02996ntm a22004697i 4500 000551407 CZ-PrVSE 20181211161713.0 m d cr n|||||||||| 181211s2018 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Čarný, Ján ISIS:51149 dis Integration and Regulation of Financial Markets (A Case of an Insurance Market) eng Integration and Regulation of Financial Markets (A Case of an Insurance Market) / Ján Čarný 2018 ?? stran : digital, PDF soubor Vedoucí práce: Božena Kadeřábková Disertační práce (Ph.D.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby Economic theory predicts reduced demand for durable goods from companies with greater risk of future bankruptcy. A new regulation on the Czech insurance market requires companies to publish quarterly detailed data about their financial health (and a host of other data), in the hope that insurance buyers will adjust their purchases of insurance contracts (a durable good) accordingly. This thesis tests econometrically panel data on quarterly company sales of insurance (Life, Non-Life, Automotive) for sensitivity to financial health data published in compliance. Controlling for literature-standard demand factors, it finds no effect on any of the three markets under any of the three tested specifications of how customers interpret the data. The thesis also analyses the available alternatives which protect consumers from insurer bankruptcy even without the regulation, to argue that removing it could be a net social benefit. This proposition is supported by international research, which also suggests that certain provisions of the regulation (e.g. attention to gender-related pricing) could work to increase rather than decrease the risk of an insurer’s financial problems. The analysis draws up recommendations for economic policy. Způsob přístupu: Internet hospodářská politika [obor disert. práce] disertace fd132024 czenas dissertations eczenas regulation financial health consumer demand insurance Kadeřábková, Božena jn20010309853 ths Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/52694/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/52694 Hlavní práce https://insis.vse.cz/zp/52694/podrobnosti dc:identifier NEPOSILAT VSKP vse52694 181130 52694