Organization structure and corporate demand for reinsurance : the case of the japanese Keiretsu

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<rdf:Description>
<dc:creator>Yanase, Noriyoshi</dc:creator>
<dc:creator>Limpaphayom, Piman</dc:creator>
<dc:date>2017-06-05</dc:date>
<dc:description xml:lang="es">Sumario: This study investigates the impact of organization structure on corporate demand for reinsurance. Previous research has shown that the unique corporate groupings in Japan known as the keiretsu have relatively low bankruptcy costs, low agency conflicts, low information asymmetry, and low effective taxes. These conditions should mitigate the benefits of reinsurance purchase. This conjecture is tested by examining demand for reinsurance of Japanese non-life insurance companies during 1974-2010. Consistent with the prediction, keiretsu non-life insurers have lower reinsurance purchase than independent non-life insurance companies. The effects of the keiretsu structure also receded when keiretsu groupings' power was weakened after the asset bubble burst and the breakdown of the convoy system in mid 1990s. Consistent with previous studies, Japanese mutual insurers also purchase more reinsurance than stock insurers.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/160700.do</dc:identifier>
<dc:language>spa</dc:language>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Estructura organizativa</dc:subject>
<dc:subject xml:lang="es">Reaseguro</dc:subject>
<dc:subject xml:lang="es">Seguros no vida</dc:subject>
<dc:subject xml:lang="es">Keiretsu</dc:subject>
<dc:subject xml:lang="es">Japón</dc:subject>
<dc:type xml:lang="es">Artículos y capítulos</dc:type>
<dc:title xml:lang="es">Organization structure and corporate demand for reinsurance : the case of the japanese Keiretsu</dc:title>
<dc:relation xml:lang="es">En: The Journal of risk and insurance. - Nueva York : The American Risk and Insurance Association, 1964- = ISSN 0022-4367. - 05/06/2017 Volumen 84 Número 2 - junio 2017 , p. 599-629</dc:relation>
<dc:coverage xml:lang="es">Japón</dc:coverage>
</rdf:Description>
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