Purpose – The purpose of this study is to investigate interest rate sensitivity of the US property/liability (P/L) insurers stock returns using various return generating process models incorporating different interest rate changes such as actual interest rate changes, unexpected interest rate...

Purpose – The purpose of this study is two-fold. The first purpose is to properly measure the level of US property and liability (P/L) insurers liquidity creation, applying the liquidity creation measure developed by Berger and Bouwman. The second purpose is to identify factors affecting P/L...

This paper evaluates and compares the government reforms of current Roh government and the previous administration based on 7 success factors of a government reform. The Roh administration is doing a better job than the Kim administration in such areas as preparation for a reform, periodical...