English  |  正體中文  |  简体中文  |  Post-Print筆數 : 11 |  Items with full text/Total items : 88645/118187 (75%)
Visitors : 23496611      Online Users : 295
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
Scope Tips:
  • please add "double quotation mark" for query phrases to get precise results
  • please goto advance search for comprehansive author search
  • Adv. Search
    HomeLoginUploadHelpAboutAdminister Goto mobile version
    Please use this identifier to cite or link to this item: http://nccur.lib.nccu.edu.tw/handle/140.119/75257


    Title: Does mortality improvement increase equity risk premiums? A risk perception perspective
    Authors: Huang, Rachel J.;Miao, J.C.Y.;Tzeng, L.Y.
    黃瑞卿;曾郁仁
    Contributors: 風險與保險研究中心
    Keywords: Demography;Equity risk premium;Mortality risk;Risk perception
    Date: 2013-06
    Issue Date: 2015-05-21 16:56:52 (UTC+8)
    Abstract: Using data for G7 countries over the period from 1950 to 2007, this paper finds that an unexpected shock to the mortality rate is significantly negatively correlated with the equity premium. A one basis point unexpected negative shock to the mortality rate increases both the one-year and five-year equity premiums by 0.54% and 1.66%, respectively. We also demonstrate how financial institutions could use our findings to hedge the risk of mortality-linked securities. © 2013 Elsevier B.V.
    Relation: Journal of Empirical Finance, 22, 67-77
    Data Type: article
    DOI 連結: http://dx.doi.org/10.1016/j.jempfin.2013.03.002
    DOI: 10.1016/j.jempfin.2013.03.002
    Appears in Collections:[風險管理與保險學系 ] 期刊論文

    Files in This Item:

    File Description SizeFormat
    67-77.pdf381KbAdobe PDF421View/Open


    All items in 政大典藏 are protected by copyright, with all rights reserved.


    社群 sharing

    著作權政策宣告
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - Feedback