政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/64436
English  |  正體中文  |  简体中文  |  Post-Print筆數 : 27 |  Items with full text/Total items : 109948/140897 (78%)
Visitors : 46076617      Online Users : 646
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
    •  Adv. Search
    Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer Goto mobile version


    Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/64436


    Title: 台灣產物保險公司併購、市場結構與經營績效
    Other Titles: Merger and Acquisition, Market Structure and Performance in Property-Liability Insurance: Evidence from the Taiwan Market
    Authors: 張士傑;黃雅文;胡育寧
    Chang,Shih-Chieh;Hwang,Ya-Wen;Hu,Yu-Ning
    Contributors: 風管系
    Keywords: 市場集中度;核保利潤;結構行為績效假說;相對市場力量假說
    Concentration;Underwriting Profit;SCP hypothesis;RMP hypothesis
    Date: 2009-12
    Issue Date: 2014-03-04 17:05:28 (UTC+8)
    Abstract: 本研究探討台灣產物保險業在併購活動後市場結構之變化與產物保險公司經營之績效。文中分別應用赫芬德指數（Herfindahl Index）與核保利潤（Underwriting Profit）衡量市場集中度與經營績效指標，並採用結構行為績效假說（Structure-conduct-performance）與相對市場力量假說（Relative Market Power Hypothesis）分析2000 年至2006 年間市場結構與經營績效之關聯性。結構行為績效假說認為廠商之獲利主要取決於市場結構，故市場集中度與廠商獲利間存在正向關係；另一方面，相對市場力量假說則主張廠商獲利與市場集中度無關，與市場佔有率呈現正向關係。實證分析發現：台灣產物保險市場支持結構行為績效假說，但市場力量假說則不成立，市場集中度與產物保險公司核保利潤呈現顯著正向關係，其p 值為0.004。亦即，產物保險業經歷併購活動後造成市場集中度上升，因此，併購活動對於經營績效之改善應有正面助益。
    This study analyzes concentration effects of merger and acquisition in the Taiwan property-liability insurance industry. The correlation between market structure and underwriting performance are analyzed from 2000 to 2006 through testing structure conduct performance (SCP) hypothesis and relative market power (RMP) hypothesis. The SCP hypothesis anticipated that concentration is positively related to performance while the RMP hypothesis asserts that market share is positively related to performance. The numerical analysis shows that the SCP hypothesis holds for the Taiwan property-liability insurance industry while the RMP hypothesis is not confirmed. Concentration is positively related to underwriting performance with p-value of 0.4%. Higher concentration and positive concentrationperformance correlation infer that the merger and acquisition activities have positive effects on firm performance.
    Relation: 風險管理學報, 11(2), 151-170
    Data Type: article
    Appears in Collections:[Department of Risk Management and Insurance] Periodical Articles

    Files in This Item:

    File Description SizeFormat
    151170.pdf232KbAdobe PDF21100View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告 Copyright Announcement
    1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
    The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

    2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
    NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback