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Effects of risk management on cost efficiency and cost function of the U.S. Property and Liability Insurers

Recurso electrónico / electronic resource
MARC record
Tag12Value
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001  MAP20120010246
003  MAP
005  20120326103134.0
008  120313e20111201esp|||p |0|||b|spa d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎6
100  ‎$0‎MAPA20120008847‎$a‎Lin, Hong-Jen
24510‎$a‎Effects of risk management on cost efficiency and cost function of the U.S. Property and Liability Insurers‎$c‎Hong-Jen Lin, Min-Ming Wen, and Charles C. Yang
520  ‎$a‎This paperpts the one-step stochastic frotntier approach to investigate the impact of risk management tools of derivatives and reinsurance on cost efficency of U.S. property -liability insurance companies. The stochastic frontier approacha considers both the mean and variance of cost efficency. The sample includes both stock and mutual insurers. Among the findings, the cost function of the entire sample carries the concavity feature, and insurers tend to use financial derivatives for firm value creation
650 1‎$0‎MAPA20080602437‎$a‎Matemática del seguro
650 1‎$0‎MAPA20080627638‎$a‎Seguro de responsabilidad civil
650 1‎$0‎MAPA20080603182‎$a‎Productos financieros
650 1‎$0‎MAPA20080592806‎$a‎Productos derivados
650 1‎$0‎MAPA20080598532‎$a‎Provisiones técnicas
650 1‎$0‎MAPA20080586447‎$a‎Modelo estocástico
7001 ‎$0‎MAPA20100034507‎$a‎Wen, Min-Ming
700  ‎$0‎MAPA20100034262‎$a‎Yang, Charles C.
7730 ‎$w‎MAP20077000239‎$t‎North American actuarial journal‎$d‎Schaumburg : Society of Actuaries, 1997-‎$x‎1092-0277‎$g‎01/12/2011 Tomo 15 Número 4 - 2011