@article{ART001746937},
author={박경국 and CHAY, JONG BOM},
title={The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2013},
volume={24},
number={1},
pages={3-32}
TY - JOUR
AU - 박경국
AU - CHAY, JONG BOM
TI - The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies
JO - Journal of Insurance and Finance
PY - 2013
VL - 24
IS - 1
PB - Korea Insurance Research Institute
SP - 3
EP - 32
SN - 2384-3209
AB - This paper empirically examines the effects of risk-based capital requirement on capital, asset risk, sales and profitability of life insurance companies in Korea. According to the results of 2SLS regression analysis based on simultaneous equations system, the adjustment speeds to the target levels of asset risk, sales, and profitability have increased for the companies under regulatory pressure of risk-based capital requirement.
According to the difference-in-difference analysis, the introduction of risk-based capital requirement has decreased asset risks of life insurance companies. However, we do not find any concrete evidence that risk-based capital requirement restricted sales and profitability of life insurance companies.
KW - capital;profitability;risk;risk-based capital requirement;sales
DO -
UR -
ER -
박경국 and CHAY, JONG BOM. (2013). The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies. Journal of Insurance and Finance, 24(1), 3-32.
박경국 and CHAY, JONG BOM. 2013, "The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies", Journal of Insurance and Finance, vol.24, no.1 pp.3-32.
박경국, CHAY, JONG BOM "The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies" Journal of Insurance and Finance 24.1 pp.3-32 (2013) : 3.
박경국, CHAY, JONG BOM. The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies. 2013; 24(1), 3-32.
박경국 and CHAY, JONG BOM. "The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies" Journal of Insurance and Finance 24, no.1 (2013) : 3-32.
박경국; CHAY, JONG BOM. The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies. Journal of Insurance and Finance, 24(1), 3-32.
박경국; CHAY, JONG BOM. The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies. Journal of Insurance and Finance. 2013; 24(1) 3-32.
박경국, CHAY, JONG BOM. The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies. 2013; 24(1), 3-32.
박경국 and CHAY, JONG BOM. "The Effects of Risk-Based Capital Regulation on Capital, Asset Risk and Performance of Life Insurance Companies" Journal of Insurance and Finance 24, no.1 (2013) : 3-32.
