Luiz Augusto Ferreira Carneiro

São Paulo State University | Unesp · Department of Accounting and Actuarial Science

Financial and insurance theories explain that large widely-held corporations manage corporate risks if doing so is cost-ective to reduce frictional costs such as taxes, agency costs and financial distress costs. A large number of previous empirical studies, most in the U.S., have tested the hypotheses underlying corporate risk management with finan...

Reinsurance is widely recognised as important in insurer risk and capital management. This paper examines the factors that determine insurer demand for reinsurance using Australian data. The Australian situation is interesting because of the tax imputation system and the prudential regulations that were in force during the period of the study. As f...