer board utility, and capital regulation
作品名稱(其他語言)
著者Xuelian Li; Panpan Lin; Jyh-Horng Lin
單位
出版者
著錄名稱、卷期、頁數Finance Research Letters 36, 101659
摘要This paper develops a down-and-out call option model by introducing a structural break in volatility to capture the coronavirus (COVID-19) outbreak. The life insurer's equity and its board’s utility are evaluated at the optimal guaranteed rate in the equity maximization. Results suggest that the seriousness degree of the COVID-19 outbreak and capital regulation enhance the optimal guaranteed rate and the board's utility. Increased the board's utility by increasing liabilities costs insurer profitability. Conflicts of incentives can arise during the COVID-19 outbreak.
關鍵字Optimal guaranteed rate;Board utility;COVID-19;Capital regulation
語言英文
ISSN1544-6131
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
國別荷蘭
公開徵稿
出版型式,電子版
相關連結
SDGs
  • 良好健康和福祉,尊嚴就業與經濟發展,負責任的消費與生產
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