中国寿险公司多元化经营的风险分析
    点此下载全文
引用本文:刘娜,易佳,杨昊维.中国寿险公司多元化经营的风险分析[J].财经理论与实践,2014,(3):26-30
摘要点击次数: 541
全文下载次数: 0
作者单位
刘娜,易佳,杨昊维 (湖南大学 金融与统计学院湖南 长沙410079) 
中文摘要:选取新华、国寿、太平、泰康、平安等五家寿险集团公司从2001~2011年每年绩效指标中总资产收益率和净资产收益率的标准差作为度量公司风险的指标,将五家公司的业务线熵指数的均值作为多元化经营的指标进行实证分析。结果表明:多元化经营与寿险公司总资产收益率、净资产收益率的标准差之间存在一定的非线性关系,即多元化经营在一定范围内可以降低ROA和ROE的波动性,但在一定范围内又可能会增大这种波动性。
中文关键词:寿险公司  多元化经营  风险分析  熵指数
 
A Risk Analysis on Diversified operation of Life Insurance Company in China
Abstract:This paper chooses the standard deviation of the return on assets and the return on equity of five life insurance groups, Xinhua, China Life Insurance, Taiping, Taikang and Pingan during 2001-2011 as the measure of firm-specific risk. The mean of the Lines Entropy Index of five life insurance groups is selected as the index of diversified operation. The paper takes them for empirical analysis. The results show that the diversified operation has a non-linear relationship with the standard deviation of the return on assets and the return on equity of the life insurance company. That is to say, the diversified operation can reduce the volatility of ROA and ROE to some extent. However,diversified operation may increase the volatility of ROA and ROE.
keywords:Life insurance company  Diversified operation  Risk analysis  Lines entropy index
查看全文   查看/发表评论   下载pdf阅读器