臺灣博碩士論文加值系統

本文主要目的在利用聯立門檻迴歸模型探討風險性基礎資本（RBC）、特傅v價值及營業策略對抑制壽險公司風險承擔行為之效果。首先，檢測在壽險公司實施風險基礎資本法令要求後，是否使壽險公司有效地增加資本比例或降低資產風險，同時，也檢測特傅v價值及營業策略風險是否能抑止壽險公司的風險承擔行為。實證結果不支持法令壓力假說，不完全支持特傅v價值假說及營業策略風險假說。

The purpose of this study is to examine the effect of RBC, franchise value and business strategy on restraining the risk-taking behavors of life insurance companies in the U.S. using simultaneous threshold regression model. We first test whether life insurance companies increase their capital holding and decrease their risk-taking level after implementing risk-based capital regulation. Subsequently, we test whether franchise value and business strategies are related to the risk-taking behavior of life insurance companies. Our empirical results indicate that regulatory pressure dose not effectively suppress the risk-taking behaviors of life insurers. However, the hypotheses that franchise value and business strategy can serve as risk controlling tools are partially supported.

表次 iii
圖次 iv
第一章、緒論 1
第一節 研究背景 1
第二節 研究動機與目的 5
第三節 論文結構與流程 8
第二章、文獻回顧 10
第一節 法令資本要求（RBC比例）與風險承擔行為 10
第二節 特傅v價值與風險承擔行為之關係 14
第三節 營業策略與風險承擔行為之關係 17
第三章、資料收集與研究方法 20
第一節 研究期間與樣本資料來源及整理 20
第二節 研究假說 20
第三節 變數之定義與衡量 24
第四節 研究方法 29
第四章、實證結果與分析 41
第一節 門檻估計 41
第二節 基本敘述性統計分析 57
第三節 實證結果 69
第五章、結論 94
參考文獻 96

陳守勇，台灣地區人壽保險公司資產風險、資本比率與業務風險關聯性之實證，國立台北大學企業管理所，民國九十三年。
陳曉蓉，台灣銀行業公司治理機制與風險承擔行為之關係，風險管理學報，第五卷第三期，2003年11月，363-391。
陳穎緻，產險公司風險承擔行為影響因素之再探討，國立中正大學財務金融研究所，民國九十五年。
鄭裕城，本國銀行經營者持股比率、特頂靋P風險關係之研究，國立高雄第一科技大學金融營運所，民國九十二年。
賴怡洵，林文昌，文敏鳴，法令壓力、特傅v價值對產險公司風險承擔行為之影響，國立中正大學財務金融研究所，民國九十四年。
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