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政大機構典藏 > 商學院 > 風險管理與保險學系 > 期刊論文 > Item 140.119/72648

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/72648

Title:	What Motivates Insurers to use Derivatives: Evidence from the United Kingdom Life Insurance Industry
Authors:	Shiu, Yung-Ming 許永明
Contributors:	風管系
Date:	2011-04
Issue Date:	2015-01-07 16:54:40 (UTC+8)
Abstract:	Using firm-specific variables that proxy for the motivations of life insurers` decision to participate in derivative transactions, we examine existing theories of corporate hedging behaviour. Our findings support the evidence of previous research that risk management and scale factors explain the use of derivatives. We observe a substitution effect that insurers use on-balance-sheet hedging through structuring their assets and liabilities to reduce price risks.
Relation:	Geneva Papers on Risk & Insurance,36(2),186-196
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1057/gpp.2011.4
DOI:	10.1057/gpp.2011.4
Appears in Collections:	[風險管理與保險學系] 期刊論文

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