ON THE DEMAND FOR CORPORATE PROPERTY INSURANCE

@inproceedings{Hoyt2000ONTD,
  title={ON THE DEMAND FOR CORPORATE PROPERTY INSURANCE},
  author={Robert E. Hoyt and Ho Khang},
  year={2000}
}
Since changes in the firm-specific or unsystematic risks faced by a corporation have no effect on firm value, corporate insurance purchases might seem unwarranted. However, more than 57 percent of insurance premiums are paid by businesses. This apparent contradiction has motivated researchers to suggest factors other than simple risk reduction that create corporate incentives to purchase insurance. This article tests the practical validity of most of the analytic arguments regarding corporate… CONTINUE READING

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