Risk, Capital, and Operating Efficiency: Evidence from Taiwan’s Life Insurance Market

Jin-Li Hu*, Hsueh E. Yu

*此作品的通信作者

研究成果: Article同行評審

8 引文 斯高帕斯(Scopus)

摘要

In this article, we investigate the relationships among risk, capital, and operating efficiency for Taiwanese life insurance companies from 2004 to 2009 by using the two-stage least-square approach. We find a positive relation between inefficiency and product risk. At the same time, efficient insurers are seen as taking higher asset risk than inefficient insurers. A contrasting finding also shows that the relationship between capital and product risk is positive, while the relationship between capital and asset risk is negative. Moreover, we present a negative relationship between inefficiency and capital level, indicating that well-capitalized insurers operate more efficiently than poorly capitalized insurers.

原文English
頁(從 - 到)S121-S132
頁數12
期刊Emerging Markets Finance and Trade
51
DOIs
出版狀態Published - 6 4月 2015

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