Debt Financing and the Corporate Purchase of Property Insurance:Evidence from Chinese Non-listed Companies

摘要：

　　Using panel data set (2003-2007) for 4275 non-publicly listed manufacturing enterprises in the Peoples Republic of China (PRC), we have analyzed debt financing and corporate purchase of property insurance.The research outcomes show that the possibility and the amount of corporate to purchase property insurance will increase as the financial leverage, the interest cost of the debt and the duration of debt are increasing.This article concludes that there are double deficiencies in Chinese property insurance market.On the supplys side, there is deficiency to small companies; on the demand side, there is deficiency to large companies.Those conclusions provide a new perspective on Chinese property insurance market lags behind that of the developed countries.The research has also shown that there are great regional differences in Chinese property insurance market.

关键词： financial leverage debt maturities interest cost of debt property insurance

作者: Yang Kequan Ji yuhua Lv liwei

作者单位: Shanghai Lixin University of Commerce China Insurance Regulatory Commission Hanghai Finance University

会议类型: 国际会议

会议名称: The 4th Conference on Chinas Economic Operation Risk Management(2010·Shanghai)(第四届中国立信风险管理论坛)

会议地点: 上海

会议语种:英文

页码: 210-217

在线出版日期: 2010-10-14（万方平台首次上网日期，不代表论文的发表时间）