Arbeitspapier
Regulations, institutions and income smoothing by managing technical reserves: international evidence from the insurance industry
This paper investigates the role of technical reserves in the income smoothing behavior of insurance companies. This is one of the first attempts in the literature to trace such relationship in the insurance industry, especially at a multi-country setting. The experience of 770 insurance firms operating in 87 countries over the period 2000-2009 reveals that there is a significant evidence of income smoothing. The paper also finds that institutional characteristics, e.g., the rule of law, common law legal origin, economic freedom, and regulations relating to technical provisions and supervisory power constrain income smoothing but other factors such as capital requirements, tax deductibility of provisions, auditing, and corporate governance do not have a significant effect.
- ISBN
-
978-952-323-058-3
- Language
-
Englisch
- Bibliographic citation
-
Series: Bank of Finland Research Discussion Papers ; No. 15/2015
- Classification
-
Wirtschaft
- Event
-
Geistige Schöpfung
- (who)
-
Gaganis, Chrysovalantis
Hasan, Iftekhar
Pasiouras, Fotios
- Event
-
Veröffentlichung
- (who)
-
Bank of Finland
- (where)
-
Helsinki
- (when)
-
2015
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Gaganis, Chrysovalantis
- Hasan, Iftekhar
- Pasiouras, Fotios
- Bank of Finland
Time of origin
- 2015
Other Objects (12)
Real effects of bank capital regulations: Global evidence
Bank regulations and income inequality: Empirical evidence
Do networks in the stock exchange industry pay off? European evidence
A note on foreign bank entry and bank corporate governance in China
Pricing risky bank loans in the new Basel II environment
Subordinated debt, market discipline, and bank risk
Credit default swaps and bank loan sales: evidence from bank syndicated lending
Banks' option to lend, interest rate sensitivity, and credit availability
The effects of (within and with EU) regional integration: Impact on real effective exchange rate volatility, institutional quality and growth for MENA countries
Development and efficiency of the banking sector in a transitional economy: Hungarian experience
Secrecy, information shocks, and corporate investment: Evidence from European Union countries
Should competition policy in banking be amended during crises? Lessons from the EU
Real effects of bank capital regulations: Global evidence
Bank regulations and income inequality: Empirical evidence
Do networks in the stock exchange industry pay off? European evidence
A note on foreign bank entry and bank corporate governance in China
Pricing risky bank loans in the new Basel II environment
Subordinated debt, market discipline, and bank risk
Credit default swaps and bank loan sales: evidence from bank syndicated lending
Banks' option to lend, interest rate sensitivity, and credit availability
The effects of (within and with EU) regional integration: Impact on real effective exchange rate volatility, institutional quality and growth for MENA countries
Development and efficiency of the banking sector in a transitional economy: Hungarian experience
Secrecy, information shocks, and corporate investment: Evidence from European Union countries
Should competition policy in banking be amended during crises? Lessons from the EU
Real effects of bank capital regulations: Global evidence
Bank regulations and income inequality: Empirical evidence
Do networks in the stock exchange industry pay off? European evidence
A note on foreign bank entry and bank corporate governance in China
Pricing risky bank loans in the new Basel II environment
Subordinated debt, market discipline, and bank risk
Credit default swaps and bank loan sales: evidence from bank syndicated lending
Banks' option to lend, interest rate sensitivity, and credit availability
The effects of (within and with EU) regional integration: Impact on real effective exchange rate volatility, institutional quality and growth for MENA countries
Development and efficiency of the banking sector in a transitional economy: Hungarian experience
Secrecy, information shocks, and corporate investment: Evidence from European Union countries