{"title":"Examining the relationship between intellectual capital and solvency risk: The moderating effect of the board of directors","authors":"Chen-Ying Lee","doi":"10.1002/cjas.1765","DOIUrl":null,"url":null,"abstract":"<p>This study explores the impact of intellectual capital (IC) on solvency risk and examines the moderating effect of the board of directors. This study used fixed-effect analysis and hierarchical regression models to test the research hypotheses. The results reveal that IC composition significantly impacts insurers' solvency risk. Additionally, independent directors of life insurers have a positive impact on solvency, and non-life insurers' board size has a positive impact on solvency. Moreover, we find that the board of directors has a moderating effect on IC and solvency risks in life insurance. Fundamentally, the results provide valuable implications for insurers in improving their solvency and supervision bases for the competent authorities.</p>","PeriodicalId":47349,"journal":{"name":"Canadian Journal of Administrative Sciences-Revue Canadienne Des Sciences De L Administration","volume":"42 2","pages":"254-268"},"PeriodicalIF":1.2000,"publicationDate":"2024-09-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Canadian Journal of Administrative Sciences-Revue Canadienne Des Sciences De L Administration","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1002/cjas.1765","RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 0
Abstract
This study explores the impact of intellectual capital (IC) on solvency risk and examines the moderating effect of the board of directors. This study used fixed-effect analysis and hierarchical regression models to test the research hypotheses. The results reveal that IC composition significantly impacts insurers' solvency risk. Additionally, independent directors of life insurers have a positive impact on solvency, and non-life insurers' board size has a positive impact on solvency. Moreover, we find that the board of directors has a moderating effect on IC and solvency risks in life insurance. Fundamentally, the results provide valuable implications for insurers in improving their solvency and supervision bases for the competent authorities.
期刊介绍：
The Canadian Journal of Administrative Sciences (CJAS) is a multidisciplinary, peer-reviewed, international quarterly that publishes manuscripts with a strong theoretical foundation. The journal welcomes literature reviews, quantitative and qualitative studies as well as conceptual pieces. CJAS is an ISI-listed journal that publishes papers in all key disciplines of business. CJAS is a particularly suitable home for manuscripts of a crossdisciplinary nature. All papers must state in an explicit and compelling way their unique contribution to advancing theory and/or practice in the administrative sciences.
求助内容：
应助结果提醒方式：
京公网安备 11010802042870号
