成立專屬保險公司對企業長期績效的影響

The Impact on the Company's Long Term Performance with the Establishment of Captive Insurance Company

趙志偉(Chih-Wei Chao) ； 林問一(Wen-Yi Lin) ； 劉亞秋(Y. Angela Liu)

《臺大管理論叢》 24卷1期 (2013/12) Pp. 233-256

https://doi.org/10.6226/NTURM2013.MAR.R08050

摘要

本文檢驗企業成立純粹獨資專屬保險公司後，長期績效是否改善。我們以1960年到2007年間，在百慕達註冊成立純粹獨資專屬保險公司的美國公開上市公司為樣本，同時引進沒有成立任何型態專屬保險公司的配對公司作比較。結果發現，企業成立純粹獨資專屬保險公司後，企業的長期績效表現比成立前佳；並且有成立純粹獨資專屬保險公司企業的長期績效，優於沒有成立任何型態專屬保險的配對公司。

關鍵字

專屬保險 ； 長期績效

並列摘要

This study examines whether the establishment of a pure single-parent captive insurance company can effectively better the parent company's long term performance. We employ data of U.S. exchange-listed firms that have pure single-parent captive insurance companies registered in Bermuda between 1960 and 2007. Using matched pairs of firms with and without captive insurance companies, our findings show that the long term performance of the parent firm is significantly improved due to the establishment of a pure single-parent captive insurance subsidiary, suggesting such actions provide additional benefits to parent companies.

並列關鍵字

captive insurance ； long term performance

參考文獻

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