We investigate the relationship between risk taking of life-health (LH) insurers and health (LH) insurers and stability of their institutional ownership within a simultaneous equation system model. Several results stability of their institutional ownership within a simultaneous equation system...

This research analyzes the performance of the Risk Based Capital (RBC) ratio and other variables in predicting insolvencies in the property-liability insurance industry during the period 1994 to 2008. This research contributes to the literature by analyzing a longer period of time than previous...

This study investigates how U.S. property-liability insurers changed their behavior response to the risk-based capital (RBC) requirements implemented in 1994. We posit that We posit that insurers may have acted to manage their operations and/or exploit anomalies in the RBC may have acted to...

This paper investigates the impact of the Gramm-Leach-Bliley Act (GLBA) on the insurance industries of developed countries. We find that the insurance industries of most of the developed countries in our sample have significant negative spillover effects from the GLBA. Further, we find that the...

This study constructs a theoretical model of household bargaining to explain the financial decision-making behavior of married couples. We empirically test our model using data from the 2000 Health and Retirement Study (HRS). The HRS is unique among national data sets in that it identifies the...

The incidence of deposit taxes has been connected to interesting questions in the theory of financial intermediation. Some researchers have found evidence supporting the notion that the deposits tax is borne by bank borrowers and that, therefore, bank loans are "unique." Other studies indicate...

Financial deregulation starting in the 1980s provided families both economic opportunities and risks. Rapidly increased mortgage, credit card and other debts are out of control among many families, which arguably caused the recent great recession. The purpose of this study is to describe...

Business incubation in Chile is still in its nascent stages, with approximately 20-25 incubators supported primarily by a coalition of government and universities. Chilean business incubators tend to capitalize on regional resource strengths and have a strategic focus on high growth, high...

We explore the effects of mandatory third-party review of mortgage contracts on the terms, availability, and performance of mortgage credit. Our study is based on a legislative pilot carried out by the State of Illinois in a selected set of zip codes in 2006. Mortgage applicants with low FICO...

We empirically investigate the role of host (U.S.) and home (Hong Kong) (HK) security market returns as common determinants of security returns for Chinese American Depository Receipts (ADRs) and their underlying H-shares. We also empirically determine the relation between return spread...