政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/95558
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  全文筆數/總筆數 : 113325/144300 (79%)
造訪人次 : 51160751      線上人數 : 924
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜尋範圍 查詢小技巧：
  • 您可在西文檢索詞彙前後加上"雙引號"，以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋，建議至進階搜尋限定作者欄位，可獲得較完整資料
    •  進階搜尋


    請使用永久網址來引用或連結此文件: https://nccur.lib.nccu.edu.tw/handle/140.119/95558


    題名: 風險基礎資本制實施對壽險業資本與風險之影響
    The Impact of RBC on the Capital and Risk in the Life Insurance Industry
    作者: 郭純芳
    Kuo, Chun Fang
    貢獻者: 蔡政憲
    Tsai, Cheng Hsien
    郭純芳
    Kuo, Chun Fang
    關鍵詞: 壽險業
    資本結構
    風險基礎資本額制度
    life insurance industry
    capital structure
    risk-based capital
    日期: 2002
    上傳時間: 2016-05-09 16:30:59 (UTC+8)
    摘要: 　　行政院會於民國八十八年十二月十六日通過保險法修正草案，修正草案中針對強化之監理機制與增進保戶大眾之權益係以強化其資本適足性為其修法目標，所採之方法即建立風險基礎資本額制（Risk-based Capital, RBC）。而保險法修正案於民國九十年六月二十六日業已經立法院三讀通過，然RBC制度將於民國九十二年中實施。台灣保險監理機關的確有必要對於壽險公司之投資效率及經營上的安全作一考量，所以便引入美國監理關協會（National Association of Insurance Commissioners, NAIC）早於1993年便推動的風險基礎資本額制。
    　　本文檢視美國壽險業者在風險基礎資本額制實施後，其資本結構與資產風險是否產生顯著之變化，研究保險公司之冒險行為之增減，以作為台灣監理機關未來施行RBC制度的參考。然基於此，本文利用三階段最小平方法來分析壽險業者其風險、資本與風險基礎資本制度的關係，實證結果發現RBC ratio較高的業者在風險基礎資本額制實施後，雖然增加風險但也同時調高資本比率，另一方面，RBC ratio較低之保險公司不僅僅增加公司整體風險外，也降低資本比率。
    　　The risk-based capital requirements developed by the National Association of Insurance Commissioners (NAIC) were intended to raise the safety net for insurers and provide regulators with the authority to intervene when capital falls below a minimum standard of capital adequacy that is related to risk. The paper examines the simultaneous impact of RBC had on life insurer’s both capital and risk. We employed a three stage least squares (3SLS) model to analyze the relationship between life insurer’s capital, risk and the risk-based capital requirements. The results suggest that life insurers with lower RBC ratio would not only increase their capital ratio but also increase their company-wide risk. Besides, the life insurers with higher RBC ratio would reduce the capital ratio and increase the risk.
    參考文獻: Aggarwal, R. and K. T. Jacques, 2001, The Impact of FDICIA and Prompt Corrective Action on Bank Capital and Risk: Estimate Using A Simultaneous Equation Model, Journal of Banking and Finance, 25:1139-1160.
    Berens, J. L. and C. L. Cuny, 1995, The Capital Structure Puzzle Revisited, Review of Financial Studies, 8: 1185-1208.
    Blum, J., 1999, Do Capital Requirements Reduce Risks in Banking? Journal of Banking and Finance, 23: 755-771.
    Chang, C., 1992, Capital Structure as An Optimal Contract Between Employees and Investors, Journal of Finance, 47: 1141-1158.
    Cummins, J. D., S. E. Harrington, and R. W. Klein, 1995, Insolvency Experience, Risk-Based Capital, and Prompt Corrective Action in Property-Liability Insurance, Journal of Banking and Finance, 19: 511-527.
    Cummins, J. D, M. F. Grace, and R. D. Phillips, 1999, Regulatory Solvency Prediction in Property-Liability Insurance: Risk-Based Capital, Audit Ratios, and Cash-Flow Simulation, Journal of Risk and Insurance 66: 417-458.
    Cummins, J. D. and D. W. Sommer, 1996, Capital and Risk in Property-Liability Insurance Markets, Journal of Banking and Finance, 20: 1069-1092.
    Diamond, D.W., 1989, Reputation Acquisition in Debt market, Journal of Political Economy, 97: 828-862.
    Grace, M. F., S. E. Harrington, and R. W. Klein, 1998, Risk-Based Capital and Solvency Screening in Property-Liability Insurance: Hypotheses and Empirical Tests, Journal of Risk and Insurance, 65: 213-243.
    Guo, D. and R.A. Winter, 1997, The Capital Structure of Insurers: Theory and Evidence, Working Paper, Toronto University.
    Jacques, K. and P. Nigro, 1997, Risk-Based Capital, Portfolio Risk, and Bank Capital: A Simultaneous Equations Approach, Journal of Economics and Business, 49: 533-547.
    Mayers, D. and C.W. Smith, 1981, Contractual Provisions, Organizational Structure, and Conflict Control in Insurance Markets, Journal of Business, 54: 407-434.
    Mayers, D. and C.W. Smith, 1994, Managerial Discretion, Regulation, and Stock Insurer Ownership Structure, Journal of Risk and Insurance, 61: 638-655.
    Pottier, S.W. and D.W. Sommer, 1999, Property-Liability Insurer Financial Strength Ratings: Differences Across Rating Agencies, Journal of Risk and Insurance, 66: 621-642.
    Ravid, S. A. and O.H. Sarig, 1991, Financial Signalling by Committing to Cash Outflows, Journal of Financial and Quantitative Analysis, 26: 165-180.
    Regan, L., 1997, Vertical Integration in the Property-Liability Insurance Industry: A transaction Cost Approach, Journal of Risk & Insurance, 64: 41-62.
    Rime, B., 2001, Capital Requirements and Bank Behavior: Empirical Evidence for Switzerland, Journal of Banking and Finance, 25: 789-805.
    Shrieves R.E. and D. Dahl, 1992, The Relationship Between Risk and Capital in Commercial Banks, Journal of Banking and Finance, 16: 439-457.
    描述: 碩士
    國立政治大學
    風險管理與保險研究所
    89358018
    資料來源: http://thesis.lib.nccu.edu.tw/record/#A2010000349
    資料類型: thesis
    顯示於類別:[風險管理與保險學系] 學位論文

    文件中的檔案:

    檔案 大小格式瀏覽次數
    index.html0KbHTML2375檢視/開啟


    在政大典藏中所有的資料項目都受到原著作權保護.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回饋