頁籤選單縮合
題 名 | Applying GM(1,N) in Analyzing the Influences of Economic Factors on Life Insurance Companies' Z-Scores |
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作 者 | Hsu, Ker-tah; | 書刊名 | Journal of Grey System |
卷 期 | 11:2 2008.06[民97.06] |
頁 次 | 頁59-66 |
分類號 | 563.7 |
關鍵詞 | Z-score; GM(1,1) mode; Systematic risk; |
語 文 | 英文(English) |
英文摘要 | The insurance companies' failure has a great impact on the whole financial system and economy. Based on Altman (1968), the Z-Scores of the TSEC listed insurance companies are calculated as their credit score. The grey model, GM (1,N) is employed to analyze the influences of macroeconomic factors, industrial economic factors and company-specific factors on Z-Scores. The results illustrate that only beta has significant b values and consistent influences on the credit scores of the TSEC listed insurance companies. The sign of beta's b value is positive. It might imply that the credit risk is not a systematic risk. |
本系統中英文摘要資訊取自各篇刊載內容。