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    題名: 壽險公司資產負債管理對公司價值影響之硏究
    作者: 施淑芳
    貢獻者: 周國端
    施淑芳
    日期: 1997
    上傳時間: 2016-05-10 18:58:08 (UTC+8)
    摘要: 1980年代，由於利率自由化的衡擊，引發美國資本市場劇烈變革，在面對同業及其他金融機構如銀行或證券業者之競爭壓力下，壽險公司不僅在承保組合(underwriting portfolio)有明顯地改變，更採積極投資策略以獲取高收益。因此，資產負債管理始漸漸受到壽險公司之重視。事實上，市場自由競爭下，壽險公司承保業務獲利空間銳減，資金游離之情形嚴重，加上投資風險增高與賦稅制度之變革，面對總資金成本上揚之困境，壽險公司財務清償能力(solvency)實已堪慮。在保險市場混亂低迷之背景下，美國保險監督官(National Association of Insurance commissioner, NAIC)發展出風險基礎資本額(Risk-Based Capital)以強化過去預警系統在自有資本(surplus management)之缺失。
    參考文獻: 一、中文部份
    l 、中華民國八十四年度人壽保險業務統計年報，台北人壽保險商業同業公會編印?民國八十五年七月。
    2 、壽險簡訊第91 期, 台北人壽保險商業同業公會編印?氏國八十二年十二月。
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    4 、壽險簡訊第118 期，台北人壽保險商業同業公會編印?氏國八十五年三月。
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    6 、台灣壽險業個人壽險年度經驗死亡率及解約失效率研究報告，台北人壽保險商業同業公會編印，民國八十三年。
    7 、台灣壽險業個人壽險經驗蒐集、整理及經驗死亡率計算方法，台北人壽保險商業同業公會編印，民國八十三年。
    8 、台灣地區金融統計月報，中央銀行經濟研究處，民國八十二年七月、八月。
    9 、李忠錦，期間分析應用於壽險業資產負債管理之研究，國立政治大學保險研究所未出版碩士論文，民國八十一年六月。
    10、吳志遠，保險公司財務風險管理現金流量模擬模型及類神經網路之應用，國立台灣大學財務金融研究所未出版碩士論文，民國八十四年五月。
    11、吳家宏，免疫理論庭、用於壽險業資產負債管理之研究，國立政治大學保險研究所未出版碩士論文，民國八十四年六月。
    12、陳俊男，選擇權定價模式應用於衡量產險公司權益價值及破產機率之研究，國立政治大學保險研究所未出版碩士論文，民國七十九年六月。
    13、黃浩平，影響台灣上市公司益本比與市場價值因素之研究，國立政治大學企業管理研究所未出版碩士論文，民國八十五年六月。
    14、張國樑，台灣地區上市公司股權結構與公司價值關係之研究，國立中興大學企業管理研究所未出版碩士論文，民國八十三年六月。
    15 、楊蕉霙，所有權結構與公司價值間關係之研究，國立中山大學企業管理研究所未出版碩士論文，民國七十九年六月。
    16 、郭瑞基，公司成長機會現值與權益價值暨風險關係之研究，東吳大學會計研究所未出版碩士論文，民國七十九年六月。
    17 、徐瑞鴻，產物保險公司財務安全評估之研究，國立政治大學保險研究所未出版碩士論文，民國八十二年元月。
    18 、陳庭文，公司成長、融資政策與公司價值之相關性研究--以台灣地區上市製造業為例，私立大業工學院事業經營研究所未出版碩士論文，民國八十三年六月。
    19、鄭立仁，壽險業最適風險資本與現金流量模擬之比較研究，國立台灣大學財務金融學研究所未出版碩士論文，民國八十五年六月
    20 、蔡長興，人壽保險公司財務控制與公司價值之研究，逢甲統計與精算研究所未出版碩士論文，民國八十五年六月。

    二、英文部份
    (一)書籍
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    4. Forbes Stephen W. (l 995). Capital Managemen t in the Life Insurance Industry. LOMA Inc.
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    Academic Publisher.
    8. Managing Asset/Liabili ty Portfolios(l991). edi ted by Eliot P. Williams, CFA
    9. measuring Financial Performance In the Life Insurance
    Industry. (l992). LOMA Inc.
    10. Risk-Based Capital in the Life Insurance Industry. (l994). LOMA Inc.
    11. The Financial Dynamic of the Insurance Industry(1995)
    edited by Edward I. Altman & Irwin T. Vanderhoof, IL:Richard D. Irwin, Inc.
    12. The Revolution in Corporate Finance. (1992)., 2nd ed.,
    edited by Joel M. Stern & Donald H. Chew, Jr., Blackwell
    Pub1 ishers.
    13. Gart, Alan, David J. Nye, Connor M. Harrison & Robert J.
    Gibbons. (1994)., Insurance Company Finance and Investment,
    3rd ed., Insurance Institute of America.
    (二)期刊
    1. Best`s Review, "Best`s Insolveney Study Life/Health Insurers 1976-1991," Best`s Review L/H, June, 1992, pp. 18-24, 130-133.
    2. Babbel, David F. & Kim B. Staking. (1995) . "It Pays to
    Practice ALM, " Best Review.
    3. Callen, Jeffrey L. (1988). "Estimating the Cost of Equity
    Capital Using Tobin`s q, " The Engineering Economist, Vol. 33, No.4, (Summer), pp. 349-358.
    4. Charles, Funk N. (1996). "Putting together an ALM process And then using it, " ABA Banking Journal, Vol. 88, Iss. 6,
    (June), pp. 61-63.
    5. Clark, Myrtle W. (1993). "Entity Theory, Modern Capital
    Structure Theory, and the Distinction Between Debt and
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    Structure and Cost of Capital in the Property-Liability
    Insurance Industry," Insurance: Afathematics and Economics
    15, pp. 187-201.
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    10. Flannery, Mark J. & Christopher M. James (984) "The Effect of Interest Rate Changes on the Common Stock Returns of Financial Institutions," The Journal of Finance
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    Insurance Solvency, edi ted by J. D. Cummins & R. A. Derrig,
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    13. Gibson, Jack L. (1991). "Asset and Liability Modeling in
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    20. Kischunk, Richard K. (1995). "Risk-Based Liquidity,"
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    2l. Klein Robert W. (1995). "Solvency Monitoring of Insurance Companies: Regulator`s Role and Future Direction, " The Financial Dynamic of the Insurance Industry. edi ted by Edward 1. Altman & Irwin T. Vanderhoof, IL: Richard D. Irwin, Inc. , pp. 49-96.
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    25. Messmore, Thomas E. (1991). "Managing Surplus, " Afanaging Asset/Liability Partialios, edited by Eliot P. Williams, AIMR, pp. 38-45.
    26. Panning, William H. (1995). "Asset-Liability Management
    for a Going Concern", The Financial Dynamic of the
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    Vanderhoof, IRichard D. Irwin, Inc., pp. 257- 292.
    27. Shiu Elis S. W. (1993)., "Asset/ Liability Management: From Immunization to Option-Pricing Theory", Financial
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    30. Stevens, Jerry L. (1990). "Tobin`s q and the Structure-Performance Relationship: Comment, " The American Economic
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    描述: 碩士
    國立政治大學
    風險管理與保險研究所
    資料來源: http://thesis.lib.nccu.edu.tw/record/#G91NCCV4842012
    資料類型: thesis
    顯示於類別:[風險管理與保險學系] 學位論文

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