On the corporate demand for insurance: The case of Korean nonfinancial firms

Journal of Risk and Insurance

Volumn 74, Issue 4, 2007, Pages 829-850

  Regan, Laureen ^a   Hur, Yeon ^b  

^a TEMPLE UNIVERSITY   (United States)

^b Chung Ang University   (South Korea)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 36248999992     PISSN: 00224367     EISSN: 15396975     Source Type: Journal    
DOI: 10.1111/j.1539-6975.2007.00236.x     Document Type: Article

References (36)

1. Beck, P. M., 1998, Revitalizing Korea's Chaebol, Asian Survey, 11 : 1018 1035.
2. Chan, L., and J. Lakonishok, 1993, Institutional Trades and Intraday Stock Price Behaviour, Journal of Financial Economics, 33 : 173 199.
3. Chan, L., and J. Lakonishok, 1995, The Behaviour of Stock Prices Around Institutional Trades, Journal of Finance, 50 : 713 735.
4. Chan, L., and J. Lakonishok, 1997, Institutional Equity Trading Costs: NYSE Versus Nasdaq, Journal of Finance, 52 : 1147 1174.
5. Chang, C. S., and N. J. Chang, 1994, The Korean Management System (Westport, CT : Greenwood Publishing Group).
6. Core, J. E., 1997, On the Corporate Demand for Directors' and Officers' Liability Insurance, The Journal of Risk and Insurance, 64 : 63 87.
7. Garven, J. R., and R. D. MacMinn, 1993, The Underinvestment Problem, Bond Covenants, and Insurance, The Journal of Risk and Insurance, 60 : 635 646.
8. Gillian, S. L., and L. T. Starks, 2003, Corporate Governance, Corporate Ownership, and the Role of Institutional Investors: A Global Perspective, Journal of Applied Finance, 13 : 4 22.
9. Grace, M. F., and M. J. Rebello, 1993, Financing and the Demand for Corporate Insurance, Geneva Papers on Risk and Insurance Theory, 18 : 147 172.
10. Greene, William H., 1993, Econometric Analysis (Upper Saddle River, NJ : Prentice Hall).
11. Grillet, L., 1992, Corporate Insurance and Corporate Stakeholders, Journal of Insurance Regulation, 11 : 233 251.
12. Grossman, S., and O. Hart, 1980, Take-Over Bids, the Free-Rider Problem, and the Theory of the Corporation, Bell Journal of Economics, 11 : 42 64.
13. Gul, F. A., and B. T. Kealey, 1999, Chaebol, Investment Opportunity Set and Corporate Debt and Dividend Policies of Korean Companies, Review of Quantitative Finance and Accounting, 13 : 401 416.
14. Han, L.-M., 1996, Managerial Compensation and Corporate Demand for Insurance, The Journal of Risk and Insurance, 63 (3 381 404.
15. Hartwig, R., 2003, 2002 Year End Results, Insurance Information Institute, http://www.iii.org/media/industry/financials/2002yearend/
16. Hoyt, R., and H. Khang, 2000, On the Demand for Corporate Property Insurance, Journal of Risk and Insurance, 67 : 91 107.
17. Krauss, A., and H. R. Stoll, 1972, Price Impacts of Block Trading on the New York Stock Exchange, Journal of Finance, 27 : 569 588.
18. KOTRA, 2004, http://www.kotra.or.kr/eng/file/sub2_1.jsp, May 15, 2004.
19. Krueger, A. O., and J. Yoo, 2001, Chaebol Capitalism and the Currency-Financial Crisis in Korea, Korea NBER Conference Paper.
20. La Porta, R. L., F. Lopez-de-Silanes, and A. Shleifer, 1999, Corporate Ownership Around the World, The Journal of Finance, 54 : 471 517.
21. Lindgren, C.-J., T. J. T. Baliño, C. Enoch, A.-M. Gulde, M. Quintyn, and L. Teo, 1999, Financial Sector Crisis and Restructuring: Lessons From Asia, IMF Occasional Paper 188 (Washington, DC : International Monetary Fund).
22. MacMinn, R D., 1987, Insurance and Corporate Risk Management, The Journal of Risk and Insurance, 54 : 658 677.
23. Main, B. G. M., 1982, Business Insurance and Large, Widely-Held Corporations, The Geneva Papers on Risk and Insurance, 7 : 237 247.
24. Main, B. G. M., 1983, Corporate Insurance Purchases and Taxes, The Journal of Risk and Insurance, 50 : 197 223.
25. Mayers, D., and C. W. Smith, 1982, On the Corporate Demand for Insurance, Journal of Business, 55 : 281 296.
26. Mayers, D., and C. W. Smith, 1987, Corporate Insurance and the Underinvestment Problem, The Journal of Risk and Insurance, 54 : 45 54.
27. Mayers, D., and C. W. Smith, 1990, On the Corporate Demand for Insurance: Evidence From the Reinsurance Market, Journal of Business, 63 : 19 40.
28. Myers, S. C., 1977, Determinants of Corporate Borrowing, Journal of Financial Economics, 5 : 147 175.
29. Nam, Il. C., 2004, Corporate Governance in the Republic of Korea and Its Implications for Firm Performance, Asia Development Bank Institute, Discussion Paper http://www.adbi.org/discussion-paper/2004/07/14/448.korean.corporate. governance/ (Accessed July 22, 2005).
30. Park, J., 2003, Governance of and by Institutional Investors, 5th Annual Roundtable on Capital Market Reform in Asia, Organization for Economic Development and Cooperation, http://www.oecd.org/dataoecd/24/44/19388822.pdf (Accessed September 10, 2006).
31. Shleifer, A., and R. W. Vishny, 1997, A Survey of Corporate Governance, The Journal of Finance, 52 : 737 783.
32. Smith, C. W., Jr., 1986, On the Convergence of Insurance and Finance Research, The Journal of Risk and Insurance, 53 : 693 717.
33. Swiss Re, 2003, World Insurance in 2002: High Premium Growth in Non-life Insurance, SIGMA, 8.
34. Webb, B. L., A. L. Flitner, and J. Trupin, 1996, Commercial Insurance (Malvern, PA : Insurance Institute of America).
35. Yamori, N., 1999, An Empirical Investigation of the Japanese Corporate Demand for Insurance, The Journal of Risk and Insurance, 66 : 239 252.
36. Zou, H., M. B. Adams, and M. J. Buckle, 2003, Corporate Risks and Property Insurance: Evidence From the People's Republic of China, The Journal of Risk and Insurance, 70 : 289 314.