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http://dx.doi.org/10.5762/KAIS.2011.12.7.2982

The Effect on the Value of the Life Insurance company by Using Derivatives  

Roh, Myeong-Ho (HanVit Management Laboratory,)
Kim, Dong-Hwan (Department of Business Administration, Hoseo University)
Publication Information
Journal of the Korea Academia-Industrial cooperation Society / v.12, no.7, 2011 , pp. 2982-2990 More about this Journal
Abstract
The puporse of this research is to analyze the impacts of derivatives to firm value. The sample of this research consists of 20 domestic life insurance companies and the duration of the research is the year between 2002 and 2009. And multi-regression analysis by cross-sectional analysis approach is used for the entire sample in this study. The result of the research indicates the impact of derivatives use on the value of the firm, which was the original focus of this study, is insignificant. And firm value increases as the leverage, rate of return on a loan, the ratio of product for annuity and the ratio of expense decrease.
Keywords
Derivatives; Insurance; Valuation;
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  • Reference
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