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A financial-economic evaluation of insurance guaranty fund system: An agency cost perspective

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  • Han, Li-Ming
  • Lai, Gene C.
  • Witt, Robert C.

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  • Han, Li-Ming & Lai, Gene C. & Witt, Robert C., 1997. "A financial-economic evaluation of insurance guaranty fund system: An agency cost perspective," Journal of Banking & Finance, Elsevier, vol. 21(8), pages 1107-1129, August.
    • Handle: RePEc:eee:jbfina:v:21:y:1997:i:8:p:1107-1129
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    References listed on IDEAS

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    1. Cummins, J David, 1988. " Risk-Based Premiums for Insurance Guaranty Funds," Journal of Finance, American Finance Association, vol. 43(4), pages 823-839, September.
    2. Charles W. Calomiris, 1989. "Deposit insurance: lessons from the record," Economic Perspectives, Federal Reserve Bank of Chicago, vol. 13(May), pages 10-30.
    3. Keeley, Michael C, 1990. "Deposit Insurance, Risk, and Market Power in Banking," American Economic Review, American Economic Association, vol. 80(5), pages 1183-1200, December.
    4. Scott E. Harrington, 1991. "Public policy and property-liability insurance," Conference Series ; [Proceedings], Federal Reserve Bank of Boston, vol. 35, pages 239-281.
    5. Fred B. Power & E. Warren Shows & Richard L. Meyer, 1991. "The Role of State Guaranty Funds in the Property Casualty Insurance Industry," Journal of Insurance Issues, Western Risk and Insurance Association, vol. 14(2), pages 51-72.
    6. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    7. K. J. Arrow, 1964. "The Role of Securities in the Optimal Allocation of Risk-bearing," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 31(2), pages 91-96.
    8. Furlong, Frederick T. & Keeley, Michael C., 1989. "Capital regulation and bank risk-taking: A note," Journal of Banking & Finance, Elsevier, vol. 13(6), pages 883-891, December.
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    Cited by:

    1. Dong, Ming & Gründl, Helmut & Schlütter, Sebastian, 2012. "The risk-shifting behavior of insurers under different guarantee schemes," ICIR Working Paper Series 12/12, Goethe University Frankfurt, International Center for Insurance Regulation (ICIR).
    2. Chang Shih-Chieh Bill & Lee Yen-Kuan, 2020. "Currency Uncertainty, Interest Guarantee, and Risk-Based Premiums in Life Insurance Guaranty Schemes," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 14(2), pages 1-30, July.
    3. Duan, Jin-Chuan & Yu, Min-Teh, 2005. "Fair insurance guaranty premia in the presence of risk-based capital regulations, stochastic interest rate and catastrophe risk," Journal of Banking & Finance, Elsevier, vol. 29(10), pages 2435-2454, October.
    4. Hato Schmeiser & Joël Wagner, 2013. "The Impact of Introducing Insurance Guaranty Schemes on Pricing and Capital Structure," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(2), pages 273-308, June.
    5. Chen, An & Uzelac, Filip, 2014. "A risk-based premium: What does it mean for DB plan sponsors?," Insurance: Mathematics and Economics, Elsevier, vol. 54(C), pages 1-11.
    6. Lindset Snorre, 2008. "Risk-Based Pre-Funding of Guaranty Funds in Life Insurance," Asia-Pacific Journal of Risk and Insurance, De Gruyter, vol. 2(2), pages 1-10, March.
    7. Gilles Bernier & Ridha M. Mahfoudhi, 2010. "On the Economics of Postassessments in Insurance Guaranty Funds: A Stakeholders’ Perspective," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 77(4), pages 857-892, December.
    8. Lee, Soon-Jae & Smith, Michael L., 1999. "Property-casualty insurance guaranty funds and insurer vulnerability to misfortune," Journal of Banking & Finance, Elsevier, vol. 23(9), pages 1437-1456, September.

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