關鍵字查詢 | 類別:期刊論文 | | 關鍵字:Life insurer performance under the bailout of distressed asset purchases

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1 108/2 國企系 林志鴻 教授 期刊論文 發佈 Life insurer performance under the bailout of distressed asset purchases , [108-2] :Life insurer performance under the bailout of distressed asset purchases期刊論文Life insurer performance under the bailout of distressed asset purchasesXuelian Li; Jianming Dong; Jyh-Horng LinProfit-sharing life insurance policy;government purchases of distressed assets;structural break;performanceApplied Economics 52(19), p.2063-2078The paper develops a structure-break contingent claim model to examine how government bailout affects a life insurer’s performance (policyholder protection and insurer survival). The distressed assets purchased by the government enhance the optimal insurer interest margin, and policyholder protection. Bailout as such helps the life insurer, implying a higher likelihood of survival in particular when a financial crisis deteriorates seriously, thereby contributing to the stability of the insurance system. In addition, we suggest that low participation of the profit-sharing policy increases insurer survival. This strategic participation effect becomes more signif
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