期刊論文
| 學年 | 112 |
|---|---|
| 學期 | 2 |
| 出版（發表）日期 | 2024-03-30 |
| 作品名稱 | CEO Past Distress Experience and Risk‐taking: Evidence from US Property–Liability insurance firms |
| 作品名稱（其他語言） | |
| 著者 | Ho, Chia-ling |
| 單位 | |
| 出版者 | |
| 著錄名稱、卷期、頁數 | Risk Management and Insurance Review 27(1), p.5-39 |
| 摘要 | We investigate the relationship between CEOs' past distress experience and risk-taking in US property–liability insurance companies. Our evidence shows that CEOs' past distress experience is negatively associated with insurers' risk-taking behavior, suggesting that CEOs with distress experiences tend to take lower levels of risk in making financial decisions for their firms. The results are robust to using alternative measures of risk-taking, including value at risk, expected shortfall, volatility of stock return, idiosyncratic volatility, systematic volatility, underwriting risk, and investment risk. Additionally, our results pass a placebo test, and we mitigate endogeneity concerns with the propensity score matching method. |
| 關鍵字 | |
| 語言 | en_US |
| ISSN | 1540-6296 |
| 期刊性質 | 國外 |
| 收錄於 | SSCI Scopus |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | USA |
| 公開徵稿 | |
| 出版型式 | ,電子版 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/125634 ) |