Corporate Risks and Property Insurance: Evidence From the People's Republic of China

Topics:
Insurance
Tags:
Business Operations,
Corporate Insurance,
Finance,
Financial Planning,
Insurance,
Property Insurance,
Risk,
University Of Wales Swansea
Source:
Swansea University

FREE Registration is required

Overview: Using panel data (1997-99) for 235 publicly listed companies in the People's Republic of China (PRC), this study tests empirically the linkage between corporate risks and the decision to purchase property insurance and its financial extent. To achieve these objectives, the paper first estimates a probit insurance participation decision model and then a fixed-effects insurance volume decision model with Heckman's sample selection correction. The results indicate that the managerial decision to purchase property insurance is positively related to company size and insolvency risks.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Size: 115KB | Date: Aug 2002 | Pages: 37

People who downloaded this item also downloaded

White Paper Reshaping the Business Model: How the Insurance Placement Process Will Be Redefined by Compliance
White Paper Stock Options and the Corporate Demand for Insurance
Case Study Case Study: HIH Insurance
White Paper The Property Insurance Market: 2004 Mid-Year Review
White Paper Insurance Distribution Channels: Markets in Transition

Top results from Insurance

White Paper How Should Unemployment Benefits Respond to the Business Cycle?
White Paper Consolidation and Efficiency in the Financial Sector: A Review of the International Evidence
White Paper Market Discipline in Banking Reconsidered: The Roles of Deposit Insurance Reform, Funding Manager Decisions and Bond Market Liquidity
White Paper Deposit Insurance, Bank Incentives, and the Design of Regulatory Policy
White Paper Getting a Handle on Disability Claims

» View all Insurance listings

advertisement
advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Returning users: Log In Here!

Already registered on BNET, TechRepublic, or ZDNet? Simply log in.

Free Membership: Sign Up Now!

Sign up for a free membership today and get instant and unlimited access to one of the largest databases of white papers, webcasts, and casestudies anywhere. Your FREE membership allows you to:

  • Download an unlimited amount of content, including classic and current white papers, case studies, webcasts and more
  • Track content on your chosen topics of interest
  • Receive targeted email alerts when your favorite content is added
  • Save content for future reading
  • Receive our member newsletter

When you register to access this directory, you become a member of BNET. In addition, you allow us to share your information with companies that produce products or services featured in the library--so that such companies may contact you with information and offers regarding their products and services. This enables us to keep the library a free service. As a directory registrant, you will receive a complimentary subscription to the BNET member newsletter, The BNET Report. You can unsubscribe from this newsletter at any time. By clicking the Sign up button, you indicate that you agree to our Terms and Conditions and have read and understand our Privacy Policy (updated).