Organizational structure and performance : evidence from the nonlife insurance industry in Japan
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100 | 1 | $0MAPA20080048266$aLai, Gene C. | |
245 | 1 | 0 | $aOrganizational structure and performance$b: evidence from the nonlife insurance industry in Japan$cGene C. Lai, Piman Limpaphayom |
520 | 8 | $aThis study examines the impact of organizational structure on firm performance, incentive problems , and financial decisions in the Japanese nonlife (property-casualty) insurance industry. Stock companies that belong to one of six horizontal keiretsu groups have lower expenses and lower levels of free cash flow than independent stock and mutual insurance companies. Keiretsu insurers also have higher profitability and higher loss ratios than independent insurers. With a limited sample size , there is some evidence that mutual insurers have higher level of free cash flows , higher investment incomes, and lower financial leverage than their stock counterparts. Overall, empirical evidence suggest that each structure has its own comparative adventage | |
650 | 0 | 1 | $0MAPA20080590567$aEmpresas de seguros |
650 | 1 | 1 | $0MAPA20080539047$aJapón |
650 | 0 | 1 | $0MAPA20080610739$aEstructura organizativa |
650 | 1 | 1 | $0MAPA20080578879$aAnálisis empírico |
650 | 0 | 1 | $0MAPA20080573935$aSeguros no vida |
650 | 1 | 1 | $0MAPA20080586294$aMercado de seguros |
650 | 0 | 1 | $0MAPA20080562342$aEstadísticas |
700 | 1 | $0MAPA20080224059$aLimpaphayom, Piman | |
740 | 4 | $aThe Journal of risk and insurance | |
773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dOrlando$gVolume 70, number 4, December 2003 ; p.735-757 |