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題名 The Relationships among the Demand for Reinsurance, Liquidity, and Leverage in the US Property-Liability Insurance Industry=美國財產責任保險公司再保險、流動性及財務槓桿關係之分析
作者 鄭士卿
Chang, Vincent Y.;Jeng, Vivian S.
貢獻者 風險管理與保險學系
關鍵詞 再保險 ; 流動性 ; 財務槓桿 ; 資本結構 ; Demand for reinsurance ; Liquidity ; Leverage ; Capital structure
日期 2016
上傳時間 8-Jan-2018 17:13:39 (UTC+8)
摘要 Using pooled time-series and cross-sectional data from 1994 to 2006, we examine the interrelations among the demand for reinsurance, liquidity, and leverage in the U.S. property-liability insurance industry. Three structural equations are simultaneously estimated on the basis of a two-stage least squares paradigm. On the one hand, the empirical results indicate that insurers` liquidity and reinsurance demand are substitutes for each other, and the same relationship is founds for liquidity and leverage. On the other hand, our empirical findings support the fact that reinsurance demand and leverage are complementary.
關聯 Taiwan Economic Review, December 2016, v. 44, iss. 4, pp. 543-76
資料類型 article
dc.contributor 風險管理與保險學系zh_TW
dc.creator (作者) 鄭士卿zh_TW
dc.creator (作者) Chang, Vincent Y.;Jeng, Vivian S.en_US
dc.date (日期) 2016
dc.date.accessioned 8-Jan-2018 17:13:39 (UTC+8)-
dc.date.available 8-Jan-2018 17:13:39 (UTC+8)-
dc.date.issued (上傳時間) 8-Jan-2018 17:13:39 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/115529-
dc.description.abstract (摘要) Using pooled time-series and cross-sectional data from 1994 to 2006, we examine the interrelations among the demand for reinsurance, liquidity, and leverage in the U.S. property-liability insurance industry. Three structural equations are simultaneously estimated on the basis of a two-stage least squares paradigm. On the one hand, the empirical results indicate that insurers` liquidity and reinsurance demand are substitutes for each other, and the same relationship is founds for liquidity and leverage. On the other hand, our empirical findings support the fact that reinsurance demand and leverage are complementary.en_US
dc.format.extent 335524 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Taiwan Economic Review, December 2016, v. 44, iss. 4, pp. 543-76en_US
dc.subject (關鍵詞) 再保險 ; 流動性 ; 財務槓桿 ; 資本結構 ; Demand for reinsurance ; Liquidity ; Leverage ; Capital structureen_US
dc.title (題名) The Relationships among the Demand for Reinsurance, Liquidity, and Leverage in the US Property-Liability Insurance Industry=美國財產責任保險公司再保險、流動性及財務槓桿關係之分析en_US
dc.type (資料類型) article