Insurer Ownership Structure and Executive Compensation as Complements
Publication
, Journal Article
Marx, LM; Mayers, D; Smith, CW
Published in: Journal of Risk and Insurance
January 1, 2001
The authors apply results on complementarities to theories of insurance companies' choices of ownership structure and executive compensation. They identify minimal restrictions on the interaction between firm policies and exogenous characteristics for theories to have testable implications for reduced-form regression coefficients. Obtaining testable implications for structural-equation regression coefficients requires additional identifying restrictions. The authors' analysis highlights a basic tradeoff between theory and statistical methods.
Duke Scholars
Published In
Journal of Risk and Insurance
DOI
ISSN
0022-4367
Publication Date
January 1, 2001
Volume
68
Issue
3
Start / End Page
449 / 464
Related Subject Headings
- Finance
- 1502 Banking, Finance and Investment
Citation
APA
Chicago
ICMJE
MLA
NLM
Marx, L. M., Mayers, D., & Smith, C. W. (2001). Insurer Ownership Structure and Executive Compensation as Complements. Journal of Risk and Insurance, 68(3), 449–464. https://doi.org/10.2307/2678118
Marx, L. M., D. Mayers, and C. W. Smith. “Insurer Ownership Structure and Executive Compensation as Complements.” Journal of Risk and Insurance 68, no. 3 (January 1, 2001): 449–64. https://doi.org/10.2307/2678118.
Marx LM, Mayers D, Smith CW. Insurer Ownership Structure and Executive Compensation as Complements. Journal of Risk and Insurance. 2001 Jan 1;68(3):449–64.
Marx, L. M., et al. “Insurer Ownership Structure and Executive Compensation as Complements.” Journal of Risk and Insurance, vol. 68, no. 3, Jan. 2001, pp. 449–64. Scopus, doi:10.2307/2678118.
Marx LM, Mayers D, Smith CW. Insurer Ownership Structure and Executive Compensation as Complements. Journal of Risk and Insurance. 2001 Jan 1;68(3):449–464.
Published In
Journal of Risk and Insurance
DOI
ISSN
0022-4367
Publication Date
January 1, 2001
Volume
68
Issue
3
Start / End Page
449 / 464
Related Subject Headings
- Finance
- 1502 Banking, Finance and Investment