東華大學圖書館 |

Language: English

Help

回圖書館首頁

手機版館藏查詢

Back

Switch To: Labeled | MARC Mode | ISBD

Essays in the economics of property-...

Liu, Zhen.

Linked to FindBook

Google Book

Amazon

博客來

Essays in the economics of property-liability insurance and life insurance industry.

Record Type:	Electronic resources : Monograph/item
Title/Author:	Essays in the economics of property-liability insurance and life insurance industry./
Author:	Liu, Zhen.
Description:	151 p.
Notes:	Source: Dissertation Abstracts International, Volume: 76-05(E), Section: A.
Contained By:	Dissertation Abstracts International76-05A(E).
Subject:	Business Administration, Management. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3671930
ISBN:	9781321491685

Essays in the economics of property-liability insurance and life insurance industry.
Liu, Zhen.

Essays in the economics of property-liability insurance and life insurance industry. - 151 p.

Source: Dissertation Abstracts International, Volume: 76-05(E), Section: A.

Thesis (Ph.D.)--Temple University, 2015.

This item must not be sold to any third party vendors.

The first part of the dissertation investigates cost experience in the US life and health insurance industry over the period 1998-2012. We generally test the difference in expenses among different distribution systems, which mainly consists of independent agency, broker, career agency, exclusive agency, and direct writing. We check to see if cost, revenue and profit efficiency differences are associated with different distribution methods. Cost, revenue, and profit efficiencies are estimated by Data Envelopment Analysis. Unlike the results in the property and liability insurance industry, the cost difference is insignificant among distribution systems. Results on cost efficiency and revenue efficiency support the market imperfection hypothesis, which says that the market imperfections such as entry barriers, price regulation, or search costs cause the coexistence of different distribution systems.

ISBN: 9781321491685Subjects--Topical Terms:

626628
Business Administration, Management.

Essays in the economics of property-liability insurance and life insurance industry.
LDR:02790nmm a2200301 4500 001 2056902
005 20150608133944.5
008 170521s2015 ||||||||||||||||| ||eng d
020 $a 9781321491685
035 $a (MiAaPQ)AAI3671930
035 $a AAI3671930
040 $a MiAaPQ $c MiAaPQ
100 1 $a Liu, Zhen. $3 900571
245 1 0 $a Essays in the economics of property-liability insurance and life insurance industry.
300 $a 151 p.
500 $a Source: Dissertation Abstracts International, Volume: 76-05(E), Section: A.
500 $a Adviser: J. David Cummins.
502 $a Thesis (Ph.D.)--Temple University, 2015.
506 $a This item must not be sold to any third party vendors.
520 $a The first part of the dissertation investigates cost experience in the US life and health insurance industry over the period 1998-2012. We generally test the difference in expenses among different distribution systems, which mainly consists of independent agency, broker, career agency, exclusive agency, and direct writing. We check to see if cost, revenue and profit efficiency differences are associated with different distribution methods. Cost, revenue, and profit efficiencies are estimated by Data Envelopment Analysis. Unlike the results in the property and liability insurance industry, the cost difference is insignificant among distribution systems. Results on cost efficiency and revenue efficiency support the market imperfection hypothesis, which says that the market imperfections such as entry barriers, price regulation, or search costs cause the coexistence of different distribution systems.
520 $a The second part of the dissertation examines the relationship between mergers and acquisitions (M&As), and underwriting cycles in the P-L insurance industry. In a soft market, capital is relatively high. This leads to an increase in the number of M&A transactions and the probability that managers conduct non-value-increasing M&As. We test this proposition by analyzing the associations between volumes of M&A deals, and returns associated with M&As and underwriting cycle. The results show that the numbers of M&As are negatively related with the premium rate changes and positively related with changes in the combined ratio. We also find that the cumulative abnormal returns around the announcement date of M&As are smaller for the shareholders of insurer acquirers in a soft market. Even more, we find that the market reaction of M&As is less sensitive to agency problems in a hard market than in a soft market.
590 $a School code: 0225.
650 4 $a Business Administration, Management. $3 626628
650 4 $a Economics, General. $3 1017424
690 $a 0454
690 $a 0501
710 2 $a Temple University. $b Business Administration/Risk Management and Insurance. $3 1682143
773 0 $t Dissertation Abstracts International $g 76-05A(E).
790 $a 0225
791 $a Ph.D.
792 $a 2015
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3671930