infonet-economy

This paper evaluates whether sophisticated or simple systemic risk measures are more suitable in identifying which institutions contribute to systemic risk. In this investigation, DCoVaR, Marginal Expected Shortfall (MES), SRISK and Granger-Causality Networks are considered as sophisticated systemic risk measures. Market capitalization, total debt, leverage, the stock market returns…

Vergleicht man die Ausgestaltung der Zugangswege von Versicherern mit anderen Branchen, so lassen sich gravierende Unterschiede konstatieren: Tankstellen und Warenhäuser wandeln sich kontinuierlich und decken - neben der Kernleistung - eine Vielzahl zusätzlicher Bedürfnisse ab. Sportartikelhersteller wie Nike setzen mit Niketown genauso wie Apple mit seinen Genius Bars neue Massstäbe…

The aim of this paper is to analyze whether the level of surplus participation affects customer demand. We use multivariate linear regression models and data on surplus participation, new business, and lapse for the German life insurance market from 1998 to 2008. We find a significant positive dependence between surplus participation and new business growth as well as a significant…

Customer Value (CV) is one of the most crucial concepts in the field of marketing. Literature states that the identification and creation of CV is decisive for the strategic success of any organization. Moreover, CV was coined a hot research topic in the field of marketing for the years of 2010-2012 by the Marketing Science Institute (2011). However, there is still no clear opinion…

The least restrictive sufficient condition for expected utility to imply Sharpe ratio rankings is the location and scale (LS) property (see Sinn, 1983 and Meyer, 1987). The normal, the extreme value, and many other distributions commonly used in finance satisfy this property. We argue that the LS property is also sufficient for expected utility to imply drawdown-based performance…

The purpose of this research is to measure the performance of microinsurance programs using data envelopment analysis and to derive implications for the viable provision of microinsurance products. This is a worthwhile exercise given the significant limitations of the existing performance measures used in the microinsurance industry. A single and simple to interpret performance…