Topics - Risk/Insurance

Question 1

Corporate Risk Management Foundation

Answer 1

Mayers and Smith (1982)
Smith and Stulz (1985)
Froot, Scharfstein, and Stein (1993)
Schrand and Unal (1998)

Question 2

Corporate Risk Management (determinants/effects)

Answer 2

Mayers and Smith (1990)
Tufano (1996)
Rountree, Weston, and Allayannis (2008)
Lin, Officer, Wang, and Zou (2013)

Question 3

Corporate Risk Management (effects)

Answer 3

Allayannis and Weston (2001)
Carter, Rogers, and Simkins (2006)
Jin and Jorion (2006)
Cornaggia (2013)

Question 4

Insurer Risk Management

Answer 4

Cummins, Phillips, and Smith (2001)
Adams, Hardwick, and Zou (2008)
Liebenberg and Sommer (2008)
Cummins and Weiss (2009)

Question 5

Enterprise Risk Management (ERM)

Answer 5

Hoyt and Liebenberg (2011)
Baxter, Bedard, Hoitash, and Yezegel (2013)
Berry-Stolzle and Xu (2018)
Ai, Bajtelsmit, and Want (2018)

Question 6

Policy Reserves - Errors/Manipulations

Answer 6

Petroni (1992)
Gaver and Patterson (2004)
Eckles and Halek (2010)
Grace and Laverty (2012)

Question 7

Insolvency and Capital Markets

Answer 7

Sommer (1996)
Lee, Mayers, and Smith Jr. (1997)
Powell, Sommer, and Eckles (2008)
Niehaus (2018)

Question 8

Regulation

Answer 8

Grace and Phillips (2008)
Weiss, Tennyson, and Regan (2010)
Leverty (2011)
Leverty and Grace (2018)

Question 9

Adverse Selection and Moral Hazard

Answer 9

Rothschild and Stiglitz (1976)
Dahlby (1983)
Dionne and St. Michel (1991)
Cohen (2005)
Garven, Hilliard, and Grace (2014)

Question 10

Systematic Risk and the Financial Crisis

Answer 10

Cummins and Weiss (2014)
Chen et al. (2014)
Park and Xie (2014)
Berry-Stolzle, Nini, and Wende (2014)
Nanda, Wu, and Zhou (2018)