메뉴 건너뛰기




Volumn 67, Issue 3, 2000, Pages 415-438

Regulatory free cash flow and the high cost of insurance company failures

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0041114526     PISSN: 00224367     EISSN: None     Source Type: Journal    
DOI: 10.2307/253836     Document Type: Article
Times cited : (9)

References (25)
  • 3
    • 0009237468 scopus 로고    scopus 로고
    • The merger or insolvency alternative in the insurance industry
    • BarNiv, Ran, and John Hathorn, 1997, The Merger or Insolvency Alternative in the Insurance Industry, Journal of Risk and Insurance, 64(1): 89-113.
    • (1997) Journal of Risk and Insurance , vol.64 , Issue.1 , pp. 89-113
    • BarNiv, R.1    Hathorn, J.2
  • 5
    • 0039177931 scopus 로고    scopus 로고
    • The costs of insurance company failures
    • David F. Bradford, ed., Chicago: The University of Chicago Press
    • Bohn, James G., and Brian J. Hall, 1998, The Costs of Insurance Company Failures, in: David F. Bradford, ed., The Economics of Property-Casualty Insurance (Chicago: The University of Chicago Press).
    • (1998) The Economics of Property-Casualty Insurance
    • Bohn, J.G.1    Hall, B.J.2
  • 6
    • 0039177918 scopus 로고    scopus 로고
    • The moral hazard of insuring the insurers
    • Kenneth A. Froot, ed., Chicago: The University of Chicago Press
    • Bohn, James G., and Brian J. Hall, 1999, The Moral Hazard of Insuring the Insurers, in: Kenneth A. Froot, ed., The Financing of Catastrophe Risk (Chicago: The University of Chicago Press).
    • (1999) The Financing of Catastrophe Risk
    • Bohn, J.G.1    Hall, B.J.2
  • 7
    • 0010845150 scopus 로고
    • Resolution costs and bank failures
    • Bovenzie, J., and A. Murton, 1988, Resolution Costs and Bank Failures, FDIC Banking Review, 1:1-13.
    • (1988) FDIC Banking Review , vol.1 , pp. 1-13
    • Bovenzie, J.1    Murton, A.2
  • 8
    • 0040362571 scopus 로고    scopus 로고
    • Introduction
    • David F. Bradford, ed., Chicago: The University of Chicago Press
    • Bradford, David, 1998, Introduction, in: David F. Bradford, ed., The Economics of Property-Casualty Insurance (Chicago: The University of Chicago Press).
    • (1998) The Economics of Property-Casualty Insurance
    • Bradford, D.1
  • 9
    • 84977727372 scopus 로고
    • Risk based premiums for insurance guarantee funds
    • Cummins, J. David, 1988, Risk Based Premiums for Insurance Guarantee Funds, Journal of Finance, 43: 823-839.
    • (1988) Journal of Finance , vol.43 , pp. 823-839
    • Cummins, J.D.1
  • 10
    • 0000598597 scopus 로고    scopus 로고
    • Monitoring, ownership, and risk-taking: The impact of guaranty funds
    • Downs, David H., and David W. Sommer, 1999, Monitoring, Ownership, and Risk-Taking: The Impact of Guaranty Funds, Journal of Risk and Insurance, 66(3): 477-497.
    • (1999) Journal of Risk and Insurance , vol.66 , Issue.3 , pp. 477-497
    • Downs, D.H.1    Sommer, D.W.2
  • 11
    • 0010828492 scopus 로고
    • Property-liability post assessment guarantee funds
    • Everett D. Randall, ed., Malvern, Pa: American Institute for CPCU
    • Duncan, M., 1987, Property-Liability Post Assessment Guarantee Funds, in: Everett D. Randall, ed., Issues in Insurance, 4th ed. (Malvern, Pa: American Institute for CPCU), 239-302.
    • (1987) Issues in Insurance, 4th Ed. , pp. 239-302
    • Duncan, M.1
  • 12
    • 0039177922 scopus 로고
    • Insurance guarantee funds: A reassessment
    • Epton, B., and R. Bixby, 1976, Insurance Guarantee Funds: A Reassessment, DePaul Law Review, 25: 227-263.
    • (1976) DePaul Law Review , vol.25 , pp. 227-263
    • Epton, B.1    Bixby, R.2
  • 13
    • 0031116780 scopus 로고    scopus 로고
    • Organizational form and risk taking in the savings and loan industry
    • Esty, Benjamin C., 1997, Organizational Form and Risk Taking in the Savings and Loan Industry, Journal of Financial Economics, 44(1): 25-55.
    • (1997) Journal of Financial Economics , vol.44 , Issue.1 , pp. 25-55
    • Esty, B.C.1
  • 14
    • 0040428385 scopus 로고    scopus 로고
    • The impact of contingent liability on commercial bank risk taking
    • Esty, Benjamin C., 1998, The Impact of Contingent Liability on Commercial Bank Risk Taking, Journal of Financial Economics, 47(2): 189-218.
    • (1998) Journal of Financial Economics , vol.47 , Issue.2 , pp. 189-218
    • Esty, B.C.1
  • 15
    • 21844488854 scopus 로고
    • Price cutting in property-liability insurance
    • Harrington, S. E., and Patricia 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
  • 16
    • 84977725920 scopus 로고
    • The losses realized in bank failures
    • James, Christopher, 1991, The Losses Realized in Bank Failures, Journal of Finance, 46: 1223-1242.
    • (1991) Journal of Finance , vol.46 , pp. 1223-1242
    • James, C.1
  • 17
    • 0001066475 scopus 로고
    • Agency costs of free cash flow, corporate finance and takeovers
    • papers and proceedings
    • Jensen, Michael C., 1986, Agency Costs of Free Cash Flow, Corporate Finance and Takeovers, American Economic Review, papers and proceedings, 323-329.
    • (1986) American Economic Review , pp. 323-329
    • Jensen, M.C.1
  • 18
    • 44649197264 scopus 로고
    • Theory of the firm, managerial behavior, agency costs and ownership structure
    • Jensen, Michael, and William Meckling, 1976, Theory of the Firm, Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics, 3: 29-58.
    • (1976) Journal of Financial Economics , vol.3 , pp. 29-58
    • Jensen, M.1    Meckling, W.2
  • 19
    • 0039770383 scopus 로고
    • Issues concerning insurance guaranty funds
    • June
    • Klein, Robert, 1992, Issues Concerning Insurance Guaranty Funds, Paper presented to the NAIC Guaranty Fund (EX4) Task Force, June.
    • (1992) NAIC Guaranty Fund (EX4) Task Force
    • Klein, R.1
  • 20
    • 0039177924 scopus 로고    scopus 로고
    • Transit receivership price tag high
    • May
    • McLeod, Douglas, 1998, Transit Receivership Price Tag High, Business Insurance, May 4; 1, 47-49
    • (1998) Business Insurance , vol.4 , Issue.1 , pp. 47-49
    • McLeod, D.1
  • 23
    • 0001026456 scopus 로고    scopus 로고
    • A survey of corporate governance
    • Shleifer, Andrei, and Robert W. Vishny, 1997, A Survey of Corporate Governance, Journal of Finance, 52: 737-783.
    • (1997) Journal of Finance , vol.52 , pp. 737-783
    • Shleifer, A.1    Vishny, R.W.2
  • 24
    • 0039177923 scopus 로고
    • Insurance failures extremely costly
    • September
    • Schachner, Michael, 1995, Insurance Failures Extremely Costly, Business Insurance, September 4, 28.
    • (1995) Business Insurance , vol.4 , pp. 28
    • Schachner, M.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.