Regulations and soundness of insurance firms: International evidence

URI	http://purl.tuc.gr/dl/dias/6FB0F660-FAAB-4564-892E-FF3AD3094150	-
Identifier	https://doi.org/10.1016/j.jbusres.2012.09.023	-
Language	en	-
Title	Regulations and soundness of insurance firms: International evidence	en
Creator	Chrysovalantis Gaganis	en
Creator	Pasiouras Fotios	en
Creator	Πασιουρας Φωτιος	el
Publisher	Elsevier	en
Content 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.	en
Type of Item	Peer-Reviewed Journal Publication	en
Type of Item	Δημοσίευση σε Περιοδικό με Κριτές	el
License	http://creativecommons.org/licenses/by/4.0/	en
Date of Item	2015-10-27	-
Date of Publication	2013	-
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	en

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