메뉴 건너뛰기




Volumn 20, Issue 6, 1996, Pages 1069-1092

Capital and risk in property-liability insurance markets

Author keywords

Capital; Insolvency risk; Portfolio risk; Property liability insurance

Indexed keywords


EID: 0030191255     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/0378-4266(95)00044-5     Document Type: Article
Times cited : (181)

References (49)
  • 2
    • 0003067459 scopus 로고
    • A dynamic model of the transmission of price information in auto insurance markets
    • Berger, L. A., P.R. Kleindorfer and H. Kunreuther, 1989, A dynamic model of the transmission of price information in auto insurance markets, Journal of Risk and Insurance 56, 17-33.
    • (1989) Journal of Risk and Insurance , vol.56 , pp. 17-33
    • Berger, L.A.1    Kleindorfer, P.R.2    Kunreuther, H.3
  • 3
    • 84977737844 scopus 로고
    • Stock returns, real activity, and the trust question
    • Bittlingmayer, G.. 1992, Stock returns, real activity, and the trust question, Journal of Finance 47, 1701-1730.
    • (1992) Journal of Finance , vol.47 , pp. 1701-1730
    • Bittlingmayer, G.1
  • 4
    • 84977433670 scopus 로고
    • Federal deposit insurance, regulatory policy, and optimal bank capital
    • Buser, S.A., A.M. Chen and E.J. Kane, 1981, Federal deposit insurance, regulatory policy, and optimal bank capital, Journal of Finance 36, 51-60.
    • (1981) Journal of Finance , vol.36 , pp. 51-60
    • Buser, S.A.1    Chen, A.M.2    Kane, E.J.3
  • 6
    • 0003353364 scopus 로고
    • Getting the incentives right in the current deposit insurance system: Successes from the pre-FDIC era
    • J.R. Barth and R.D. Brumbaugh, eds., Harper Collins, New York
    • Calomiris, C.W., 1992, Getting the incentives right in the current deposit insurance system: Successes from the pre-FDIC era. in: J.R. Barth and R.D. Brumbaugh, eds., The reform of federal deposit insurance: Disciplining the government and protecting taxpayers (Harper Collins, New York) 13-35.
    • (1992) The Reform of Federal Deposit Insurance: Disciplining the Government and Protecting Taxpayers , pp. 13-35
    • Calomiris, C.W.1
  • 7
    • 84977727372 scopus 로고
    • Risk-based premiums for insurance guaranty funds
    • Cummins, J.D., 1988, Risk-based premiums for insurance guaranty funds, Journal of Finance 43, 823-839.
    • (1988) Journal of Finance , vol.43 , pp. 823-839
    • Cummins, J.D.1
  • 9
    • 0001284497 scopus 로고
    • A note on the relative efficiency of property-liability insurance distribution systems
    • Cummins, J.D. and J. VanDerhei, 1979, A note on the relative efficiency of property-liability insurance distribution systems, Bell Journal of Economics 10, 708-719.
    • (1979) Bell Journal of Economics , vol.10 , pp. 708-719
    • Cummins, J.D.1    VanDerhei, J.2
  • 10
    • 0011654367 scopus 로고
    • Risk-based capital requirements in property-liability insurance: A financial analysis of conceptual and measurement issues
    • E. Altman and I. Vanderhoof, eds., Irwin Professional Publishers, Homewood, IL
    • Cummins, J.D., S.E. Harrington and G. Niehaus, 1994, Risk-based capital requirements in property-liability insurance: A financial analysis of conceptual and measurement issues, in: E. Altman and I. Vanderhoof, eds., The future of the insurance industry (Irwin Professional Publishers, Homewood, IL).
    • (1994) The Future of the Insurance Industry
    • Cummins, J.D.1    Harrington, S.E.2    Niehaus, G.3
  • 11
    • 0039634058 scopus 로고
    • Insolvency experience, risk-based capital, and prompt corrective action in property-liability insurance
    • Cummins, J.D., S.E. Harrington and R. Klein, 1995, Insolvency experience, risk-based capital, and prompt corrective action in property-liability Insurance, Journal of Banking and Finance 19, 511-527.
    • (1995) Journal of Banking and Finance , vol.19 , pp. 511-527
    • Cummins, J.D.1    Harrington, S.E.2    Klein, R.3
  • 12
    • 38249016220 scopus 로고
    • The impact of regulation on bank equity infusions
    • Dahl, D. and R.E. Shrieves, 1990, The impact of regulation on bank equity infusions, Journal of Banking and Finance 14, 1209-1228.
    • (1990) Journal of Banking and Finance , vol.14 , pp. 1209-1228
    • Dahl, D.1    Shrieves, R.E.2
  • 13
    • 0000877802 scopus 로고
    • Adverse selection, private information, and lowballing in insurance markets
    • D'Arcy, S.P. and N.A. Doherty, 1991, Adverse selection, private information, and lowballing in insurance markets, Journal of Business 63, 145-164.
    • (1991) Journal of Business , vol.63 , pp. 145-164
    • D'Arcy, S.P.1    Doherty, N.A.2
  • 14
    • 0000237174 scopus 로고
    • The effects of closure policies on bank risk-taking
    • Davies, S.M. and D.A. McManus, 1991, The effects of closure policies on bank risk-taking, Journal of Banking and Finance 15, 917-938.
    • (1991) Journal of Banking and Finance , vol.15 , pp. 917-938
    • Davies, S.M.1    McManus, D.A.2
  • 15
    • 0001134664 scopus 로고
    • Regulation and the determination of bank capital changes: A note
    • Dietrich, J.K. and C. James, 1983, Regulation and the determination of bank capital changes: A note, Journal of Finance 38, 1651-58.
    • (1983) Journal of Finance , vol.38 , pp. 1651-1658
    • Dietrich, J.K.1    James, C.2
  • 16
    • 0001470966 scopus 로고
    • Price regulation in property-liability insurance: A contingent claims approach
    • Doherty, N.A. and J. Garven, 1986, Price regulation in property-liability insurance: A contingent claims approach, Journal of Finance 41, 1031-1050.
    • (1986) Journal of Finance , vol.41 , pp. 1031-1050
    • Doherty, N.A.1    Garven, J.2
  • 17
    • 84977707061 scopus 로고
    • Stock returns, expected returns, and real activity
    • Fama, E., 1990, Stock returns, expected returns, and real activity, Journal of Finance 4, 1089-1108.
    • (1990) Journal of Finance , vol.4 , pp. 1089-1108
    • Fama, E.1
  • 18
  • 19
    • 0011599820 scopus 로고
    • Pricing deposit insurance when the insurer measures bank risk with error
    • Flannery, M.J., 1991, Pricing deposit insurance when the insurer measures bank risk with error, Journal of Banking and Finance 15, 975-998.
    • (1991) Journal of Banking and Finance , vol.15 , pp. 975-998
    • Flannery, M.J.1
  • 22
    • 0001334521 scopus 로고
    • Asymmetric information and the new theory of the firm: Financial constraints and risk behavior
    • Greenwald, B.C. and J.E. Stiglitz, 1990, Asymmetric information and the new theory of the firm: Financial constraints and risk behavior, American Economic Review 80, 160-165.
    • (1990) American Economic Review , vol.80 , pp. 160-165
    • Greenwald, B.C.1    Stiglitz, J.E.2
  • 24
    • 21844488854 scopus 로고
    • Price cutting in property-liability insurance
    • Harrington, S.E. and P.M. Danzon, 1994, Price cutting in property-liability insurance, Journal of Business 67, 511-538.
    • (1994) Journal of Business , vol.67 , pp. 511-538
    • Harrington, S.E.1    Danzon, P.M.2
  • 25
    • 0001311350 scopus 로고
    • A regression-based methodology for solvency surveillance in the property-liability insurance industry
    • Harrington, S.E. and J.M. Nelson, 1986, A regression-based methodology for solvency surveillance in the property-liability insurance industry, Journal of Risk and Insurance 53, 583-605.
    • (1986) Journal of Risk and Insurance , vol.53 , pp. 583-605
    • Harrington, S.E.1    Nelson, J.M.2
  • 27
    • 38249019678 scopus 로고
    • A reexamination of mean-variance analysis of bank capital regulation
    • Keeley, M.C. and F.T. Furlong, 1990, A reexamination of mean-variance analysis of bank capital regulation, Journal of Banking and Finance 14, 69-84.
    • (1990) Journal of Banking and Finance , vol.14 , pp. 69-84
    • Keeley, M.C.1    Furlong, F.T.2
  • 31
    • 84944832729 scopus 로고
    • The bank capital decision: A time series cross-section analysis
    • Marcus, A.J., 1983, The bank capital decision: A time series cross-section analysis, Journal of Finance 38, 1217-1232.
    • (1983) Journal of Finance , vol.38 , pp. 1217-1232
    • Marcus, A.J.1
  • 32
    • 0001689706 scopus 로고
    • Contractual provisions, organizational structure, and conflict control
    • Mayers, D. and C.W. Smith, Jr., 1981, Contractual provisions, organizational structure, and conflict control, Journal of Business 54, 407-434.
    • (1981) Journal of Business , vol.54 , pp. 407-434
    • Mayers, D.1    Smith C.W., Jr.2
  • 33
    • 0001095412 scopus 로고
    • On the corporate demand for insurance
    • Mayers, D. and C.W. Smith, Jr., 1982, On the corporate demand for insurance, Journal of Business 55, 281-296.
    • (1982) Journal of Business , vol.55 , pp. 281-296
    • Mayers, D.1    Smith C.W., Jr.2
  • 34
    • 84934562851 scopus 로고
    • Ownership structure across lines of property-liability insurance
    • Mayers, D. and C.W. Smith, Jr., 1988, Ownership structure across lines of property-liability insurance, Journal of Law and Economics 31, 351-378.
    • (1988) Journal of Law and Economics , vol.31 , pp. 351-378
    • Mayers, D.1    Smith C.W., Jr.2
  • 35
    • 49449127434 scopus 로고
    • An analytic derivation of the cost of deposit insurance and loan guarantees
    • Merton, R.C., 1977, An analytic derivation of the cost of deposit insurance and loan guarantees, Journal of Banking and Finance 1, 3-11.
    • (1977) Journal of Banking and Finance , vol.1 , pp. 3-11
    • Merton, R.C.1
  • 37
    • 0000798565 scopus 로고
    • Regulatory influence on bank capital investment
    • Mingo, J.J., 1975, Regulatory influence on bank capital investment, Journal of Finance 30, 1111-1121.
    • (1975) Journal of Finance , vol.30 , pp. 1111-1121
    • Mingo, J.J.1
  • 38
    • 0000213521 scopus 로고
    • Solvency regulation in the property-liability insurance industry
    • Munch, P. and D. Smallwood, 1980, Solvency regulation in the property-liability insurance industry, Bell Journal of Economics 11, 261-279.
    • (1980) Bell Journal of Economics , vol.11 , pp. 261-279
    • Munch, P.1    Smallwood, D.2
  • 39
    • 0011651596 scopus 로고    scopus 로고
    • A transactions costs analysis of property-liability insurance distribution systems
    • in press
    • Regan, L., 1996, A transactions costs analysis of property-liability insurance distribution systems, Journal of Risk and Insurance, in press.
    • (1996) Journal of Risk and Insurance
    • Regan, L.1
  • 40
    • 38249025804 scopus 로고
    • Risk-based capital adequacy standards for a sample of 43 major banks
    • Ronn, E.I. and A.K.. Verma, 1989, Risk-based capital adequacy standards for a sample of 43 major banks, Journal of Banking and Finance 13, 21-29.
    • (1989) Journal of Banking and Finance , vol.13 , pp. 21-29
    • Ronn, E.I.1    Verma, A.K.2
  • 41
    • 0011533812 scopus 로고
    • Bankruptcy remote finance subsidiaries: The substantive consolidation issue
    • Sargent, P.C., 1989, Bankruptcy remote finance subsidiaries: The substantive consolidation issue, The Business Lawyer 44, 1223-1241.
    • (1989) The Business Lawyer , vol.44 , pp. 1223-1241
    • Sargent, P.C.1
  • 42
    • 84977738488 scopus 로고
    • Ownership structure, deregulation, and bank risk taking
    • Saunders, A., E. Strock and N.G. Travlos, 1990, Ownership structure, deregulation, and bank risk taking, Journal of Finance 45, 643-654.
    • (1990) Journal of Finance , vol.45 , pp. 643-654
    • Saunders, A.1    Strock, E.2    Travlos, N.G.3
  • 43
    • 0001431289 scopus 로고
    • Bank capital adequacy, deposit insurance and security values
    • Sharpe, W.F., 1978, Bank capital adequacy, deposit insurance and security values, Journal of Financial and Quantitative Analysis 13, 701-718.
    • (1978) Journal of Financial and Quantitative Analysis , vol.13 , pp. 701-718
    • Sharpe, W.F.1
  • 44
    • 38249015522 scopus 로고
    • The relationship between risk and capital in commercial banks
    • Shrieves, R.E. and D. Dahl, 1992, The relationship between risk and capital in commercial banks, Journal of Banking and Finance 16, 439-457.
    • (1992) Journal of Banking and Finance , vol.16 , pp. 439-457
    • Shrieves, R.E.1    Dahl, D.2
  • 47
    • 84911280931 scopus 로고
    • U.S. Government Printing Office, Washington, DC
    • United States, House of Representatives, Energy and Commerce Subcommittee on Oversight and Investigations, 1990, Failed promises (U.S. Government Printing Office, Washington, DC).
    • (1990) Failed Promises
  • 49
    • 0000095552 scopus 로고
    • A heteroscedasticity-consistent covariance matrix estimator and a direct test for heteroscedasticity
    • White, H., 1980, A heteroscedasticity-consistent covariance matrix estimator and a direct test for heteroscedasticity, Econometrica 48, 817-838.
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.