Research on the Incentive and Restraint Mechanisms for Management Incentives in Chinese Insurance Companies

Author: Li Youxiang
Publisher:
Publish Date: 2006-09-01
Features: This book explores the incentive and constraint mechanisms for the management of Chinese insurance companies, covering a wide range of fields. It is both a theoretically strong topic and a practically oriented one, involving content from finance, economics, and insurance, as well as management, behavioral science, ethics, and even marginal sciences like game theory. The book makes certain pioneering contributions to research in this field. Based on analysis, it combines relevant new research from both China and abroad with the development direction of China's insurance company system reform, proposing a target model for the incentive and constraint mechanisms of management in Chinese insurance companies. The book focuses on normative research on the incentive and constraint mechanisms of management, partly because there are fewer relevant research papers in the industry, and partly because of the severe lack of statistical data on management compensation in insurance companies, which hinders the book's empirical research—a major limitation. For the convenience of studying the problem, the book makes certain assumptions about the complex real-world situation. The conclusions derived from these assumptions may differ somewhat from those based on real-world conditions.