Institutional Repository [SANDBOX]
Technical University of Crete
EN  |  EL

Search

Browse

My Space

Regulations and soundness of insurance firms: International evidence

Chrysovalantis Gaganis, Pasiouras Fotios

Full record


URI: http://purl.tuc.gr/dl/dias/6FB0F660-FAAB-4564-892E-FF3AD3094150
Year 2013
Type of Item Peer-Reviewed Journal Publication
License
Details
Bibliographic Citation Pasiouras F, Gaganis C., "Regulations and soundness of insurance firms: International evidence", Journal of Business Research, Vol. 66, no. 5, Pages 632–642, May 2013. doi: 10.1016/j.jbusres.2012.09.023 https://doi.org/10.1016/j.jbusres.2012.09.023
Appears in Collections

Summary

This paper provides the first cross-country study on the association between firms' soundness and regulatory policies in the insurance industry. Measuring solvency with an accounting based measure of distance to default, namely the Z-score, we find that the power of the supervisory authorities, and regulations related to both technical provisions and investments have an impact on soundness that is robust to controls for firm-specific and country-specific factors. In contrast, corporate governance and internal control rules do not influence soundness. Similarly, capital requirements do not appear to have a robust impact on soundness.

Services

Statistics