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Now showing items 11-20 of 21
The cross-section of expected stock returns in the property/liability insurance industry
(2018)
We conduct a comprehensive asset pricing analysis for the U.S. property/liability insurance industry using monthly data from 1988 to 2015. We find that state-of-the-art models such as the Fama and French (2015) five-factor ...
Actuarial Independence and Managerial Discretion
(2018)
Appointed actuaries are responsible for estimating the largest liability on property–casualty insurance companies’ balance sheet. Actuarial independence is crucial in safeguarding accurate estimates, where this independence ...
Mortality Leads and Lags
(2017)
National Culture and Bank Risk
(2016)
Purpose: Bank risk - taking is essential to bank performance but could become detrimental to the stability of the domestic and global financial system. To control bank risk and potential ruinous consequences, we need to ...