| dc.contributor | 風管系 | |
| dc.creator (作者) | Shiu, Yung-Ming | |
| dc.creator (作者) | 許永明 | zh_TW |
| dc.date (日期) | 2015-04 | |
| dc.date.accessioned | 2-Sep-2015 17:40:50 (UTC+8) | - |
| dc.date.available | 2-Sep-2015 17:40:50 (UTC+8) | - |
| dc.date.issued (上傳時間) | 2-Sep-2015 17:40:50 (UTC+8) | - |
| dc.identifier.uri (URI) | http://nccur.lib.nccu.edu.tw/handle/140.119/78218 | - |
| dc.description.abstract (摘要) | Based upon a sample of Lloyd`s syndicates covering the years 2006-2010, we examine the determinants of (i) the likelihood of being rated and (ii) the rating that is likely to be assigned by Standard and Poor`s, from which we document evidence of selectivity bias. Larger, more profitable and liquid syndicates are found to be more likely to receive a rating, and indeed, to have higher ratings. Syndicates with more reinsurance dependence are more likely to be rated, but less likely to obtain a higher rating. Our findings indicate that the `signalling` hypothesis dominates the `uncertainty reduction` theory. | |
| dc.format.extent | 245 bytes | - |
| dc.format.mimetype | text/html | - |
| dc.relation (關聯) | Geneva Papers on Risk & Insurance - Issues & Practice, 40(2), 316-333 | |
| dc.title (題名) | What Determines Lloyd`s Market Syndicates` Unsolicited Ratings? | |
| dc.type (資料類型) | article | en |
| dc.identifier.doi (DOI) | 10.1057/gpp.2014.36 | |
| dc.doi.uri (DOI) | http://dx.doi.org/10.1057/gpp.2014.36 | |
