This study uses game theory to consider the impact of loss control (LC) and monitoring costs on insurers' monitoring activities and investigate how the level of the insurance premium changes monitoring activities. The main results are as follows. First, a firm always undertakes LC when the LC...

The purpose of this paper is to introduce and explain the motivation behind the Risk and Insurance Seminar (RIS) and the design of its educational courses. Furthermore, we will describe contacts with people in industry through the RIS and the expected outcomes for participating students. Since...

We investigate the significant effects of the September 11 attacks on the Japanese stock market, one of the largest markets in the world. Although several studies have examined the impact of the attacks on the domestic U.S. stock market, few studies have analyzed their impact on the foreign...