わが国の中小企業における生命保険需要 [in Japanese] On SMEs Life Insurance Demand in Japan [in Japanese]
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Although numerous theoretical and empirical articles investigate factors affecting corporate demand for insurance, empirical tests of small and medium-sized enterprises (SMEs) are very limited. Also, empirical tests of life insurance demand is limited. This article is one of the first attempts to empirically investigate the demand for life insurance demand of manufacturing SMEs. This study uses data obtained from questionnaire survey and accounting data for 909 manufacturing SMEs in Japan to test the determinants of life insurance demand. Regarding insurance demand of Japanese SMEs, firm size, bankruptcy probability and ownership structure are important factors in determining life insurance purchase by SMEs. Also, the results indicate that life insurance purchase is associated with relationship with banks in some firms.
- Journal of Household Economics
Journal of Household Economics 42(0), 1-14, 2015
The Japan Society of Household Economics