保险公司价值最大化下的最优资本研究  

On Value Maximization and Optimal Capital of Insurance Company

作　　者：高志强[1] 张梦琳[1] 

机构地区：[1]南开大学风险管理与保险学系,天津300071

出　　处：《中南财经政法大学学报》2009年第3期84-88,共5页Journal of Zhongnan University of Economics and Law

摘　　要：本文以保险公司的价值评估作为切入点,在考虑破产的情况下,利用数值分析的方法研究了资本量来对保险公司价值的影响,得出如下结论:保险公司可以通过改变持有的资本量来实现价值最大化;提高保费、减少费用,可以减少保险公司的最优资本量,并提高保险公司的价值;保险资本的机会成本、委托代理成本越高,保险公司的最优资本量就越少,保险公司的价值就越小。Based on the theory of valuation of insurance company,this paper studies the impact of capitalization on the value of insurance company when considering bankruptcy.Meanwhile,this paper does sensitivity tests to analyze the impact of premium,fees and costs of insurance capital on insurance company's optimal capital and its value.At last,this paper shows that insurance company can maximize its value through capitalization;increasing premium or decreasing fees will lower the level of insurance company's optimal capital and increase its value;increasing the costs of insurance company will lower the level of insurance company's optimal capital and its value.

关 键 词：保险公司 价值最大化 最优资本 

分 类 号：F840[经济管理—保险]