We find out that the theory of coinsurance and that of internal capital market both can not explain the change of special capital structure of China's listed firms.
检验结果表明,共同保险理论和内部资本效率理论均无法解释我国上市公司特有的资本结构的变化。
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Instead, Sydnor suggest narrowing the universe by first looking at factors that don't have a huge impact like the coinsurance rate and the health care providers you really want.
Insurers often stipulate deductible amount, coinsurance clause and limit of liability in their contracts, so as to the directors and officers carry one part of the losses and costs.