https://scholars.lib.ntu.edu.tw/handle/123456789/414632
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | Cheng, Jiang | en_US |
dc.contributor.author | Elyasiani, Elyas | en_US |
dc.contributor.author | TZU-TING LIN | en_US |
dc.creator | TZU-TING LIN;Elyasiani, Elyas;Cheng, Jiang | - |
dc.date.accessioned | 2019-07-23T09:17:52Z | - |
dc.date.available | 2019-07-23T09:17:52Z | - |
dc.date.issued | 2010-06-01 | - |
dc.identifier.issn | 00224367 | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/414632 | - |
dc.description.abstract | We examine the market's reaction to New York Attorney General Eliot Spitzer's civil suit against mega-broker Marsh for bid rigging and inappropriate use of contingent commissions within a generalized autoregressive conditionally heteroskedastic (GARCH) framework. Effects on the stock returns of insurance brokers and insurers are tested. The findings are: (1) GARCH effects are significant in modeling broker/insurer returns; (2) the suit generated negative effects on the brokerage industry and individual brokers, suggesting that contagion dominates competitive effects; (3) spillover effects from the brokerage sector to insurance business are significant and mostly negative, demonstrating industry integration; and (4) information-based contagion is supported, as opposed to the pure-panic contagion. © The Journal of Risk and Insurance, 2009. | en_US |
dc.publisher | WILEY-BLACKWELL | en_US |
dc.relation.ispartof | Journal of Risk and Insurance | en_US |
dc.title | Market reaction to regulatory action in the insurance industry: The case of contingent commission | en_US |
dc.type | journal article | en |
dc.identifier.doi | https://api.elsevier.com/content/abstract/scopus_id/77953697307 | - |
dc.identifier.doi | 10.1111/j.1539-6975.2009.01327.x | - |
dc.identifier.scopus | 2-s2.0-77953697307 | - |
dc.identifier.isi | WOS:000277328400004 | - |
dc.identifier.url | https://api.elsevier.com/content/abstract/scopus_id/77953697307 | - |
dc.relation.pages | 347 | en_US |
dc.relation.journalvolume | 77 | en_US |
dc.relation.journalissue | 2 | en_US |
dc.relation.pageend | 368 | en_US |
item.openairetype | journal article | - |
item.fulltext | no fulltext | - |
item.cerifentitytype | Publications | - |
item.grantfulltext | none | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
crisitem.author.dept | Finance | - |
crisitem.author.parentorg | College of Management | - |
顯示於: | 財務金融學系 |
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