نتائج البحث - "交易关系"

Relation: Essay 1:\nAdams, M., 1995, Balance Sheet Structure and the Managerial‐Discretion Hypothesis: An Exploratory Empirical Study of New Zealand Life Insurance Companies, Accounting & Finance, 35(1): 21-45.\nAdams, M., B. Burton, and P. Hardwick, 2003, The Determinants of Credit Ratings in the United Kingdom Insurance Industry, Journal of Business Finance & Accounting, 30(3‐4): 539-572.\nAdams, M., and W. Jiang, 2016, Do Outside Directors Influence the Financial Performance of Risk-trading Firms? Evidence from the United Kingdom (UK) Insurance Industry, Journal of Banking & Finance, 64: 36-51.\nAdams, M., V. Upreti, and J. Chen, 2019, Product-market Strategy and Underwriting Performance in the United Kingdom’s Property–casualty Insurance Market, The European Journal of Finance, 25(11): 1012-1031.\nAltuntas, M., J. Garven, and J. Rauch, 2018, On the Corporate Demand for Insurance: Evidence from the Global Reinsurance Market, Risk Management and Insurance Review, 21(2): 211-242.\nAnand, V., J. Tyler Leverty, and K. Wunder, 2020, Paying for Expertise: The Effect of Experience on Insurance Demand, Journal of Risk and Insurance, 1-30.\nAndreou, C. K., P. C. Andreou, and N. Lambertides, 2021, Financial Distress Risk and Stock Price Crashes, Journal of Corporate Finance, 67: 101870.\nArellano, M., and S. Bond, 1991, Some Tests of Specification for Panel Data: Monte Carlo Evidence and An Application to Employment Equations, The Review of Economic Studies, 58(2): 277-297.\nBerry‐Stölzle, T. R., and P. Born, 2012, The Effect of Regulation on Insurance Pricing: the Case of Germany, Journal of Risk and Insurance, 79(1): 129-164.\nBerry‐Stölzle, T. R., A. P. Liebenberg, J. S. Ruhland, and D. W. Sommer, 2012, Determinants of Corporate Diversification: Evidence from the Property–liability Insurance Industry, Journal of Risk and Insurance, 79(2): 381-413.\nBharath, S. T., S. Dahiya, A. Saunders, and A. Srinivasan, 2011, Lending Relationships and Loan Contract Terms, The Review of Financial Studies, 24(4): 1141-1203.\nBlundell, R., and S. Bond, 1998, Initial Conditions and Moment Restrictions in Dynamic Panel Data Models, Journal of Econometrics, 87(1): 115-143.\nBoot, A.W., 2000, Relationship Banking: What Do We Know?, Journal of Financial Intermediation, 9(1): 7–25.\nBoyer, M. M., E. Jacquier, and S. Van Norden, 2012, Are Underwriting Cycles Real and Forecastable?, Journal of Risk and Insurance, 79(4): 995-1015.\nBrowne, M. J., and T. Zhou-Richter, 2014, Lemons or Cherries? Asymmetric Information in the German Private Long-term Care Insurance Market, The Geneva Papers, 39: 603-624.\nChang, V. Y., 2019, Does Reinsurance Purchasing Enhance Insurers’ Competitiveness? Evidence from the US property–liability Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 44(4): 595-623.\nChang, V. Y., and V. S. Jeng, 2016, The Relationship Among the Demand for Reinsurance, Liquidity, and Leverage in the US Property-Liability Insurance Industry, Taiwan Economic Review, 44(4): 543-576.\nChe, X., and A. P. Liebenberg, 2017, Effects of Business Diversification on Asset Risk-taking: Evidence from the US Property-liability Insurance Industry, Journal of Banking and Finance, 77: 122-136.\nChen, J. H., and Y. M. Shiu, 2020a, Does Asymmetric Information Exist in the Reinsurance Markets of Taiwan? Applying Quantile Regression and Natural-Experiment Method, Management Review, 39: 123-140.\nChen, J. H., and Y. M. Shiu, 2020b, Does Asymmetric Information Exist in Taiwanese Fire Reinsurance Markets? Taiwan Insurance Review, 36(1): 1-26.\nCheng, J., and M. A. Weiss, 2012, The Role of RBC, Hurricane Exposure, Bond Portfolio Duration, and Macroeconomic and Industry‐wide Factors in Property–Liability Insolvency Prediction, Journal of Risk and Insurance, 79(3): 723-750.\nCohen, A., 2005, Asymmetric Information and Learning: Evidence from the Automobile Insurance Market, Review of Economics and statistics, 87(2): 197-207.\nCohen, A., and P. Siegelman, 2010, Testing for Adverse Selection in Insurance Markets, Journal of Risk and Insurance, 77(1): 39-84.\nCohen, A., 2012, Asymmetric Learning in Repeated Contracting: An Empirical Study, Review of Economics and Statistics, 94(2): 419-432.\nCole, C. R., and K. A. McCullough, 2006, A Reexamination of the Corporate Demand for Reinsurance, Journal of Risk and Insurance, 73(1): 169-192.\nCooper, R., and B. Hayes, 1987, Multi-period Insurance Contracts, International Journal of Industrial Organization, 5(2): 211-231.\nCummins, J. D., G. Dionne, R. Gagné, and A. Nouira, 2021, The Costs and Benefits of Reinsurance, The Geneva Papers on Risk and Insurance-Issues and Practice, 46(2): 177-199.\nCummins, J. D., and J. F. Outreville, 1992, An International Analysis of Underwriting Cycles in Property-liability Insurance. In: Dionne G., Harrington S.E. (eds) Foundations of Insurance Economics. Huebner International Series on Risk, Insurance and Economic Security, 14. Springer, Dordrecht.\nCummins, J. D., M. A. Weiss, and H. Zi, 1999, Organizational Form and Efficiency: The Coexistence of Stock and Mutual Property-liability Insurers, Management Science, 45(9): 1254-1269.\nCummins, J. D., and H. Zi, 1998, Comparison of Frontier Efficiency Methods: An Application to the US Life Insurance Industry, Journal of Productivity Analysis, 10(2): 131-152.\nDardanoni, V., A. Forcina, and P. L. Donni, 2018, Testing for Asymmetric Information in Insurance Markets: A Multivariate Ordered Regression Approach, Journal of Risk and Insurance, 85(1): 107-125.\nde Garidel-Thoron, T., 2005, Welfare-improving Asymmetric Information in Dynamic Insurance Markets, Journal of Political Economy, 113(1): 121-150.\nDell`Ariccia, G., E. Friedman, and R. Marquez, 1999, Adverse Selection as a Barrier to Entry in the Banking Industry, The RAND Journal of Economics, 515-534.\nDionne, G., and N. A. Doherty, 1994, Adverse Selection, Commitment, and Renegotiation: Extension to and Evidence from Insurance Markets, Journal of Political Economy, 102(2): 209-235.\nDoherty, N. A., and S. M. Tinic, 1981, Reinsurance under Conditions of Capital Market Equilibrium: A Note, Journal of Finance, 36: 949–953.\nDoherty, N., and K. Smetters, 2005, Moral Hazard in Reinsurance Markets, Journal of Risk and Insurance, 72(3): 375-391.\nDonker, H., A. Ng, and P. Shao, 2020, Borrower Distress and the Efficiency of Relationship Banking, Journal of Banking & Finance, 112: 105275.\nEling, M., R. Jia, and Y. Yao, 2017, Between‐Group Adverse Selection: Evidence from Group Critical Illness Insurance, Journal of Risk and Insurance, 84(2): 771-809.\nFarah, T., J. Li, Z. Li, and A. Shamsuddin, 2021, The Non-linear Effect of CSR on Firms’ Systematic Risk: International Evidence, Journal of International Financial Markets, Institutions and Money, 71, 101288.\nFrank, M. Z., and V. K. Goyal, 2009, Capital Structure Decisions: Which Factors Are Reliably Important?, Financial Management, 38(1): 1-37.\nFroot, K. A, 2007, Risk Management, Capital Budgeting, and Capital Structure Policy for Insurers and Reinsurers, Journal of Risk and Insurance, 74(2): 273-299.\nFroot, K. A., and P. G. O’Connell, 2008, On the Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance, Journal of Banking & Finance: 32(1): 69-85.\nGarven, J. R., J. I. Hilliard, and M. F. Grace, 2014, Adverse Selection in Reinsurance Markets, The Geneva Risk and Insurance Review, 39(2): 222-253.\nGao, F., M. R. Powers, and J. Wang, 2017, Decomposing Asymmetric Information in China`s Automobile Insurance Market, Journal of Risk and Insurance, 84(4): 1269-1293.\nGéczy, C., B. A. Minton, and C. Schrand, 1997, Why Firms Use Currency Derivatives, Journal of Finance, 52(4): 1323-1354.\nGiroud, X., and H. M. Mueller, 2010, Does Corporate Governance Matter in Competitive Industries?, Journal of Financial Economics, 95(3): 312-331.\nGravelle, H., 1994, Remunerating Information Providers: Commissions Versus Fees in Life Insurance, Journal of Risk and Insurance, 425-457.\nHarrington, S. E., and T. Yu, 2003, Do Property‐Casualty Insurance Underwriting Margins Have Unit Roots?, Journal of Risk and Insurance, 70(4): 715-733.\nHardwick, P., M. Adams, and H. Zou, 2011, Board Characteristics and Profit Efficiency in the United Kingdom Life Insurance Industry, Journal of Business Finance & Accounting, 38(7‐8): 987-1015.\nHe, J., R. Rejesus, X. Zheng, and J. Yorobe Jr, 2018, Advantageous Selection in Crop Insurance: Theory and Evidence, Journal of Agricultural Economics, 69(3): 646-668.\nHendershott, T., D. Li, D. Livdan, and N. Schürhoff, 2020, Relationship Trading in Over‐the‐Counter Markets, The Journal of Finance, 75(2): 683-734.\nHo, C. L., 2017, CEO Turnover and Reinsurance Demand in the U.S. Property Casualty Insurance Industry, NTU Management Review, 245-288.\nHsu, W. Y., Y. Huang, and G. Lai, 2015, Corporate Governance and Cash Holdings: Evidence from the US property–liability Insurance Industry, Journal of Risk and Insurance, 82(3): 715-748.\nHuang, L. Y., G. C. Lai, E. Lu, and M. McNamara, 2020, Auditor Quality, Audit Fees, Organizational Structure, and Risk Taking in the US life insurance industry, Risk Management and Insurance Review, 23(2): 151-182.\nInsurance Research Council, 1991, Adequacy of Motor Vehicle Records in Evaluating Driver Performance (Malvern, PA: Insurance Research Council).\nIoannidou, V. and S. Ongena, 2010, “Time for A Change”: Loan Conditions and Bank Behavior when Firms Switch Banks, The Journal of Finance, 65(5): 1847-1877.\nJean-Baptiste, E. L., and A. M. Santomero, 2000, The Design of Private Reinsurance Contracts, Journal of Financial Intermediation, 9(3): 274-297.\nKennedy, P., 1998, A Guide to Econometrics. fourth ed. Blackwell Publishers.\nKlein, R. W., 2013, Insurance Market Regulation: Catastrophe Risk, Competition, and Systemic Risk. In Handbook of insurance (pp. 909-939). Springer, New York, NY.\nKofman, P., and G. P. Nini, 2013, Do Insurance Companies Possess an Informational Monopoly? Empirical Evidence from Auto Insurance, Journal of Risk and Insurance, 80(4): 1001-1026.\nKunreuther, H., and M. Pauly, 1985, Market Equilibrium with Private Knowledge. In: Dionne G., Harrington S.E. (eds) Foundations of Insurance Economics. Huebner International Series on Risk, Insurance and Economic Security, vol 14. Springer, Dordrecht.\nKysucky, V., and L. Norden, 2016, The Benefits of Relationship Lending in a Cross-country Context: A Meta-analysis, Management Science, 62(1): 90-110.\nLai, G. C., and P. Limpaphayom, 2003, Organizational Structure and Performance: Evidence from the Nonlife Insurance Industry in Japan, Journal of Risk and Insurance, 70(4): 735-757.\nLaing, D., 1994, Involuntary Layoffs in a Model with Asymmetric Information Concerning Worker Ability, The Review of Economic Studies, 61(2): 375-392.\nLamm-Tennant, J., and L. T. Starks, 1993, Stock versus Mutual Ownership Structures: the Risk Implications, Journal of Business, 29-46.\nLin, C., M. S. Officer, and H. Zou, 2011, Directors` and Officers` Liability Insurance and Acquisition Outcomes, Journal of Financial Economics, 102(3): 507-525.\nLind J. T., and H. Mehlum, 2010, With or without U? The Appropriate Test for a U-shaped Relationship, Oxford Bulletin of Economics and Statistics, 72(1): 109–118.\nLiu, H. H., Y. M. Shiu, and T. C. Liu, 2016, Reinsurance and Liquidity: Evidence from the United Kingdom General Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 41(2): 307-324.\nMa, Y. L., and Y. Ren, 2021, Insurer Risk and Performance Before, During, and After the 2008 Financial Crisis: The Role of Monitoring Institutional Ownership, Journal of Risk and Insurance, 88(2): 351-380.\nMankai, S., and A. Belgacem, 2016, Interactions between Risk Taking, Capital, and Reinsurance for Property–liability Insurance Firms, Journal of Risk and Insurance, 83(4): 1007-1043.\nMarvel, H. P., 1982, Exclusive Dealing, The Journal of Law and Economics, 25(1): 1-25.\nModigliani, F., and M. H. Miller, 1958, The Cost of Capital, Corporation Finance and the Theory of Investment, American Economic Review, 48(3): 261-297.\nNilssen, T., 2000, Consumer Lock-in With Asymmetric Information, International Journal of Industrial Organization, 18(4): 641-666.\nOlivella, P., and M. Vera‐Hernández, 2013, Testing for Asymmetric Information in Private Health Insurance, The Economic Journal, 123(567): 96-130.\nPark, S. C., X. Xie, and P. Rui, 2019, The Sensitivity of Reinsurance Demand to Counterparty Risk: Evidence from the US Property–liability Insurance Industry, Journal of Risk and Insurance, 86(4): 915-946.\nPetersen, M. A., and R. Raghuram, 1994, The Benefit of Lender Relationships: Evidence from Small Business Data, Journal of Finance, 49: 3–37.\nPlantin, G., 2006, Does Reinsurance Need Reinsurers?, Journal of Risk and Insurance, 73(1): 153-168.\nPooser, D. M., and M. J. Browne, 2018, The Effects of Customer Satisfaction on Company Profitability: Evidence from the Property and Casualty Insurance Industry, Risk Management and Insurance Review, 21(2): 289-308.\nPottier, S. W., and D. W. Sommer, 1997, Agency Theory and Life Insurer Ownership Structure, Journal of Risk and Insurance, 529-543.\nPowell, L. S., D. W. Sommer, and D. L. Eckles, 2008, The Role of Internal Capital Markets in Financial Intermediaries: Evidence from Insurer Groups, Journal of Risk and Insurance, 75(2): 439-461.\nRothschild, M., and J. Stiglitz, 1976, Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information, The Quarterly Journal of Economics, 90(4): 629-649.\nSerafeim, G., 2011, Consequences and Institutional Determinants of Unregulated Corporate Financial Statements: Evidence from Embedded Value Reporting, Journal of Accounting Research, 49(2): 529-571.\nSheikh, S., A. M. Syed, and S. S. A. Shah, 2018, Corporate Reinsurance Utilisation and Capital Structure: Evidence from Pakistan Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 43(2): 300-334.\nShi, P., and W. Zhang, 2016, A Test of Asymmetric Learning in Competitive Insurance with Partial Information Sharing, Journal of Risk and Insurance, 83(3): 557-578.\nShim, J., 2017, An Investigation of Market Concentration and Financial Stability in Property–liability Insurance Industry, Journal of Risk and Insurance, 84(2): 567-597.\nShiu, Y. M., 2011, Reinsurance and Capital Structure: Evidence from the United Kingdom Non‐life Insurance Industry, Journal of Risk and Insurance, 78(2): 475-494.\nShiu, Y. M., 2016, Is Reinsurance a Substitute for or a Complement to Derivative Usage? Evidence from the UK non-life Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 41(1): 161-178.\nSonnenholzner, M., S. Friese, and J. M. G. v. d. Schulenburg, 2009, Reinsurance Brokers and Advice Quality: Is There A Need for Regulation?, The Geneva Risk and Insurance Review, 34(1): 20-46.\nSpindler, M., 2015, Asymmetric Information in (Private) Accident Insurance, Economics Letters, 130: 85-88.\nUpreti, V., and M. Adams, 2015, The Strategic Role of Reinsurance in the United Kingdom’s (UK) Non-life Insurance Market, Journal of Banking & Finance, 61: 206-219.\nVeprauskaite, E., and M. B. Adams, 2018, Leverage and Reinsurance Effects on Loss Reserves in the United Kingdom’s Property–casualty Insurance Industry, Accounting and Business Research, 48(4): 373-399.\nYan, Z., 2013, Testing for Moral Hazard in Reinsurance Markets, Managerial Finance, 39(8): 696-713.\nYan, Z., and L. Hong, 2015, Testing for Asymmetric Information in Reinsurance markets, The Geneva Papers on Risk and Insurance-Issues and Practice, 40(1): 29-46.\nYanase, N., and P. Limpaphayom, 2017, Organization Structure and Corporate Demand for Reinsurance: The Case of the Japanese Keiretsu, Journal of Risk and Insurance, 84(2): 599-629.\nWang, K. C., J. L. Peng, Y. Y. Sun, and Y. C. Chang, 2011, The Asymmetric Information Problem in Taiwan`s Cancer Insurance Market, The Geneva Risk and Insurance Review, 36(2): 202-219.\nWarner, J. B., 1977, Bankruptcy Costs: Some Evidence, Journal of Finance, 32: 337-348.\nWooldridge, J. M., 2016, Introductory Econometrics: A Modern Approach, 4th ed. Canada: South-Western Cengage Learning.\nWu, C. S. P., and H. Lin, 2009, Large Scale Analysis of Persistency and Renewal Discounts for Property and Casualty Insurance, CAS E-Forum, Winter: 396-408. Available at https://www.casact.org/pubs/forum/09wforum/.\n\nEssay 2:\nAdam, T., S. Dasgupta, and S. Titman, 2007, Financial Constraints, Competition, and Hedging in Industry Equilibrium, The Journal of Finance, 62(5): 2445-2473.\nAdams, M., and W. Jiang, 2016, Do Outside Directors Influence the Financial Performance of Risk-trading Firms? Evidence from the United Kingdom (UK) insurance industry, Journal of Banking & Finance, 64: 36-51.\nAggarwal, R. K., and A. A. Samwick, 2003, Why Do Managers Diversify Their Firms? Agency Reconsidered, Journal of Finance, 58: 71-118.\nAi, J., V. Bajtelsmit, and T. Wang, 2018, The Combined Effect of Enterprise Risk Management and Diversification on Property and Casualty Insurer Performance, Journal of Risk and Insurance, 85(2): 513-543.\nAkerlof, G. A, 1978, The Market for “Lemons”: Quality Uncertainty and the Market Mechanism, In Uncertainty in Economics (pp. 235-251). Academic Press.\nAltuntas, M., J. Garven, and J. Rauch, 2018, On the Corporate Demand for Insurance: Evidence from the Global Reinsurance Market, Risk Management and Insurance Review, 21(2): 211-242.\nAltuntas, M., and G. Gößmann, 2016, The Relationship between Home Market Performance and Internationalization Decisions: Evidence from German Insurance Groups, Risk Management and Insurance Review, 19(1): 37-71.\nAmihud, Y., and B. Lev, 1981, Risk Reduction as a Managerial Motive for Conglomerate Mergers, The Bell Journal of Economics, 605-617.\nAnand, V., J. Tyler Leverty, and K. Wunder, 2020, Paying for Expertise: The Effect of Experience on Insurance Demand, Journal of Risk and Insurance, 1-30.\nAndreou, C. K., P. C. Andreou, and N. Lambertides, 2021, Financial Distress Risk and Stock Price Crashes, Journal of Corporate Finance, 67: 101870.\nAndreou, P. C., Philip, D., and P. Robejsek, 2016, Bank Liquidity Creation and Risk‐taking: Does Managerial Ability Matter?. Journal of Business Finance & Accounting, 43(1-2): 226-259.\nBaranoff, E., and T. Sager, 2003, The Relations among Organizational and Distribution Forms and Capital and Asset Risk Structures in the Life Insurance Industry, Journal of Risk and Insurance, 70(3): 375-400.\nBerger, A. N., and C. H. Bouwman, 2013, How Does Capital Affect Bank Performance During Financial Crises?, Journal of Financial Economics, 109(1): 146-176.\nBerger, A. N., J. D. Cummins, M. A. Weiss, and H. Zi, 2000, Conglomeration versus Strategic Focus: Evidence from the Insurance Industry, Journal of Financial Intermediation, 9(4): 323-362.\nBerry‐Stölzle, T. R., R. E. Hoyt, and S. Wende, 2013, Capital Market Development, Competition, Property Rights, and the Value of Insurer Product‐line Diversification: A Cross‐country Analysis, Journal of Risk and Insurance, 80(2): 423-459.\nBerry‐Stölzle, T. R., A. P. Liebenberg, J. S. Ruhland, and D. W. Sommer, 2012, Determinants of Corporate Diversification: Evidence from the Property–liability Insurance Industry, Journal of Risk and Insurance, 79(2): 381-413.\nBest’s Review, 2000, Higginbotham Goes Online in Merger With Insure Zone, 101(2): 152.\nBharath, S. T., S. Dahiya, A. Saunders, and A. Srinivasan, 2011, Lending Relationships and Loan Contract Terms, The Review of Financial Studies, 24(4): 1141-1203.\nBolton, P., and D. S. Scharfstein, 1990, A Theory of Predation Based on Agency Problems in Financial Contracting, American Economic Review, 80(1): 93–106.\nBoot, A. W., and A. Schmeits, 2000, Market Discipline and Incentive Problems in Conglomerate Firms with Applications to Banking, Journal of Financial Intermediation, 9(3): 240-273.\nBoyer, M. M., & T. Dupont-Courtade, 2015, The Structure of Reinsurance Contracts, The Geneva Papers on Risk and Insurance-Issues and Practice, 40(3): 474-492.\nBrowne, M. J., and T. Zhou-Richter, 2014, Lemons or Cherries? Asymmetric Information in the German Private Long-term Care Insurance Market, The Geneva Papers, 39: 603-624.\nCampello, M., C. Lin, Y. Ma, and H. Zou, 2011, The Real and Financial Implications of Corporate Hedging, The Journal of Finance, 66(5): 1615-1647.\nCaporale, G. M., M. Cerrato, and X. Zhang, 2017, Analysing the Determinants of Insolvency Risk for General Insurance Firms in the UK, Journal of Banking & Finance, 84: 107-122.\nChang, V. Y., 2019, Does Reinsurance Purchasing Enhance Insurers’ Competitiveness? Evidence from the US Property–liability Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 44(4): 595-623.\nChe, X., 2019, Insurance Market Competition and Reserve Management, Journal of Insurance Issues, 42(2): 1-38.\nChe, X., S. G. Fier, and A. P. Liebenberg, 2019, The Effect of Predation Risk on Cash Holdings: Empirical Evidence from the US Property‐liability Insurance Industry, Risk Management and Insurance Review, 22(3): 329-358.\nChe, X., and A. P. Liebenberg, 2017, Effects of Business Diversification on Asset Risk-taking: Evidence from the US Property-liability Insurance Industry, Journal of Banking & Finance, 77: 122-136.\nChen J. H., S. C. Chang, and Y. M. Shiu, 2021, Risk-based Capital Regime Adoption and Underwriting Performance: Evidence from the Property-Casualty Insurance Industry in Taiwan, Review of Securities and Futures Markets, 33(3): 83-119.\nChen, J. H., and Y. M. Shiu, 2020a, Does Asymmetric Information Exist in the Reinsurance Markets of Taiwan? Applying Quantile Regression and Natural-Experiment Method, Management Review, 39(1): 123-140.\nChen, J. H., and Y. M. Shiu, 2020b, Does Asymmetric Information Exist in Taiwanese Fire Reinsurance Markets? Taiwan Insurance Review, 36(1): 1-26.\nChiang, C. C., 2020, Does Having an Affiliated Bank Improve Life Insurer Performance in a Turbulent Market?, Journal of Risk and Insurance, 87(3): 627-664.\nCohen, A., 2012, Asymmetric Learning in Repeated Contracting: An Empirical Study, Review of Economics and Statistics, 94(2): 419-432.\nCohen, A., and P. Siegelman, 2010, Testing for Adverse Selection in Insurance Markets, Journal of Risk and Insurance, 77(1): 39-84.\nCole, C. R., and K. A. McCullough, 2006, A Reexamination of the Corporate Demand for Reinsurance, Journal of Risk and Insurance, 73(1): 169-192.\nCummins, J. D., M. A. Weiss, X. Xie, and H. Zi, 2010, Economies of Scope in Financial Services: A DEA Efficiency Analysis of the US insurance Industry, Journal of Banking & Finance, 34(7): 1525-1539.\nCummins, J. D., M. A. Weiss, and H. Zi, 2003, Economies of Scope in Financial Services: A Dea Bootstrapping Analysis of the U.S. Insurance Industry, Working paper, Wharton Financial Institutions Center.\nCutler, D. M., 1994, Market Failure in Small Group Health Insurance, NBER Working Paper No. 4879.\nde Garidel-Thoron, T., 2005, Welfare-improving Asymmetric Information in Dynamic Insurance Markets, Journal of Political Economy, 113: 121–150.\nDe Haan, L., and J. Kakes, 2010, Are Non-risk Based Capital Requirements for Insurance Companies Binding?, Journal of Banking and Finance, 34, 1618–1627.\nDionne, G., and C. Rothschild, 2014, Economic Effects of Risk Classification Bans, The Geneva Risk and Insurance Review, 39(2): 184-221.\nDoherty, N. A., and J. Lamm‐Tennant, 2009, Lessons from the Financial Crisis on Risk and Capital Management: The Case of Insurance Companies, Journal of Applied Corporate Finance, 21(4): 52-59.\nDoherty, N., and K. Smetters, 2005, Moral Hazard in Reinsurance Markets, Journal of Risk and Insurance, 72(3): 375-391.\nDoherty, N. A., and S. M. Tinic, 1981, Reinsurance under Conditions of Capital Market Equilibrium: A Note, Journal of Finance, 36: 949–953.\nDonker, H., A. Ng, and P. Shao, 2020, Borrower Distress and the Efficiency of Relationship Banking, Journal of Banking & Finance, 112: 105275.\nElango, B., Y. L. Ma, and N. Pope, 2008, An Investigation into the Diversification–performance Relationship in the US Property–liability Insurance Industry, Journal of Risk and Insurance, 75(3): 567-591.\nEling, M., R. Jia, and Y. Yao, 2017, Between‐Group Adverse Selection: Evidence from Group Critical Illness Insurance, Journal of Risk and Insurance, 84(2): 771-809.\nEling, M., and M. Luhnen, 2010, Efficiency in the International Insurance Industry: A Cross-country Comparison, Journal of Banking & Finance, 34(7): 1497–1509.\nEling, M., and S. D. Marek, 2014, Corporate Governance and Risk Taking: Evidence from the UK and German Insurance Markets, Journal of Risk and Insurance, 81(3): 653-682.\nFan, J. P., J. Huang, F. Oberholzer-Gee, and M. Zhao, 2020, Bureaucrats as Managers and Their Roles in Corporate Diversification, Journal of Corporate Finance, 63, 101171.\nFinkelstein, A., and J. Poterba, 2004, Adverse Selection in Insurance Markets: Policyholder Evidence from the UK Annuity Market, Journal of Political Economy, 112(1): 183-208.\nFrank, M. Z., and V. K. Goyal, 2009, Capital Structure Decisions: Which Factors are Reliably Important?, Financial Management, 38(1): 1-37.\nFresard, L., 2010, Financial Strength and Product Market Behavior: The Real Effects of Corporate Cash Holdings, Journal of Finance, 65(3): 1097-1122.\nFroot, K. A., and P. G. O’Connell, 2008, On the Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance, Journal of Banking & Finance, 32(1): 69-85.\nGao, F., M. R. Powers, and J. Wang, 2017, Decomposing Asymmetric Information in China`s Automobile Insurance Market, Journal of Risk and Insurance, 84(4): 1269-1293.\nGarven, J. R., J. I. Hilliard, and M. F. Grace, 2014, Adverse Selection in Reinsurance Markets, The Geneva Risk and Insurance Review, 39(2): 222-253.\nGéczy, C., B. A. Minton, and C. Schrand, 1997, Why Firms Use Currency Derivatives, Journal of Finance, 52(4): 1323-1354.\nGiroud, X., and H. M. Mueller, 2010, Does Corporate Governance Matter in Competitive Industries? Journal of Financial Economics, 95(3): 312–331.\nGravelle, H., 1994, Remunerating Information Providers: Commissions Versus Fees in Life Insurance, Journal of Risk and Insurance, 425-457.\nHe, D., 2009, The Life Insurance Market: Asymmetric Information Revisited, Journal of Public Economics, 93(9-10): 1090-1097.\nHe, J., R. Rejesus, X. Zheng, and J. Yorobe Jr, 2018, Advantageous Selection in Crop Insurance: Theory and Evidence, Journal of Agricultural Economics, 69(3): 646-668.\nHicks, J. R. 1935, Annual Survey of Economic Theory: The Theory of Monopoly, Econometrica, 3(1): 1–20.\nHoerger, T. J., F. A. Sloan, M. Hassan, 1990, Loss Volatility, Bankruptcy, and the Demand for Reinsurance, Journal of Risk and Uncertainty, 53, 221–245.\nHoyt, R. E., and J. S. Trieschmann, 1991, Risk/return Relationships for Life-health, Property-liability, and Diversified insurers, Journal of Risk and Insurance, 322-330.\nHsu, W. Y., Y. Huang, and G. Lai, 2015, Corporate Governance and Cash Holdings: Evidence from the US property–liability Insurance Industry, Journal of Risk and Insurance, 82(3): 715-748.\nJean-Baptiste, E. L., and A. M. Santomero, 2000, The Design of Private Reinsurance Contracts, Journal of Financial Intermediation, 9(3): 274-297.\nJensen, M. C., and W. H. Meckling, 1976, Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure, Journal of Financial Economics, 3(4): 305-360.\nJones, G. R., and C. W. Hill, 1988, Transaction Cost Analysis of Strategy‐structure Choice, Strategic Management Journal, 9(2): 159-172.\nKennedy, P., 1998, A Guide to Econometrics. fourth ed. Blackwell Publishers.\nKing, A. A., and C. L. Tucci, 2002, Incumbent Entry into New Market Niches: The Role of Experience and Managerial Choice in the Creation of Dynamic Capabilities, Management Science, 48(2): 171-186.\nKofman, P., and G. P. Nini, 2013, Do Insurance Companies Possess an Informational Monopoly? Empirical Evidence from Auto Insurance, Journal of Risk and Insurance, 80(4): 1001-1026.\nKysucky, V., and L. Norden, 2016, The Benefits of Relationship Lending in a Cross-country Context: A Meta-analysis, Management Science, 62(1): 90-110.\nKunreuther, H., and M. Pauly, 1985, Markets Equilibrium with Private Knowledge: An Example, Journal of Public Economics, 26: 269–288.\nLang, L. H. P., and R. M. Stulz, 1994, Tobin`s Q, Corporate Diversification, and Firm Performance, Journal of Political Economy, 102(6): 1248–1280.\nLiebenberg, A. P., and D. W. Sommer, 2008, Effects of Corporate Diversification: Evidence from the Property–liability Insurance Industry, Journal of Risk and Insurance, 75(4): 893-919.\nLin, C., M. S. Officer, and H. Zou, 2011, Directors` and Officers` Liability Insurance and Acquisition Outcomes, Journal of Financial Economics, 102(3): 507-525.\nLin, Y., J. Yu, and M. O. Peterson, 2015, Reinsurance Networks and Their Impact on Reinsurance Decisions: Theory and Empirical Evidence, Journal of Risk and Insurance, 82(3): 531-569.\nLiu, H. H., Y. M. Shiu, and T. C. Liu, 2016, Reinsurance and Liquidity: Evidence from the United Kingdom General Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 41(2): 307-324.\nMacKay, P., and G. M. Phillips, 2005, How Does Industry Affect Firm Financial Structure?, The Review of Financial Studies, 18(4): 1433-1466.\nMankai, S., and A. Belgacem, 2016, Interactions between Risk Taking, Capital, and Reinsurance for Property–liability Insurance Firms, Journal of Risk and Insurance, 83(4): 1007-1043.\nMarvel, H. P., 1982, Exclusive Dealing, The Journal of Law and Economics, 25(1): 1-25.\nMayers, D., and C. W. Smith Jr, 1988, Ownership Structure across Lines of Property-Casualty Insurance, The Journal of Law and Economics, 31(2): 351-378.\nMayers, D., and C. W. Smith Jr, 1994, Managerial Discretion, Regulation, and Stock Insurer Ownership Structure, Journal of Risk and Insurance, 638-655.\nMonheit, A. C., and B. S. Schone, 2004, How Has Small Group Market Reform Affected Employee Health Insurance Coverage? Journal of Public Economics, 88(1): 237-254.\nMorris, B. C., S. G. Fier, and A. P. Liebenberg, 2017, The Effect of Diversification Relatedness on Firm Performance, Journal of Insurance Issues, 125-158.\nLiebenberg, A. P., and D. W. Sommer, 2008, Effects of Corporate Diversification: Evidence from the Property–liability Insurance Industry, Journal of Risk and Insurance, 75(4): 893-919.\nLin, Y., J. Yu, and M. O. Peterson, 2015, Reinsurance Networks and Their Impact on Reinsurance Decisions: Theory and Empirical Evidence, Journal of Risk and Insurance, 82(3): 531-569.\nOlivella, P., and M. Vera‐Hernández, 2013, Testing for Asymmetric Information in Private Health Insurance, The Economic Journal, 123(567): 96-130.\nPark, S. C., X. Xie, and P. Rui, 2019, The Sensitivity of Reinsurance Demand to Counterparty Risk: Evidence from the US Property–liability Insurance Industry, Journal of Risk and Insurance, 86(4): 915-946.\nParlour, C. A., and G. Plantin, 2008, Loan Sales and Relationship Banking, Journal of Finance, 63: 1291-1314.\nPeng, L., and Z. Lian, 2020, Diversification and Efficiency of Life Insurers in China and India, The Geneva Papers on Risk and Insurance-Issues and Practice, 1-21.\nPlantin, G., 2006, Does Reinsurance Need Reinsurers?, Journal of Risk and Insurance, 73(1): 153-168.\nPooser, D. M., and M. J. Browne, 2018, The Effects of Customer Satisfaction on Company Profitability: Evidence from the Property and Casualty Insurance Industry, Risk Management and Insurance Review, 21(2): 289-308.\nPottier, S. W., and D. W. Sommer, 1997, Agency Theory and Life Insurer Ownership Structure, Journal of Risk and Insurance, 529-543.\nPowell, L. S., and D. W. Sommer, 2007, Internal Versus External Capital Markets in the Insurance Industry: The Role of Reinsurance, Journal of Financial Services Research, 31(2): 173-189.\nRhoades, S. A., and R. D. Rutz, 1982, Market Power and Firm Risk—A Test of the “Quiet Life” hypothesis, Journal of Monetary Economics, 9(1): 73–85.\nRothschild, M., and J. Stiglitz, 1976, Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information, The Quarterly Journal of Economics, 90(4): 629-649.\nRumelt, R. P., 1974, Strategy, Structure, and Performance, Boston: Graduate School of Business, Harvard University.\nSavitha, B., S. Banerjee, and A. Shetty, 2019, Product Diversification versus Technical Efficiency of Conglomerate Life Microinsurance Companies: Evidence from India, The Geneva Papers on Risk and Insurance-Issues and Practice, 44(3): 527-547.\nServaes, H., 1996, The Value of Diversification during the Conglomerate Merger Wave, The Journal of Finance, 51(4): 1201-1225.\nSharpe, S. A., 1990, Asymmetric Information, Bank Lending, and Implicit Contracts: A Stylized Model of Customer Relationships, The Journal of Finance, 45(4): 1069-1087.\nShi, P., and W. Zhang, 2016, A Test of Asymmetric Learning in Competitive Insurance with Partial Information Sharing, Journal of Risk and Insurance, 83(3): 557-578.\nShim, J., 2011, Mergers & Acquisitions, Diversification and Performance in the US Property-liability Insurance Industry, Journal of Financial Services Research, 39(3): 119-144.\nShim, J., 2017, An Investigation of Market Concentration and Financial Stability in Property–liability Insurance Industry, Journal of Risk and Insurance, 84(2): 567-597.\nShiu, Y. M., 2011, Reinsurance and Capital Structure: Evidence from the United Kingdom Non‐life Insurance Industry, Journal of Risk and Insurance, 78(2): 475-494.\nShiu, Y. M., 2016, Is Reinsurance a Substitute for or a Complement to Derivative Usage? Evidence from the UK Non-life insurance industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 41(1): 161-178.\nSharpe, S., 1990, Asymmetric Information, Bank Lending and Implicit Contracts: A Stylized Model of Customer Relationships, Journal of Finance, 45: 1069–1087.\nSmith, C. W., 1977, Alternative Methods for Raising Capital: Rights Versus Underwritten Offerings, Journal of Financial Economics, 5: 273-307.\nSonnenholzner, M., S. Friese, and J. M. G. v. d. Schulenburg, 2009, Reinsurance Brokers and Advice Quality: Is There A Need for Regulation?, The Geneva Risk and Insurance Review, 34(1): 20-46.\nSpindler, M., 2015, Asymmetric Information in (Private) Accident Insurance, Economics Letters, 130: 85-88.\nStudenmund, A. H., 2001, Using Econometrics: A Practical Guide, NewYork: Addison Wesley Longman.\nTeece, D. J., 1980, Economies of Scope and the Scope of the Enterprise, Journal of Economic Behavior & Organization, 1(3): 223-247.\nTitman, S., and R. Wessels, 1988, The Determinants of Capital Structure Choice, Journal of Finance, 43: 1-19.\nUpreti, V., and M. Adams, 2015, The Strategic Role of Reinsurance in the United Kingdom’s (UK) Non-life Insurance Market, Journal of Banking & Finance, 61: 206-219.\nVeprauskaite, E., and M. B. Adams, 2018, Leverage and Reinsurance Effects on Loss Reserves in the United Kingdom’s Property–casualty Insurance Industry, Accounting and Business Research, 48(4): 373-399.\nVillalonga, B., 2004, Diversification Discount or Premium? New Evidence from the Business Information Tracking Series, Journal of Finance, 59(2): 479-506.\nWang, K. C., J. L. Peng, Y. Y. Sun, and Y. C. Chang, 2011, The Asymmetric Information Problem in Taiwan`s Cancer Insurance Market, The Geneva Risk and Insurance Review, 36(2): 202-219.\nWooldridge, J. M., 2016, Introductory Econometrics: A Modern Approach, 4th ed. Canada: South-Western Cengage Learning.\nXie, X., C. Lee, and M. Eling, 2020, Cyber Insurance Offering and Performance: An Analysis of the US Cyber Insurance Market, The Geneva Papers on Risk and Insurance-Issues and Practice, 45(4): 690-736.\nYan, Z., 2013, Testing for Moral Hazard in Reinsurance Markets, Managerial Finance, 39(8): 696-713.\nYan, Z., and L. Hong, 2015, Testing for Asymmetric Information in Reinsurance Markets, The Geneva Papers on Risk and Insurance-Issues and Practice, 40(1): 29-46.\n\nEssay 3:\nAdam, T., S. Dasgupta, S. Titman, 2007, Financial Constraints, Competition, and Hedging in Industry Equilibrium, Journal of Finance, 62: 2445–2473.\nAdams, M., P. Hardwick, and H. Zou, 2008, Reinsurance and Corporate Taxation in the United Kingdom Life Insurance Industry, Journal of Banking & Finance, 32(1): 101-115.\nAltuntas, M., J. Garven, and J. Rauch, 2018, On the Corporate Demand for Insurance: Evidence from the Global Reinsurance Market, Risk Management and Insurance Review, 21(2): 211-242.\nAnand, V., J. Tyler Leverty, and K. Wunder, 2020, Paying for Expertise: The Effect of\nExperience on Insurance Demand, Journal of Risk and Insurance, 1-30.\nAndreou, C. K., P. C. Andreou, and N. Lambertides, 2021, Financial Distress Risk and Stock Price Crashes, Journal of Corporate Finance, 67: 101870.\nArellano, M., and S. Bond, 1991, Some Tests of Specification for Panel Data: Monte Carlo Evidence and An Application to Employment Equations, The Review of Economic Studies, 58(2): 277-297.\nBharath, S. T., S. Dahiya, A. Saunders, and A. Srinivasan, 2011, Lending Relationships and Loan Contract Terms, The Review of Financial Studies, 24(4): 1141-1203.\nBerry‐Stölzle, T. R., A. P. Liebenberg, J. S. Ruhland, and D. W. Sommer, 2012, Determinants of Corporate Diversification: Evidence from the Property–liability Insurance Industry, Journal of Risk and Insurance, 79(2): 381-413.\nBlundell, R., and S. Bond, 1998, Initial Conditions and Moment Restrictions in Dynamic Panel Data Models, Journal of Econometrics, 87(1): 115-143.\nBoulding, W., and R. Staelin, 1990, Environment, Market Share, and Market Power, Management Science, 36(10): 1160–1177.\nBrowne, M. J., L. Ju, and Y. Lei, 2012, Reinsurance Purchases, Contingent Commission\nPayments and Insurer Reserve Estimation, The Geneva Papers on Risk and Insurance-Issues and Practice, 37(3): 452-466.\nBrowne, M. J., and T. Zhou-Richter, 2014, Lemons or Cherries? Asymmetric Information in the German Private Long-term Care Insurance Market, The Geneva Papers, 39: 603-624.\nCampello, M., C. Lin, Y. Ma, H. Zou, 2011, The Real and Financial Implications of Corporate Hedging, Journal of Finance, 66: 1615–1647.\nChang, V. Y., 2019, Does Reinsurance Purchasing Enhance Insurers’ Competitiveness? Evidence from the US Property–liability Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 44(4): 595-623.\nChang, V. Y., and V. S. Jeng, 2016, The Relationship Among the Demand for Reinsurance, Liquidity, and Leverage in the US Property-Liability Insurance Industry, Taiwan Economic Review, 44(4): 543-576.\nChe, X., and A. P. Liebenberg, 2017, Effects of Business Diversification on Asset Risk-taking: Evidence from the US Property-liability Insurance Industry, Journal of Banking and Finance, 77: 122-136.\nChen, Y., I. S. Hamwi, and T. Hudson, 2001, The Effect of Ceded Reinsurance on Solvency of Primary Insurers, International Advances in Economic Research, 7(1): 65-82.\nChen, J. H., and Y. M. Shiu, 2020, Does Asymmetric Information Exist in the Reinsurance Markets of Taiwan? Applying Quantile Regression and Natural-Experiment Method, Management Review, 39, 123-140.\nCohen, A., 2012, Asymmetric Learning in Repeated Contracting: An Empirical Study, Review of Economics and Statistics, 94(2): 419-432.\nCohen, A., and P. Siegelman, 2010, Testing for Adverse Selection in Insurance Markets, Journal of Risk and Insurance, 77(1): 39-84.\nCole, C. R., and K. A. McCullough, 2006, A Reexamination of the Corporate Demand for Reinsurance, Journal of Risk and Insurance, 73(1): 169-192.\nCummins, J. D., G. Dionne, R. Gagné, and A. Nouira, 2021, The Costs and Benefits of Reinsurance, The Geneva Papers on Risk and Insurance-Issues and Practice, 46(2): 177-199.\nCummins, J. D., R. D. Phillips, S. D. Smith, 2001, Derivatives and Corporate Risk Management: Participation and Volume Decisions in the Insurance Industry, Journal of Risk and Insurance, 51-91.\nDahlby, B., and D. S. West, 1986, Price Dispersion in an Automobile Insurance Market, The Journal of Political Economy, 94(2): 418–438.\nDemsetz, H., 1973, Industry Structure, Market Rivalry, and Public Policy, Journal of Law & Economics, 16(1): 1–9.\nDoherty, N., and K. Smetters, 2005, Moral Hazard in Reinsurance Markets, Journal of Risk and Insurance, 72(3): 375-391.\nDoherty, N. A., S. M. Tinic, 1981, Reinsurance under Conditions of Capital Market Equilibrium: A Note, Journal of Finance, 36: 949–953.\nDonker, H., A. Ng, and P. Shao, 2020, Borrower Distress and the Efficiency of Relationship Banking, Journal of Banking & Finance, 112: 105275.\nEdeling, A., and A. Himme, 2018, When Does Market Share Matter? New Empirical Generalizations from a Meta-analysis of the Market Share–performance Relationship, Journal of Marketing, 82(3): 1-24.\nEling, M., R. Jia, and Y. Yao, 2017, Between‐Group Adverse Selection: Evidence From\nGroup Critical Illness Insurance, Journal of Risk and Insurance, 84(2): 771-809.\nErickson, G. M., and S. A. Finkler, 1985, Determinants of Market Share for a Hospital’s Services, Medical Care, 23(8): 1003–1018.\nFarah, T., J. Li, Z. Li, and A. Shamsuddin, 2021, The Non-linear Effect of CSR on Firms’ Systematic Risk: International Evidence, Journal of International Financial Markets, Institutions and Money, 71, 101288.\nFinkelstein, A., and J. Poterba, 2004, Adverse Selection in Insurance Markets: Policyholder Evidence from the UK Annuity Market, Journal of Political Economy, 112(1): 183-208.\nFroot, K. A. 1999, The Financing of Catastrophe Risk. Chicago: University of Chicago Press.\nFroot, K. A., 2001, The Market for Catastrophe Risk: A Clinical Examination, Journal of Financial Economics, 60: 529-571.\nFroot, K. A., D. S. Scharfstein, J. C. Stein, 1993, Risk Management: Coordinating Corporate Investment and Financing Policies, Journal of Finance, 48: 1629–1658.\nGale, B. T., 1972, Market Share and Rate of Return, Review of Economics and Statistics, 54(4): 412–423.\nGao, F., M. R. Powers, and J. Wang, 2017, Decomposing Asymmetric Information in China`s Automobile Insurance Market, Journal of Risk and Insurance, 84(4): 1269-1293.\nGarven, J. R., J. I. Hilliard, and M. F. Grace, 2014, Adverse Selection in Reinsurance Markets, The Geneva Risk and Insurance Review, 39(2): 222-253.\nGarven, J. R. and R. D. MacMinn, 1993, The Underinvestment Problem, Bond Covenants and Insurance, Journal of Risk and Insurance, 60(4): 635–646.\nGates, R., C. McDaniel, and K. Braunsberger, 2000, Modeling Consumer Health Plan Choice Behavior to Improve Customer Value and Health Plan Market Share, Journal of Business Research, 48(3): 247-257.\nGéczy, C., B. A. Minton, and C. Schrand, 1997, Why Firms Use Currency Derivatives, Journal of Finance, 52(4): 1323-1354.\nGravelle, H., 1994, Remunerating Information Providers: Commissions Versus Fees in Life Insurance, Journal of Risk and Insurance, 425-457.\nHaans, R. F., C. Pieters, and Z. L. He, 2016, Thinking about U: Theorizing and Testing U‐and Inverted U‐shaped Relationships in Strategy Research, Strategic Management Journal, 37(7): 1177-1195.\nHarris, M., A. Raviv, 1991. The Theory of Capital Structure, Journal of Finance, 46: 297–355.\nHe, D., 2009, The Life Insurance Market: Asymmetric Information Revisited, Journal of Public Economics, 93(9-10): 1090-1097.\nHe, J., R. Rejesus, X. Zheng, and J. Yorobe Jr, 2018, Advantageous Selection in Crop Insurance: Theory and Evidence, Journal of Agricultural Economics, 69(3): 646-668.\nHellofs, L., and R. Jacobson, 1999, Market Share and Customers’ Perception of Quality: When Can Firms Grow Their Way to Higher Versus Lower Quality?, Journal of Marketing, 63(1): 16–25.\nHill, K. E., M. D. Hill, and G. W. Kelly, 2020, Do Market Share and Demand Uncertainty Influence the Relation Between Advertising Expenditures and Shareholder Value?, Journal of Business Research, 115: 61-69.\nHo, C. L., 2017, CEO Turnover and Reinsurance Demand in the US Property Casualty Insurance Industry, NTU Management Review, 27(2S): 245-288.\nHsu, W. Y., Y. Huang, and G. Lai, 2015, Corporate Governance and Cash Holdings: Evidence from the US property–liability Insurance Industry, Journal of Risk and Insurance, 82(3): 715-748.\nJacobson, R., and D. A. Aaker, 1985, Is Market Share All That It’s Cracked Up to Be? Journal of Marketing, 49(4): 11–22.\nJean-Baptiste, E. L., and A. M. Santomero, 2000, The Design of Private Reinsurance Contracts, Journal of Financial Intermediation, 9(3): 274-297.\nKelly, M., A. Klefner, and D. Leadbetter, 2012, Structure, Principles and Effectiveness of Insurance Regulation in the 21st century: Insights from Canada, The Geneva Papers on Risk and Insurance-Issues and Practice, 37 (1): 155–174.\nKennedy, P., 1998. A Guide to Econometrics. fourth ed. Blackwell Publishers.\nKhorana, A., and H. Servaes, 2012, What Drives Market Share in the Mutual Fund Industry? Review of Finance, 16 (1): 81–113.\nKofman, P., and G. P. Nini, 2013, Do Insurance Companies Possess an Informational Monopoly? Empirical Evidence from Auto Insurance, Journal of Risk and Insurance, 80(4): 1001-1026.\nKysucky, V., and L. Norden, 2016, The Benefits of Relationship Lending in a Cross-country Context: A Meta-analysis, Management Science, 62(1): 90-110.\nLee, H. H., and C. Y. Lee, 2012, An Analysis of Reinsurance and Firm Performance: Evidence from the Taiwan Property-liability Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 37(3): 467-484.\nLin, C., M. S. Officer, and H. Zou, 2011, Directors` and Officers` Liability Insurance and Acquisition Outcomes, Journal of Financial Economics, 102(3): 507-525.\nLind J. T., H. Mehlum, 2010, With or Without U? The Appropriate Test for a U-shaped Relationship, Oxford Bulletin of Economics and Statistics, 72(1): 109–118.\nMankai, S., and A. Belgacem, 2016, Interactions between Risk Taking, Capital, and Reinsurance for Property–liability Insurance Firms, Journal of Risk and Insurance, 83(4): 1007-1043.\nMarvel, H. P., 1982, Exclusive Dealing, The Journal of Law and Economics, 25(1): 1-25.\nMorris, B. C., S. G. Fier, and A. P. Liebenberg, 2017, The Effect of Diversification Relatedness on Firm Performance, Journal of Insurance Issues, 125-158.\nNiehaus, G., and S. Mann, 1992, The Trading of Underwriting Risk: An Analysis of Insurance Futures Contracts and Reinsurance, The Journal of Risk & Insurance, 59(4): 601-627.\nOlivella, P., and M. Vera‐Hernández, 2013, Testing for Asymmetric Information in Private Health Insurance, The Economic Journal, 123(567): 96-130.\nO’Regan, N., 2002, Market Share: the Conduit to Future Success?, European Business Review, 14(4): 287-293.\nPark, C. S., and V. Srinivasan, 1994, A Survey-based Method for Measuring and Understanding Brand Equity and Its Extendibility, Journal of Marketing Research, 31(2): 271-288.\nParente, R., B. P. Choi, A. H. L. Slangen, and S. Ketkar, 2010, Distribution System Choice in a Service Industry: An Analysis of International Insurance Firms Operating in the United States, Journal of International Management, 16(3): 275-287.\nPottier, S. W., and D. W. Sommer, 1997, Agency Theory and Life Insurer Ownership Structure, Journal of Risk and Insurance, 529-543.\nRegan, L. 1999, Expense Ratios across Insurance Distribution Systems: An Analysis by Line of Business, Risk Management and Insurance Review, 2(2): 44–59.\nRothschild, M., and J. Stiglitz, 1976, Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information, The Quarterly Journal of Economics, 90(4): 629-649.\nSandvik, I. L., and K. Sandvik, 2003, The Impact of Market Orientation on Product Innovativeness and Business Performance, International Journal of Research in Marketing, 20(4): 355-376.\nScordis, N. A., and P. Steinorth, 2012, Value from Hedging Risk with Reinsurance, Journal of Insurance Issues, 210-231.\nSeog, S. H., 2006, Strategic Demand for Insurance, Journal of Risk and Insurance, 73(2): 279–295.\nSheikh, S., A. M. Syed, and S. S. A. Shah, 2018, Corporate Reinsurance Utilisation and Capital Structure: Evidence from Pakistan Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 43(2): 300-334.\nShi, P., and W. Zhang, 2016, A Test of Asymmetric Learning in Competitive Insurance with Partial Information Sharing, Journal of Risk and Insurance, 83(3): 557-578.\nShiu, Y. M., 2011, Reinsurance and Capital Structure: Evidence from the United Kingdom Non‐life Insurance Industry, Journal of Risk and Insurance, 78(2): 475-494.\nShiu, Y. M., and C. Y. Hsiao, 2014, The Effect of Loss Ratio on the Use of Reinsurance, Academia Economic Papers, 42(3): 435-483.\nShiu, Y. M., and B. F. Huang, 2015, Effects of Risk-based Capital on Reinsurance Use: Evidence from the Taiwan Non-life Insurance Industry, Academia Economic Papers, 43(3): 381-411.\nShiu, Y. M., 2016, Is Reinsurance a Substitute for or a Complement to Derivative Usage? Evidence from the UK Non-Life Insurance Industry, The Geneva Papers on Risk and Insurance-Issues and Practice, 41(1): 161-178.\nShiu, Y. M., 2020, How Does Reinsurance and Derivatives Usage Affect Financial Performance? Evidence from the UK Non-life Insurance Industry, Economic Modelling, 88: 376-385.\nShi, P., and W. Zhang, 2016, A Test of Asymmetric Learning in Competitive Insurance with Partial Information Sharing, Journal of Risk and Insurance, 83(3): 557-578.\nShortridge, R. T., and S. M. Avila, 2004, The Impact of Institutional Ownership on the Reinsurance Decision, Risk Management and Insurance Review, 7(2): 93-106.\nSonnenholzner, M., S. Friese, and J. M. G. v. d. Schulenburg, 2009, Reinsurance Brokers and Advice Quality: Is There A Need for Regulation?, The Geneva Risk and Insurance Review, 34(1): 20-46.\nSpindler, M., 2015, Asymmetric Information in (Private) Accident Insurance, Economics Letters, 130: 85-88.\nStudenmund, A. H., 2001, Using Econometrics: A Practical Guide, NewYork: Addison Wesley Longman.\nUpreti, V., and M. Adams, 2015, The Strategic Role of Reinsurance in the UnitedKingdom’s (UK) Non-life Insurance Market, Journal of Banking & Finance, 61: 206-219.\nUpreti, V., M. Adams, and Y. Jia, 2021, Risk Management and the Cost of Equity: Evidence from the United Kingdom’s Non-life Insurance Market, The European Journal of Finance, 1-20.\nVeprauskaite, E., and M. B. Adams, 2018, Leverage and Reinsurance Effects on Loss Reserves in the United Kingdom’s Property-casualty Insurance Industry, Accounting and Business Research, 48(4): 373-399.\nWang, J. L., V. Y. Chang, G. C. Lai, and L. Y. Tzeng, 2008, Demutualization and Demand for Reinsurance, The Geneva Papers on Risk and Insurance-Issues and Practice, 33(3): 566-584.\nWang, K. C., J. L. Peng, Y. Y. Sun, and Y. C. Chang, 2011, The Asymmetric Information Problem in Taiwan`s Cancer Insurance Market, The Geneva Risk and Insurance Review, 36(2): 202-219.\nWeiss, D. L. 1968, Determinants of Market Share, Journal of Marketing Research, 5: 290–295.\nWooldridge, J. M., 2016, Introductory Econometrics: A Modern Approach, 4th ed. Canada: South-Western Cengage Learning.\nYan, Z., 2013, Testing for Moral Hazard in Reinsurance Markets, Managerial Finance, 39(8): 696-713.\nYan, Z., and L. Hong, 2015, Testing for Asymmetric Information in Reinsurance Markets, The Geneva Papers on Risk and Insurance-Issues and Practice, 40(1): 29-46.\nYanase, N., and P. Limpaphayom, 2017, Organization Structure and Corporate Demand for Reinsurance: The Case of the Japanese Keiretsu, Journal of Risk and Insurance, 84(2): 599-629.\nZanjani, G., 2002, Pricing and Capital Allocation in Catastrophe Insurance, Journal of Financial Economics, 65(2): 283-305.; G0102358501; https://nccur.lib.nccu.edu.tw//handle/140.119/138891; https://nccur.lib.nccu.edu.tw/bitstream/140.119/138891/1/850101.pdf

الاتاحة: https://nccur.lib.nccu.edu.tw//handle/140.119/138891
https://doi.org/10.6814/NCCU202200083
https://nccur.lib.nccu.edu.tw/bitstream/140.119/138891/1/850101.pdf

View record in BASE