Researchers from Lingnan University Describe Findings in Insurance (Are Female Ceos Associated With Lower Insolvency Risk? Evidence From the Us Property-casualty Insurance Industry): Insurance

2023 AUG 28 (NewsRx) -- By a News Reporter-Staff News Editor at NewsRx Policy and Law Daily -- Research findings on Insurance are discussed in a new report. According to news reporting originating in Hong Kong, People’s Republic of China, by NewsRx journalists, research stated, “This paper investigates the relationship between female CEOs and insolvency risk of US property-casualty insurance companies.”

The news reporters obtained a quote from the research from Lingnan University, “We show that female CEOs are associated with lower insurer insolvency propensity, higher z-score, and lower standard deviation of return on assets. These findings are robust to alternative econometric specifications to address potential endogeneity concerns and self-selection issues, including propensity score matching, the instrumental variable approach, and the difference-in-difference approach.”

According to the news reporters, the research concluded: “Furthermore, we find that the impact of female CEOs on insurer insolvency risk is moderated by firm capitalization, the presence of female directors, and political conservatism of insurers’ home states.”

This research has been peer-reviewed.

For more information on this research see: Are Female Ceos Associated With Lower Insolvency Risk? Evidence From the Us Property-casualty Insurance Industry. Journal of Risk and Insurance, 2023. Journal of Risk and Insurance can be contacted at: Wiley, 111 River St, Hoboken 07030-5774, NJ, USA. (Wiley-Blackwell - http://www.wiley.com/; Journal of Risk and Insurance - http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1539-6975)

Our news correspondents report that additional information may be obtained by contacting Jiang Cheng, Lingnan University, Faculty of Business, Dept. of Finance & Insurance, Tuen Mun, Hong Kong, People’s Republic of China.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1111/jori.12439. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

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