Do insurers manipulate loss reserves to mask solvency problems
Do insurers manipulate loss reserves to mask solvency problems
复制标题
保险公司是否操纵损失准备金来掩盖偿付能力问题
DOI：
10.1016/j.jacceco.2003.10.010
复制
发表时间：
2004
影响因子：
5.9
通讯作者：
Jeffrey S. Paterson
中科院分区：
文献类型：
--
作者：
Jennifer J. Gaver;Jeffrey S. Paterson
我们报告说，保险公司管理损失准备金，以避免违反某些测试比率界限（称为IRIS比率），监管机构用于偿付能力评估。在我们的样本中，几乎三分之二的公司，将违反四个或更多的IRIS比率成功地调整准备金，以减少报告的违规次数少于四个。这一发现意义重大，因为四项违规行为通常会引发监管干预。我们的研究结果表明，非盈利目标是一个重要的影响，酌情会计选择。他们还认为，储备操纵可能会推迟必要的监管干预，有时会推迟很长一段时间。
We report that insurance firms manage loss reserves to avoid violating certain test ratio bounds (known as IRIS ratios) that are used by regulators for solvency assessment. In our sample, almost two-thirds of the firms that would violate four or more IRIS ratios successfully adjust reserves to reduce the reported number of violations to less than four. This finding is significant because four violations usually trigger regulatory intervention. Our results indicate that non-earnings goals are an important influence on discretionary accounting choice. They also suggest that reserve manipulation can postpone needed regulatory intervention, sometimes for an extended period.