Mutual versus Stock Insurers: A Synthesis of the Theoretical and Empirical Research
The coexistence of mutual and stock organizational form in insurance has been the topic of extensive study. This article provides a review of theoretical and empirical literature from three perspectives: agency problems in each form, efficiency, and the causes of conversion between the two forms. Issues in the existing literature and unanswered questions are also identified.
Volume (Year): 34 (2011)
Issue (Month): 2 ()
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