| Summary: | 碩士 === 國立高雄第一科技大學 === 金融理財研究所 === 99 === Risk-Based Capital system (RBC) was implemented since July 2003. This system attempted to monitor the financial structure of an insurance company, reduce the risk that a company might be unable to clear off the debt, and encourage a company to pay attention to its property structure and the risked revolved around its capital. The present study examined whether capital structure and percentage of equity holdings by industry among Taiwanese insurance companies would appear differences after implementing Risk-Based Capital system.
This study employed a series of independent sample T-tests to investigate the effects of RBC system on capital structure and percentage of equity holdings by industry across different insurance companies in Taiwan. Further, the target companies were categorized into six types: 1. finance holding company and non- finance holding company 2. foreign venture and local company .3 capital . The results indicated that after RBC system, percentage of equity holdings by industry among finance holding company and non- finance holding company and insurance companies holding by local corporation decreased. However, no significant differences regarding percentage of equity holdings were found. According to capital, insurance company of middle capital asset appeared to decrease the investment on the stock market. Further analyses found that in addition to stock variation, RBC also had positive effects on percentage of equity holdings by non- finance holding company and insurance company of low capital asset.
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