The combined effect of enterprise risk management and diversification on property and casualty insurer performance
| dc.contributor.author | Ai, Jing, author | |
| dc.contributor.author | Bajtelsmit, Vickie, author | |
| dc.contributor.author | Wang, Tianyang, author | |
| dc.contributor.author | Journal of Risk and Insurance, publisher | |
| dc.date.accessioned | 2020-05-12T16:29:25Z | |
| dc.date.available | 2020-05-12T16:29:25Z | |
| dc.date.issued | 2016-08-16 | |
| dc.description | Includes bibliographical references (pages 24-27). | |
| dc.description | Published as: Journal of Risk and Insurance, vol. 85, no. 2, June 2018, pp. 513–543. https://doi.org/10.1111/jori.12166. | |
| dc.description.abstract | In a well‐designed enterprise risk management (ERM) program, the firm integrates risk management into the strategic planning process, addressing strategic, financial, operational, and hazard risks under a single overarching process. This is particularly important to large financial firms, such as property and casualty (P&C) insurers, which face a diverse set of risks. Using a sample of P&C insurers with S&P ERM quality ratings from 2006 to 2013, we find that the quality of a firm's ERM is a significant determinant of P&C insurer performance and that, for firms with high‐quality ERM programs, product line diversification has a significant positive effect on performance. | |
| dc.format.medium | born digital | |
| dc.format.medium | articles | |
| dc.identifier.bibliographicCitation | Ai, J., Bajtelsmit, V., & Wang, T. (2018). The Combined Effect of Enterprise Risk Management and Diversification on Property and Casualty Insurer Performance. Journal of Risk and Insurance, 85(2), 513–543. https://doi.org/10.1111/jori.12166 | |
| dc.identifier.uri | https://hdl.handle.net/10217/206710 | |
| dc.language | English | |
| dc.language.iso | eng | |
| dc.publisher | Colorado State University. Libraries | |
| dc.relation.ispartof | Faculty Publications | |
| dc.rights | ©2016 John Wiley & Sons, Inc. Author can archive pre-print. Author can archive post-print but subject to 12 months embargo for scientific, technical and medicine titles or 2 years embargo for humanities and social science titles. | |
| dc.rights | Copyright and other restrictions may apply. User is responsible for compliance with all applicable laws. For information about copyright law, please see https://libguides.colostate.edu/copyright. | |
| dc.subject | enterprise risk management (ERM) | |
| dc.subject | diversification | |
| dc.subject | property and casualty | |
| dc.subject | insurance company performance | |
| dc.title | The combined effect of enterprise risk management and diversification on property and casualty insurer performance | |
| dc.type | Text |
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