S. R. Diacon's research while affiliated with University of Nottingham and other places

Publications (5)

Article
The purpose of this paper is to discuss the possibility that decisions on corporate insurance purchases may have a strategic dimension. The conventional literature has focused on the ability of insurance to add value to the firm by limiting the impact of risk on risk averse stakeholders or reducing the cost of such risk. The key argument in this pa...
Article
Full-text available
This paper seeks to explore the implementation of corporate ethical culture and policies as an adjunct to formal forms of corporate governance. The insurance industry utilises a variety of external governance structures, but is almost unique in that stock companies (which are exposed to an external market for corporate control) and mutual companies...
Article
Full-text available
Concern about ethical practices in the marketing of financial services has increased in recent years, despite an apparent strengthening of the regulatory framework. In part the ethical problems associated with the promotion and distribution of financial services may be attributable to specific features of the market such as asymmetric information....
Article
This paper attempts to explain why large UK corporations undertake measures to reduce the risks to which their employees are exposed, namely those of occupational injury and/or redundancy. Empirical results are based on a postal questionnaire survey of 127 corporate risk and finance managers selected from a population of the 350 largest UK companie...

Citations

... Such an arrangement enables the insurer (or captive) to spread some of its losses over a long period of time or to obtain a substantial return of premiums paid in the event that anticipated losses are not incurred (Bawcutt, 1997). ¯ows (Ashby and Diacon, 1996). Captive insurers can increase group cash ows through their use of the reinsurance market from commissions received and discounts on premiums paid. ...
... Some common external factors are the monopoly of agents, unawareness of customers, poor compensation policy (Diacon & Ennew, 1996), demography, top management, peers, corporate code of ethics (Eastman et al.,1996), organisational policy, environment towards ethics and focus on short-term benefits. These factors directly influence agents' ethical intentions (Kurland, 1996). ...
... One in five European citizens also is a customer of a cooperative bank (European Association of Co-operative Banks, 2020). Scholars from finance, strategy, human resources, and organizational studies highlight the advantages of such cooperatives (e.g., Diacon and Ennew, 1996;Leca et al., 2014;Nilsson, 2001), and marketing studies indicate their competitive advantages over other governance models (Byrne and McCarthy, 2014), due to their unique relationships with customers. In co-operatives, certain customers also are "members," such that they take dual roles as both clients (who use the cooperative's products and services) and stockowners (who legally own some social shares of the co-operative). ...
... The latter may be a more difficult task for the regulator, as it cannot simply observe whether the externally prescribed procedures are being followed but must become deeply familiar with each company's unique safety protocols. Ashby and Diacon (1996) warn that vaguely defined goals and processes can breed legal loopholes and make enforcement and prosecution problematic. ...
... The evolution of cybersecurity insurance is an example of how an increased variety of products improves the ability of firms to operate but also invites a discussion of how risk is shared rather than transferred, especially when actuarial data are inadequate and information asymmetric (Bodin et al., 2018). Insurance is also a unique area where cooperation and coordination among competing firms is possible (Ashby & Diacon, 1998). Nonetheless, the reality or perception of government relief or bailout may also cause firms to be indifferent to perils, giving rise to concerns relating to moral hazard (McLeman & Smit, 2006) potentially leading to a substantially riskier system. ...