Eckles, David L.; Halek, Martin; Zhang, Rongrong - In: Journal of Risk & Insurance 81 (2014) 4, pp. 861-882
type="main" xml:lang="en" <title type="main">Abstract</title> <p>This article applies a unique accruals measure to empirically test whether accruals quality affects the cost of capital for property–liability insurers. We utilize insurer loss reserve errors to accurately measure the quality of accruals. This measure, as...</p>