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The Impact of Firm Franchise Value on Asset Allocation: An Analysis of Property-Liability Insurance Firms

By Tong Yu and Bingxuan Lin


The authors gratefully acknowledge financial support from the College of Business Administration at the University of Rhode Island. We would like to thank Tian Xiao at NAIC for useful comments and Xuanjuan Chen, doctoral student at University of Rhode Island, for computational assistance. We also thank participants at the 2003 Western Risk and Insurance Conference. All errors are sole responsibility of th

Year: 2003
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