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本文采用国内60家寿险公司的公开披露信息和年度报告在2014年的截面数据,从样本总体和中外资公司分类两个层面研究寿险公司治理结构对其偿付能力的影响。研究中在对数据进行可选筛选和分类后建立模型做多元线性回归,结果显示治理结构改善对寿险公司偿付能力的提高有显著影响,但不同类型公司的具体影响机制不同。在“偿二代”背景下,各公司应关注股权集中程度、监事会规模、股东大会与董事会专业委员会建设等方面改善内部治理,这对提高其偿付能力充足率、满足新一代监管要求具有不可忽视的作用。
In this paper, based on the publicly disclosed information of 60 domestic life insurance companies and the 2014 annual cross-sectional data of annual reports, this paper studies the impact of the governance structure of life insurance companies on their solvency from the overall sample and the classification of Chinese and foreign-funded companies. Multiple linear regression models were established after the data were screened and classified. The results show that the improvement of governance structure has a significant impact on the improvement of solvency of life insurance companies, but different types of companies have different impact mechanisms. Under the background of “paying for second generation”, all the companies should pay attention to the degree of ownership concentration, the size of the board of supervisors, the general meeting of shareholders and the construction of professional committees of the board of directors to improve internal governance. This will improve the adequacy ratio of solvency and meet the requirements of the new generation of regulatory requirements Can not be ignored role.