Regulations and soundness of insurance firms: International evidence
This paper provides the first cross-country study on the association between firms' soundness and regulatory policies in the insurance industry. Measuring solvency with an accounting based measure of distance to default, namely the Z-score, we find that the power of the supervisory authorities,...
Gespeichert in:
| Veröffentlicht in: | Journal of business research 2013-05, Vol.66 (5), p.632-642 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 642 |
|---|---|
| container_issue | 5 |
| container_start_page | 632 |
| container_title | Journal of business research |
| container_volume | 66 |
| creator | Pasiouras, Fotios Gaganis, Chrysovalantis |
| description | This paper provides the first cross-country study on the association between firms' soundness and regulatory policies in the insurance industry. Measuring solvency with an accounting based measure of distance to default, namely the Z-score, we find that the power of the supervisory authorities, and regulations related to both technical provisions and investments have an impact on soundness that is robust to controls for firm-specific and country-specific factors. In contrast, corporate governance and internal control rules do not influence soundness. Similarly, capital requirements do not appear to have a robust impact on soundness. |
| doi_str_mv | 10.1016/j.jbusres.2012.09.023 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_1355851827</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>S0148296312002603</els_id><sourcerecordid>2919507701</sourcerecordid><originalsourceid>FETCH-LOGICAL-c401t-f0188710235586a3ab5daec04102bbf91101195b0a8e10f687348e3af4acc9883</originalsourceid><addsrcrecordid>eNqFkE1LxDAQhoMouK7-BKHgxUvrTD-2qReR9WthQRA9hzSdSEo3XZN2wX9v6u7Ji6fA5JmXdx7GLhESBFzctElbj96RT1LANIEqgTQ7YjPkZRaXVcmP2Qww53FaLbJTduZ9CwApAJ-xhzf6HDs5mN76SNom8v1oG0veR72OjPWjk1ZRpI3b-NtoZQdy9heXXUQ701D4PWcnWnaeLg7vnH08Pb4vX-L16_Nqeb-OVQ44xBqQ8xJDuaLgC5nJumgkKcjDqK51heEarIoaJCcEvQj1c06Z1LlUquI8m7Prfe7W9V8j-UFsjFfUddJSP3qBU3CBPC0DevUHbfsxNO8mCkNwWmIWqGJPKdf7YFCLrTMb6b4FgpjcilYc3IrJrYBKhPph726_R-HanSEnvDKTicY4UoNoevNPwg-FDYRD</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1317342713</pqid></control><display><type>article</type><title>Regulations and soundness of insurance firms: International evidence</title><source>Elsevier ScienceDirect Journals</source><creator>Pasiouras, Fotios ; Gaganis, Chrysovalantis</creator><creatorcontrib>Pasiouras, Fotios ; Gaganis, Chrysovalantis</creatorcontrib><description>This paper provides the first cross-country study on the association between firms' soundness and regulatory policies in the insurance industry. Measuring solvency with an accounting based measure of distance to default, namely the Z-score, we find that the power of the supervisory authorities, and regulations related to both technical provisions and investments have an impact on soundness that is robust to controls for firm-specific and country-specific factors. In contrast, corporate governance and internal control rules do not influence soundness. Similarly, capital requirements do not appear to have a robust impact on soundness.</description><identifier>ISSN: 0148-2963</identifier><identifier>EISSN: 1873-7978</identifier><identifier>DOI: 10.1016/j.jbusres.2012.09.023</identifier><language>eng</language><publisher>New York: Elsevier Inc</publisher><subject>Accounting ; Business investment ; Capital requirements ; Corporate governance ; Cross-national analysis ; Impact analysis ; Insolvency ; Insurance ; Insurance companies ; Insurance industry ; Regulations ; Regulatory policy ; Solvency ; Soundness ; Studies</subject><ispartof>Journal of business research, 2013-05, Vol.66 (5), p.632-642</ispartof><rights>2012 Elsevier Inc.</rights><rights>Copyright Elsevier Sequoia S.A. May 2013</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c401t-f0188710235586a3ab5daec04102bbf91101195b0a8e10f687348e3af4acc9883</citedby><cites>FETCH-LOGICAL-c401t-f0188710235586a3ab5daec04102bbf91101195b0a8e10f687348e3af4acc9883</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://dx.doi.org/10.1016/j.jbusres.2012.09.023$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,3536,27903,27904,45974</link.rule.ids></links><search><creatorcontrib>Pasiouras, Fotios</creatorcontrib><creatorcontrib>Gaganis, Chrysovalantis</creatorcontrib><title>Regulations and soundness of insurance firms: International evidence</title><title>Journal of business research</title><description>This paper provides the first cross-country study on the association between firms' soundness and regulatory policies in the insurance industry. Measuring solvency with an accounting based measure of distance to default, namely the Z-score, we find that the power of the supervisory authorities, and regulations related to both technical provisions and investments have an impact on soundness that is robust to controls for firm-specific and country-specific factors. In contrast, corporate governance and internal control rules do not influence soundness. Similarly, capital requirements do not appear to have a robust impact on soundness.</description><subject>Accounting</subject><subject>Business investment</subject><subject>Capital requirements</subject><subject>Corporate governance</subject><subject>Cross-national analysis</subject><subject>Impact analysis</subject><subject>Insolvency</subject><subject>Insurance</subject><subject>Insurance companies</subject><subject>Insurance industry</subject><subject>Regulations</subject><subject>Regulatory policy</subject><subject>Solvency</subject><subject>Soundness</subject><subject>Studies</subject><issn>0148-2963</issn><issn>1873-7978</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2013</creationdate><recordtype>article</recordtype><recordid>eNqFkE1LxDAQhoMouK7-BKHgxUvrTD-2qReR9WthQRA9hzSdSEo3XZN2wX9v6u7Ji6fA5JmXdx7GLhESBFzctElbj96RT1LANIEqgTQ7YjPkZRaXVcmP2Qww53FaLbJTduZ9CwApAJ-xhzf6HDs5mN76SNom8v1oG0veR72OjPWjk1ZRpI3b-NtoZQdy9heXXUQ701D4PWcnWnaeLg7vnH08Pb4vX-L16_Nqeb-OVQ44xBqQ8xJDuaLgC5nJumgkKcjDqK51heEarIoaJCcEvQj1c06Z1LlUquI8m7Prfe7W9V8j-UFsjFfUddJSP3qBU3CBPC0DevUHbfsxNO8mCkNwWmIWqGJPKdf7YFCLrTMb6b4FgpjcilYc3IrJrYBKhPph726_R-HanSEnvDKTicY4UoNoevNPwg-FDYRD</recordid><startdate>20130501</startdate><enddate>20130501</enddate><creator>Pasiouras, Fotios</creator><creator>Gaganis, Chrysovalantis</creator><general>Elsevier Inc</general><general>Elsevier Sequoia S.A</general><scope>AAYXX</scope><scope>CITATION</scope><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20130501</creationdate><title>Regulations and soundness of insurance firms: International evidence</title><author>Pasiouras, Fotios ; Gaganis, Chrysovalantis</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c401t-f0188710235586a3ab5daec04102bbf91101195b0a8e10f687348e3af4acc9883</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2013</creationdate><topic>Accounting</topic><topic>Business investment</topic><topic>Capital requirements</topic><topic>Corporate governance</topic><topic>Cross-national analysis</topic><topic>Impact analysis</topic><topic>Insolvency</topic><topic>Insurance</topic><topic>Insurance companies</topic><topic>Insurance industry</topic><topic>Regulations</topic><topic>Regulatory policy</topic><topic>Solvency</topic><topic>Soundness</topic><topic>Studies</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Pasiouras, Fotios</creatorcontrib><creatorcontrib>Gaganis, Chrysovalantis</creatorcontrib><collection>CrossRef</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Journal of business research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Pasiouras, Fotios</au><au>Gaganis, Chrysovalantis</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Regulations and soundness of insurance firms: International evidence</atitle><jtitle>Journal of business research</jtitle><date>2013-05-01</date><risdate>2013</risdate><volume>66</volume><issue>5</issue><spage>632</spage><epage>642</epage><pages>632-642</pages><issn>0148-2963</issn><eissn>1873-7978</eissn><abstract>This paper provides the first cross-country study on the association between firms' soundness and regulatory policies in the insurance industry. Measuring solvency with an accounting based measure of distance to default, namely the Z-score, we find that the power of the supervisory authorities, and regulations related to both technical provisions and investments have an impact on soundness that is robust to controls for firm-specific and country-specific factors. In contrast, corporate governance and internal control rules do not influence soundness. Similarly, capital requirements do not appear to have a robust impact on soundness.</abstract><cop>New York</cop><pub>Elsevier Inc</pub><doi>10.1016/j.jbusres.2012.09.023</doi><tpages>11</tpages></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0148-2963 |
| ispartof | Journal of business research, 2013-05, Vol.66 (5), p.632-642 |
| issn | 0148-2963 1873-7978 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_1355851827 |
| source | Elsevier ScienceDirect Journals |
| subjects | Accounting Business investment Capital requirements Corporate governance Cross-national analysis Impact analysis Insolvency Insurance Insurance companies Insurance industry Regulations Regulatory policy Solvency Soundness Studies |
| title | Regulations and soundness of insurance firms: International evidence |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-22T09%3A20%3A57IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Regulations%20and%20soundness%20of%20insurance%20firms:%20International%20evidence&rft.jtitle=Journal%20of%20business%20research&rft.au=Pasiouras,%20Fotios&rft.date=2013-05-01&rft.volume=66&rft.issue=5&rft.spage=632&rft.epage=642&rft.pages=632-642&rft.issn=0148-2963&rft.eissn=1873-7978&rft_id=info:doi/10.1016/j.jbusres.2012.09.023&rft_dat=%3Cproquest_cross%3E2919507701%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1317342713&rft_id=info:pmid/&rft_els_id=S0148296312002603&rfr_iscdi=true |