This paper examines the variation in insurance company financial performance across states with different legal and regulatory environments. These environments are distinguished by a diverse set of measures created by the states to address problems in the insurance area. Using firm-level financial data for the period 1984-91, quantile regression methodology is used to describe the differential relationships between profitability and these measures. The results indicate that the distribution of profitability is only weakly related to insurers' regulatory and legal environments, and is significantly related to other factors, such as the size of the firm and the effective number of competitors. Copyright 2001 by Kluwer Academic Publishers
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Related research
Keywords:
Other versions of this item:
Cited by: (explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)
Did you know? Citation analysis on IDEAS includes online papers that are freely accessible and whose text could be automatically analyzed, currently about 210000 papers.