Concentration in the U.S. insurance industry’s market shares and ownership, coupled with a network interlocking ownership relationships by institutional investors, raise social concerns. Studying the relationship between Tobin’s q and corporate governance features of the industry, we fail to...

Concentration in the U.S. insurance industry's market shares and ownership, coupled with a network interlocking ownership relationships by institutional investors, raise social concerns. Studying the relationship between Tobin's q and corporate governance features of the industry, we fail to...

Despite fast growth in the past three decades, the Chinese insurance market is underdeveloped in terms of insurance density and penetration. In this study, we examine the cultural influence on insurance consumption in China and present evidence on the culture influence hypothesis. We find that...

We present a European call option that is defined on a pension annuity insurance contract. This option gives the holder of the contract the opportunity to buy a pension annuity benefit for a given (strike) price at the age of retirement or any other age. Thus instead of contributed monthly...