保险公司董事会独立性与财务绩效的实证分析—基于美国保险市场的研究.pdfVIP

Management Science and Engineering 管理科学与工程, 2017, 6(1), 20-27 Published Online March 2017 in Hans. /journal/mse /10.12677/mse.2017.61004 An Empirical Analysis about Board Independence and Financial Performance of Insurance Companies —Based on American Insurance Market 1 2 Yefu Kou , Jianchuan Zhao 1 China Actuarial Research Institute, Central University of Finance and Economics, Beijing 2 School of Insurance, Central University of Finance and Economics, Beijing nd th rd Received: Mar. 2 , 2017; accepted: Mar. 20 , 2017; published: Mar. 23 , 2017 Abstract The board independence is a key condition for the board to give full play to governance functions, but the studies on the influence of board independence to corporate governance of insurance companies are rare. Based on the availability and completeness of data, this paper uses the rele- vant data of US listed insurers from 2009 to 2015, and uses the methods of correlation analysis and regression analysis to study the relationship between board independence and financial per- formance. This paper draws the following conclusions: the proportion of independent directors in US listed life insurers is significantly negatively correlated with financial performance, while non-life insurers show no significant positive correlation; whether in life insurance companies or non-life insurance companies, the leadership structure and financial performance are not signifi- cant positive correlation. Keywords Board Independence, Financial Performance, Corporate Governance, American Insurance Company 保险公司董事会独立性与财务绩效的实证分析 —基于美国保险市场的研究 1 2 寇业富 ，赵建川