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Title:	保險業之資本結構 Determinants of Capital Structure in the Insurance Industry
Authors:	陳盈君 Chen, Ying-Chun
Contributors:	蔡政憲 Tsai, Cheng-Hsien 陳盈君 Chen, Ying-Chun
Keywords:	資本結構槓桿比例壽險業 Capital structure Leverage Life insurance
Date:	2001
Issue Date:	2016-04-18 16:28:44 (UTC+8)
Abstract:	本篇論文目的在檢視壽險業資本結構的影響因素，樣本為美國壽險公司。金融及保險市場的特殊性質會造成保險公司有動機去調整控制資本結構與資產風險，以維持公司失卻清償能力的風險在適當的範圍內。我們的實證結果中顯示槓桿比率與資產風險的負向關係的確存在於美國壽險業當中。 This study examines the capital structure determinants of life insurance companies in U.S. The decision of capital structure in insurance industry should be a joint decision of capital structure and firm risk. Insurers have incentive to keep firm risk within a safe range, due to the special features in the insurance markets. We find evidence supporting the negative relationship between leverage ratio and firm risk, suggesting that insurers will balance risk and leverage to keep the insolvency risk within a desired range.
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Description:	碩士國立政治大學風險管理與保險研究所 88358011
Source URI:	http://thesis.lib.nccu.edu.tw/record/#A2002001469
Data Type:	thesis
Appears in Collections:	[Department of Risk Management and Insurance] Theses

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