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@article{ART002471378},
author={Song, Yunah},
title={Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2019},
volume={30},
number={2},
pages={83-116},
doi={10.23842/jif.2019.30.2.003}

TY - JOUR
AU - Song, Yunah
TI - Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation
JO - Journal of Insurance and Finance
PY - 2019
VL - 30
IS - 2
PB - Korea Insurance Research Institute
SP - 83
EP - 116
SN - 2384-3209
AB - The previous literature examined theoretically the existence of strategic demand for insurance and the effects of the product market competition on corporate demand for insurance. This paper examines the effects of product market competition on corporate demand for insurance. In order to test the relationship, we rely on the firm-level financial data which includes 10,908 firms in 439 industries classified according to the 5-digit Korean Standard Industrial Classification from 2007 to 2015. We adopt the fixed effect panel model together with the difference GMM, merging the firm-level data with the market competition measurements by Korea Fair Trade Commission. Contrary to the existing research, we show that stronger product market competition is associated with greater premium to sales ratio.
KW - Corporate Demand for Insurance;Product Market Competition
DO - 10.23842/jif.2019.30.2.003
ER -

Song, Yunah. (2019). Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation. Journal of Insurance and Finance, 30(2), 83-116.

Song, Yunah. 2019, "Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation", Journal of Insurance and Finance, vol.30, no.2 pp.83-116. Available from: doi:10.23842/jif.2019.30.2.003

Song, Yunah "Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation" Journal of Insurance and Finance 30.2 pp.83-116 (2019) : 83.

Song, Yunah. Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation. 2019; 30(2), 83-116. Available from: doi:10.23842/jif.2019.30.2.003

Song, Yunah. "Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation" Journal of Insurance and Finance 30, no.2 (2019) : 83-116.doi: 10.23842/jif.2019.30.2.003

Song, Yunah. Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation. Journal of Insurance and Finance, 30(2), 83-116. doi: 10.23842/jif.2019.30.2.003

Song, Yunah. Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation. Journal of Insurance and Finance. 2019; 30(2) 83-116. doi: 10.23842/jif.2019.30.2.003

Song, Yunah. Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation. 2019; 30(2), 83-116. Available from: doi:10.23842/jif.2019.30.2.003

Song, Yunah. "Corporate Demand for Insurance and Product Market Competition: An Empirical Investigation" Journal of Insurance and Finance 30, no.2 (2019) : 83-116.doi: 10.23842/jif.2019.30.2.003