D
David W. Sommer
Researcher at St. Mary's University
Publications - 34
Citations - 1952
David W. Sommer is an academic researcher from St. Mary's University. The author has contributed to research in topics: Incentive & Corporate governance. The author has an hindex of 21, co-authored 34 publications receiving 1838 citations. Previous affiliations of David W. Sommer include University of Mississippi & University of Georgia.
Papers
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Journal ArticleDOI
Capital and risk in property-liability insurance markets
J. David Cummins,David W. Sommer +1 more
TL;DR: In this paper, a theoretical model based on option pricing theory is developed which predicts a positive relationship between insurer capital and risk, as firms balance these two factors to achieve their desired overall insolvency risk.
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The Impact of Firm Risk on Property-Liability Insurance Prices
TL;DR: In this paper, the authors examined the impact of an insurer's level of insolvency risk on the prices the insurer obtains for its products in the property-liability insurance market.
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Determinants of Corporate Diversification: Evidence From the Property–Liability Insurance Industry
TL;DR: This article analyzed variations in line-of-business diversification status and extent among property-liability insurers and found that the extent of diversification is not driven by risk pooling considerations; insurers operating in more volatile business lines do not diversify more.
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Property-liability insurer financial strength ratings: differences across rating agencies
TL;DR: In this article, the authors investigated the factors influencing the decision to obtain a rating or multiple ratings, the determinants of ratings for the three major insurer rating agencies, and reasons for differences in ratings across agencies.
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Monitoring, ownership, and risk-taking: the impact of guaranty funds
David H. Downs,David W. Sommer +1 more
TL;DR: In this paper, the authors investigated the relation between insider ownership and risk-taking in the property-liability insurance industry and provided evidence regarding the risk-subsidy and monitoring hypotheses.