Incentives for managing accounting information : property-liability insurer stock-charter conversions

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<rdf:Description>
<dc:creator>Mayers, David</dc:creator>
<dc:creator>Smith, Clifford W.</dc:creator>
<dc:date>2004-03-01</dc:date>
<dc:description xml:lang="es">Incentives to manage accounting information are examined within 63 property-liability insurance company conversion from mutual ownership to common stock charter. In the conversion process, policyholders'embedded equity claims must be valued. Since mutuals have no separately traded equity, accounting numbers are a critical imput in this valuation. Incentives for surplus management are across firms; the strongest evidence of surplus management is observed among firms where the mutual's executives become the firm's principal stockholders following conversion. The evidence suggests that converting firms manage accounting information primarily by adjusting liabilities and selectively establishing investment losses- not only altering claims settlement policy</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/57348.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Empresas de seguros</dc:subject>
<dc:subject xml:lang="es">Contabilidad</dc:subject>
<dc:subject xml:lang="es">Mutualidades de seguros</dc:subject>
<dc:subject xml:lang="es">Contabilidad de costes</dc:subject>
<dc:subject xml:lang="es">Seguro de daños patrimoniales</dc:subject>
<dc:subject xml:lang="es">Gestión financiera</dc:subject>
<dc:subject xml:lang="es">Administración de la empresa de seguros</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Incentives for managing accounting information : property-liability insurer stock-charter conversions</dc:title>
<dc:title xml:lang="es">Título: The Journal of risk and insurance</dc:title>
<dc:relation xml:lang="es">En: The Journal of risk and insurance. - Orlando. - Volume 71, number 1, March 2004 ;  p. 213-251</dc:relation>
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