公司治理与风险承担——来自中国保险业的证据

发布时间：2018-04-18 20:01

本文选题：保险公司治理 + 风险承担　；参考：《经济科学》2017年02期

【摘要】：本文利用我国保险业2007-2014年公司层面的微观数据构建结构方程模型(SEM),从公司治理的角度,对我国保险公司内、外部治理机制与其风险承担的关系及具体作用机制进行了分析和探讨。研究发现:(1)总体上我国保险公司治理对不同类型风险承担的影响存在差异:保险公司治理对投资风险产生正向影响,而对承保风险产生负向影响;(2)具体作用机制方面,投资风险主要受内部治理机制的正向影响,外部机制的影响力较弱;而承保风险同时受到内外部机制显著的负向影响;(3)我国保险公司内部治理机制完善性提升,但有效性可进一步提高;而外部治理机制完善性有待提升,但已有机制有效性较好。
[Abstract]:Based on the microscopic data of Chinese insurance industry from 2007 to 2014, a structural equation model is constructed. From the perspective of corporate governance, the structure equation model is applied to domestic insurance companies.The relationship between external governance mechanism and its risk bearing and its specific mechanism are analyzed and discussed.It is found that there are differences in the influence of insurance company governance on different types of risk assumption: insurance company governance has a positive impact on investment risk, but a negative impact on underwriting risk.The investment risk is mainly influenced by the internal governance mechanism, while the external mechanism is weak, while the underwriting risk is significantly negative influenced by the internal and external mechanism) the perfection of the internal governance mechanism of the insurance company in China is improved.But the effectiveness can be further improved, while the external governance mechanism needs to be improved, but the existing mechanism is better.
【作者单位】：北京大学经济学院;北京国有资本经营管理中心;
【基金】：中国教育部重大研究课题《我国商业养老保险制度体系与运行机制研究》(14JZD027) 中国保险学会教保人身保险高校课题《大资管时代寿险公司资金运用的有效模式和途径》(jiaobao2016-01)资助
【分类号】：F271;F842.4

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