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題名 A Reexamination of the Relationship between Organizational Forms and Distribution Channels in the U.S. Property Liability Insurance Industry
作者 Chang, Vincent Y. ; Wang, Jennifer L. ; Tzeng, Larry Y.
張永郎;王儷玲;曾郁仁
貢獻者 風管系
關鍵詞 organizational form; distribution channel; conditional dependence test; reduced form; structural form
日期 2010
上傳時間 27-Feb-2014 16:18:01 (UTC+8)
摘要 How do property liability insurance companies choose their organizational forms and distribution channels? Prior studies have not yet provided a consistent conclusion. In this paper, we propose a reduced form approach to reexamine the relationship between organizational forms and distribution channels in the insurance industry, using cross-sectional data pertaining to U.S. property liability insurance companies in 2004. We adopt a conditional dependence test, which can overcome the sensitivity problem of the structural form setting. The results show that after we control for all explanatory variables, the relationship between organizational forms and distribution channels is conditionally uncorrelated. The result is consistent with Regan and Tzeng (1999), but contradicts the findings of Baranoff and Sager (2003) and Kim et al. (1996).
關聯 Asia Pacific Journal of Risk and Insurance, 4(2)1-24
資料類型 article
dc.contributor 風管系en_US
dc.creator (作者) Chang, Vincent Y. ; Wang, Jennifer L. ; Tzeng, Larry Y.en_US
dc.creator (作者) 張永郎;王儷玲;曾郁仁zh_TW
dc.date (日期) 2010en_US
dc.date.accessioned 27-Feb-2014 16:18:01 (UTC+8)-
dc.date.available 27-Feb-2014 16:18:01 (UTC+8)-
dc.date.issued (上傳時間) 27-Feb-2014 16:18:01 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/64279-
dc.description.abstract (摘要) How do property liability insurance companies choose their organizational forms and distribution channels? Prior studies have not yet provided a consistent conclusion. In this paper, we propose a reduced form approach to reexamine the relationship between organizational forms and distribution channels in the insurance industry, using cross-sectional data pertaining to U.S. property liability insurance companies in 2004. We adopt a conditional dependence test, which can overcome the sensitivity problem of the structural form setting. The results show that after we control for all explanatory variables, the relationship between organizational forms and distribution channels is conditionally uncorrelated. The result is consistent with Regan and Tzeng (1999), but contradicts the findings of Baranoff and Sager (2003) and Kim et al. (1996).en_US
dc.format.extent 337445 bytes-
dc.format.mimetype application/pdf-
dc.language.iso en_US-
dc.relation (關聯) Asia Pacific Journal of Risk and Insurance, 4(2)1-24en_US
dc.subject (關鍵詞) organizational form; distribution channel; conditional dependence test; reduced form; structural formen_US
dc.title (題名) A Reexamination of the Relationship between Organizational Forms and Distribution Channels in the U.S. Property Liability Insurance Industryen_US
dc.type (資料類型) articleen