This study aims to investigate the effect of IT loan on performance of banks. The empirical analysis is grounded on the panel data from 1998 to 2002. The results find that there is negative significant influence as banks increase their loan ratios to the IT industry. Meaningfully, during the...

This study examines the effects of corporate governance on capital structure, using the data of 145 small and medium-sized enterprises (SMEs) listed on the Taiwan Stock Exchange over the period 2000-2007. The results show that, when there is a high divergence between shareholdings and director...

Given the increasing concerns about the escalation in executive compensation, this study aims to provide new insights into the link between executive pay and firm performance by empirically testing for an inverse U-shaped relationship. For this purpose, we re-examine the relation using a...

This paper examines the effect of the degree of internationalization on capital structure for multinational corporations (MNCs) in Taiwan during the Asian financial crisis in 1997 by using dummy variables in a multiple regression analysis. The results show that: (1) For the IT industry, the...

type="main" xml:lang="en" <title type="main">Abstract</title> <p>The article examines the risk-taking behavior of property–liability insurers in the presence of risk-based capital regulation. An option pricing model is developed to evaluate the expected regulatory cost and predict a nonlinear relationship between...</p>

This study examines the extent to which regulatory forbearance can affect the fragility of U.S. property and liability (P/L) insurance firms. By using a split-population survival model, we find that the risk-based capital (RBC) ratio is inversely correlated with the resolution cost paid by...

This study evaluates a government-sponsored Excess-Of-Loss (XOL) Catastrophe (CAT) reinsurance contract using the financial option approach with extreme risk. We show that the Generalized Pareto Distribution (GPD), a Peak-Over-Threshold (POT) model, can properly depict the extreme losses from...

This paper examines the effectiveness of monitoring function from institutional investors on corporate hedging strategy in Taiwan over the period from 2005 to 2012. The empirical results show that institutional investors are effective monitors of corporate risk management to enhance the...