The Effects of Organizational Form on Capital Structure: The Case of Stock and Mutual Property-Liability Insurance Firms
Prabir Datta and
Neil A. Doherty
Chapter 8 in Risk, Information and Insurance, 1991, pp 165-182 from Springer
Abstract:
Abstract The insurance industry has two major types of ownership structures—stock and mutual firms. A mutual firm is one owned and nominally controlled by its policyholders, while a stock company is owned by its stockholders who may or may not own policies written by the firm.
Keywords: Capital Structure; Call Option; Insurance Industry; Insurance Contract; Secondary Market (search for similar items in EconPapers)
Date: 1991
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-94-009-2183-2_8
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DOI: 10.1007/978-94-009-2183-2_8
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