摘要
资本管理在保险企业资产负债管理中有着非常重要的作用。风险调整后的资本回报率(risk-adjusted re-turn on capital,RAROC)是将经济资本和保险企业价值连接起来的纽带,是近年来被公认的有效进行资本管理的核心技术手段。在保险企业经济资本配置中使用RAROC管理模型能更为有效的实现企业控制风险、优化资源配置和股东价值最大化的经营目标。这一配置过程体现了保险企业经营的稳健性特征。
Capital management plays an important role in the managerment of asset-liability in insurance companies of China.Risk-adjusted return on capital（RAROC） is the link between economic capital and enterprise value of insurance companies and it is a key method to manage capital.Economic capital allocation based on RAROC can control risks and optimize capital allocation.The goal is to realize overall value maximization of insurance companies.Such allocation obviously reflects the characteristic of stability in insurance company operation.
出处
《天津大学学报（社会科学版）》
CSSCI
2010年第4期322-326,共5页
Journal of Tianjin University：Social Sciences
关键词
经济资本
资本回报率
资本配置
economic capital
return on capital
capital allocation
