COVID-19, insurer board utility, and capital regulation
學年 109
學期 1
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 en
ISSN 1544-6131
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 NLD
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/987654321/119686 )