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This study examines the relation between incentives and risk taking for 466 insurer-year observations over 2006-2010. Our results show that independent director compensation is positively related to risk taking as is CEO compensation and institutional ownership. Besides dollar value and...
Persistent link: https://www.econbiz.de/10013059776
risk taking for 112 listed US insurance companies over 2003- 2010. Using OLS, system GMM and 3SLS, we find that board …
Persistent link: https://www.econbiz.de/10013084074
risk taking for 112 listed US insurance companies over 2003-2010. Using OLS, system GMM and 3SLS, we find that board …
Persistent link: https://www.econbiz.de/10013077148
We use data on households' deductible choices in auto and home insurance to estimate a structural model of risky choice …
Persistent link: https://www.econbiz.de/10009240654
European region reduces the regional GDP by 0.4%-0.6%; an average flood event in the U.S.A reduces the personal income by 0 ….3%-0.4%. Mandatory insurance regimes in Europe absorb the negative short-run effect of a flood, while the National Flood Insurance … Program (NFIP) in the U.S.A. mitigate the effects of a flood by about 50%. The results provide empirical foundation for the …
Persistent link: https://www.econbiz.de/10009731161
We use data on insurance deductible choices to estimate a structural model of risky choice that incorporates "standard …
Persistent link: https://www.econbiz.de/10009621724
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011689937
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a substantial mortgage lender. In fact, ten years...
Persistent link: https://www.econbiz.de/10011705347
own interpretation of the lessons to be learned. In particular, they focus on six key issues: (i) deposit insurance, (ii … from the three failures focus on the design of deposit insurance, the need for an institutional architecture that reduces … in line with the contribution of Eisenbeis and Kaufman, she stresses the problems linked to deposit insurance …
Persistent link: https://www.econbiz.de/10004982519
We analyze an initiative by insurance regulators to reform capital regulations for mortgage-backed securities (MBS) by …
Persistent link: https://www.econbiz.de/10012856865