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Do Insurers Use Internal Capital Markets to Manage Regulatory Scrutiny Risk?

Fier, Stephen G.; Liebenberg, Andre P. - 2023

Empirical evidence suggests that insurance groups allocate capital to members with better performance or growth … percent of insurers at risk of facing additional regulatory scrutiny due to failing four Insurance Regulatory Information …

Persistent link: https://www.econbiz.de/10014265395

A comparison of corporate governance and tax avoidance of UK and Japanese firms

Salhi, Bassem; Jabr, Jabr Al; Jarboui, Anis - In: Comparative economic research : Central and Eastern Europe 23 (2020) 3, pp. 111-132

The present study was designed to determine the relationship between corporate governance and tax avoidance in an international setting. Financial and governance data sourced from the Datastream database for a sample of Japanese and UK firms between 2012 and 2017 are used. First, we examine the...

Persistent link: https://www.econbiz.de/10012419206

Do Pivotal Politicians Benefit Constituent Companies?

Raina, Sahil; Xu, Sheng-Jun - 2022

We study how elected politicians who hold strong bargaining power due to their pivotal position in the legislative process use their leverage to benefit home district firms. U.S. senators from politically-centrist states possess greater political leverage than senators from politically-partisan...

Persistent link: https://www.econbiz.de/10013291118

Learning versus Diversification in Project Choice

Subramanian, Narayanan; Menon, Nidhiya - EconWPA - 2004

We study the issue of project choice when a risk-averse agent must choose whether to invest in two projects of the same type (focus) or of different types (diversification). Projects of the same type are subject to common type-specific shocks. Hence focusing is more risky within each period, but...

Persistent link: https://www.econbiz.de/10005407512

Does Corporate Diversification Provide Insurance Against Economic Disruptions?

Rahaman, Mohammad M. - 2019

Can the product diversification strategy of a firm provide a natural hedge against adverse economic conditions? We use a quasi-natural experiment to show that diversification attenuates the detrimental impact of unanticipated economic disruptions and enables diversified firms to invest more...

Persistent link: https://www.econbiz.de/10012859501

The effect of solvency regulations and accounting standards on long-term investing : implications for insurers and pension funds

Severinson, Clara; Yermo, Juan - 2012

This report reviews recent as well as planned changes to accounting and solvency regulations affecting insurers and pension funds and how they may impact long-term investing by these institutions. The review of existing evidence focuses mainly on the impact of risk-based solvency requirements,...

Persistent link: https://www.econbiz.de/10009684014

Use of an Internal Model in a General Insurance Company : Focus on Economic Capital Allocation

Zec, Nicolas - 2012

Capital allocation is an instrument for managing an insurance company. This is linked with three important fields of an … insurance company: pricing, risk management and performance management. It is a tool for strategic management so as to decide to … practical purposes. An application is proposed through an internal model approach, triggered by the frameworks of insurance …

Persistent link: https://www.econbiz.de/10013099390

Credit Lines as Monitored Liquidity Insurance : Theory and Evidence

Ippolito, Filippo - 2012

form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …

Persistent link: https://www.econbiz.de/10013105297

Credit Lines as Monitored Liquidity Insurance : Theory and Evidence

Acharya, Viral V. - 2013

Persistent link: https://www.econbiz.de/10013091385

Three Comments on Schmautz/Lampenius, Net Value Created : Measuring a Non-Life Insurer's Performance, ZVersWiss (2013), 237-255

Krotter, Simon - 2018

Created (NVC). The concept is then applied to an insurance company. We have two comments on the first part and one on the …

Persistent link: https://www.econbiz.de/10012924765