Local religious beliefs and insurance companies' risk-taking behaviour
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100 | $0MAPA20080648787$aBerry-Stölzle, Thomas R. | ||
245 | 1 | 0 | $aLocal religious beliefs and insurance companies' risk-taking behaviour$cThomas R. Berry-Stölzle, Jianren Xu |
520 | $aWe empirically examine the effect of local religious beliefs on the risk-taking behaviour of U.S. life insurers headquartered in that region. We distinguish between insurers that predominantly write annuities and insurers that predominantly write life insurance policies; the annuity business is relatively riskier than writing life insurance. Insurers headquartered in high-Catholic or low-Protestant areas are more likely to be annuity writers. Annuity writers located in high-Catholic or low-Protestant areas invest more in risky assets and exhibit higher investment return volatilities, as well as a higher volatility of their return on assets. Overall, our results suggest that local culture has significant influences on life insurers' behaviour | ||
650 | 4 | $0MAPA20080570590$aSeguro de vida | |
650 | 4 | $0MAPA20080548865$aReligión | |
650 | 4 | $0MAPA20080573614$aRenta vitalicia | |
650 | 4 | $0MAPA20080600402$aComportamiento social | |
651 | 1 | $0MAPA20080638337$aEstados Unidos | |
700 | 1 | $0MAPA20180001611$aXu, Jianren | |
773 | 0 | $wMAP20077100215$g04/04/2022 Volumen 47 Número 2 - abril 2022 , p. 242-278$x1018-5895$tGeneva papers on risk and insurance : issues and practice$dGeneva : The Geneva Association, 1976- |