| LDR | | | 00000cab a2200000 4500 |
| 001 | | | MAP20140025053 |
| 003 | | | MAP |
| 005 | | | 20140715151933.0 |
| 008 | | | 140714e20140602esp|||p |0|||b|spa d |
| 040 | | | $aMAP$bspa$dMAP |
| 084 | | | $a7 |
| 100 | 1 | | $0MAPA20140011865$aLin, Wen-Chang |
| 245 | 1 | 4 | $aThe Relationship between regulatory pressure and insurer risk taking$cWen-Chang Lin, Yi-Hsun Lai, Michael R. Powers |
| 520 | | | $aThe article examines the risk-taking behavior of propertyliability insurers in the presence of risk-based capital regulation. An option pricing model is developed to evaluate the expected regulatory cost and predict a nonlinear relationship between regulatory pressure and insurers¿ risk taking. We then conduct an empirical test using the simultaneous threshold regression. The result shows that there is a threshold effect of regulatory pressure on insurer risk taking. Poorly capitalized insurers seem to be aware of their proximity to regulatory interventions but do not fully respond to the impending regulatory pressure. This implies either regulatory interventions are not costly enough or they are too late, or both. |
| 773 | 0 | | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g02/06/2014 Volumen 81 Número 2 - junio 2014 |
| 856 | | | $yMÁS INFORMACIÓN$umailto:centrodocumentacion@fundacionmapfre.org?subject=Consulta%20de%20una%20publicaci%C3%B3n%20&body=Necesito%20m%C3%A1s%20informaci%C3%B3n%20sobre%20este%20documento%3A%20%0A%0A%5Banote%20aqu%C3%AD%20el%20titulo%20completo%20del%20documento%20del%20que%20desea%20informaci%C3%B3n%20y%20nos%20pondremos%20en%20contacto%20con%20usted%5D%20%0A%0AGracias%20%0A |
