Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/61658
題名: | Derivative Hedging and Insurer Solvency: Evidence from Taiwan | 作者: | 許永明 Shiu, Yung-Ming |
貢獻者: | 風管系 | 關鍵詞: | Derivative use;Insurer solvency;Hedging | 日期: | 2010 | 上傳時間: | 12-Nov-2013 | 摘要: | Using company-level panel data (2001-2003), this paper empirically examines whether Taiwanese insurers’ use of derivatives for hedging purposes is significantly related to their solvency (as measured by solvency ratio). Contrary to the public`s perception that firms with derivative programs have a higher level of solvency if derivatives are employed for hedging purposes, our results indicate that insurers` derivative hedging generally is not associated with solvency. Derivative hedgers have solvency that is similar to nonhedgers. | 關聯: | the Geneva Papers on Risk and Insurance- Issues and Practice, 35(3), 469-483 | 資料類型: | article |
Appears in Collections: | 期刊論文 |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
469483.pdf | 143.27 kB | Adobe PDF2 | View/Open |
Google ScholarTM
Check
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.