Internationalization in the Reinsurance Industry: An Analysis of the Net Financial Position of US Reinsurers

被引:4
|
作者
Cole, Cassandra R. [1 ]
Ferguson, William L. [2 ]
Lee, Ryan B. [3 ]
McCullough, Kathleen A. [1 ]
机构
[1] Florida State Univ, Coll Business, Tallahassee, FL 32306 USA
[2] Univ Louisiana Lafayette, BI Moody Coll Business 3, Lafayette, LA USA
[3] Univ Calgary, Haskayne Sch Business, Calgary, AB T2N 1N4, Canada
关键词
PROPERTY-LIABILITY INSURANCE; DEVELOPING-COUNTRIES; MARKET PREDICTORS; CORPORATE DEMAND; SERVICES; DETERMINANTS; INSOLVENCIES; INSURERS; GROWTH; PRICES;
D O I
10.1111/j.1539-6975.2012.01461.x
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
In today's global marketplace, the extent of internationalization has become increasingly relevant. We use the framework of the eclectic paradigm to empirically investigate internationalization by U.S. reinsurers using the net financial position in foreign markets to proxy for the level of internationalization. Our sample includes both developed and developing nations to provide a more complete analysis of internationalization of U.S. reinsurers. We find that the factors related to reinsurers net financial positions vary based on the characteristics of the countries, the reinsurers, and the industry.
引用
收藏
页码:897 / 930
页数:34
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