Please use this identifier to cite or link to this item:
https://ah.lib.nccu.edu.tw/handle/140.119/78218
DC Field | Value | Language |
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dc.contributor | 風管系 | |
dc.creator | Shiu, Yung-Ming | |
dc.creator | 許永明 | zh_TW |
dc.date | 2015-04 | |
dc.date.accessioned | 2015-09-02T09:40:50Z | - |
dc.date.available | 2015-09-02T09:40:50Z | - |
dc.date.issued | 2015-09-02T09:40:50Z | - |
dc.identifier.uri | http://nccur.lib.nccu.edu.tw/handle/140.119/78218 | - |
dc.description.abstract | 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 | Geneva Papers on Risk & Insurance - Issues & Practice, 40(2), 316-333 | |
dc.title | What Determines Lloyd`s Market Syndicates` Unsolicited Ratings? | |
dc.type | article | en |
dc.identifier.doi | 10.1057/gpp.2014.36 | |
dc.doi.uri | http://dx.doi.org/10.1057/gpp.2014.36 | |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.fulltext | With Fulltext | - |
item.cerifentitytype | Publications | - |
item.openairetype | article | - |
item.grantfulltext | restricted | - |
Appears in Collections: | 期刊論文 |
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index.html | 245 B | HTML2 | View/Open |
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