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Entrepreneurial moral hazard in income insurance
Ejrnæs, Mette; Hochgürtel, Stefan - 2011
We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the context of an unemployment insurance scheme for self-employed, wherewe estimate how much of the transition probability to unemployment can be causally attributedto being insured....
Persistent link: https://www.econbiz.de/10011376618
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Better safe than sorry? : ex ante and ex post moral hazard in dynamic insurance data
Abbring, Jaap H.; Chiappori, Pierre-André; Zavadil, Tibor - 2008
This paper empirically analyzes moral hazard in car insurance using a dynamic theory of an insuree's dynamic risk (ex … ante moral hazard) and claim (ex post moral hazard) choices and Dutch longitudinal micro data. We use the theory to …
Persistent link: https://www.econbiz.de/10011376656
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Till debt do us part : strategic divorces and a test of moral hazard
Kim, Yeorim; Mastrogiacomo, Mauro; Hochgürtel, Stefan; … - 2022
We test whether households that face prospective home equity losses during a house price downturn use divorce to shed debt. We study the Dutch context, where qualifying homeowners can buy into a mortgage guarantee scheme that insures the lender against borrower default and transfers the risk to...
Persistent link: https://www.econbiz.de/10013332708
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Credit rationing effects of credit value-at-risk
Slijkerman, Jan Frederik; Smant, David Jan Cornelis; … - 2004
of low quality, i.e. high risk, loans and therefore reduces the risk of the bank loan portfolio. However, CVaR regulation …
Persistent link: https://www.econbiz.de/10011334832
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Corporate acquisitions and bank relationships
Volosovych, Vadym; Poelhekke, Steven; Vlahu, Razvan - 2021
Using a large dataset of firm-bank and ownership information for 23 European countries over 2008-2015, we study the … dynamics of bank relationships after corporate acquisitions and the effects of changing banks on firm performance. Foreign … help reduce the cost of financing. We further explore firm and bank heterogeneity and confirm cost of financing and …
Persistent link: https://www.econbiz.de/10012621574
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A dynamic analysis of the demand for health insurance and health care
Bolhaar, Jonneke; Lindeboom, Maarten; Klaauw, Bas van der - 2008
We investigate the presence of moral hazard and advantageous or adverse selection in a market for supplementary health insurance. For this we specify and estimate dynamic models for health insurance decisions and health care utilization. Estimates of the health care utilization models indicate...
Persistent link: https://www.econbiz.de/10011377059
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Insurance and information : firms as a commitment device
Bovenberg, Ary Lans; Teulings, Coen N. - 2001
We explore the role of firms in insuring non-verifiable output. As a device that allows workers to commit to thedelivery of their output, the firm arises endogenously as an alternative to the market if workers are sufficiently riskaverse and the firm can base its incentive payments on good...
Persistent link: https://www.econbiz.de/10011316894
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Banking competition and soft budget constraints : how market power can threaten discipline in lending
Arping, Stefan - 2012
Persistent link: https://www.econbiz.de/10010190982
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On risk, leverage and banks : do highly leveraged banks take on excessive risk?
Koudstaal, Martin; Wijnbergen, Sweder van - 2012
Persistent link: https://www.econbiz.de/10009722695
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Risk-taking, competition and uncertaint : do contingent convertible (CoCo) bonds increase the risk appetite of banks?
Fatouh, Mahmoud; Neamtu, Ioana; Wijnbergen, Sweder van - 2022
conversion on the risk-taking behaviour of the issuing bank. We also test for regulatory arbitrage: do banks try to maintain risk …
Persistent link: https://www.econbiz.de/10012887890