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Corporate Governance

Why Large Corporations Purchase Property/Liability Insurance

Brian Main

ArticleIn-Depth
Abstract
The purchase of property/liability insurance by a large, widely held corporation may be,from the view of a diversified equity holder redundant at best,and considering the high transaction costs involved, potentially wasteful. Yet responses from a survey of the Fortune 500 reveal that corporations find insurance an attractive method of compensating for various market imperfections.
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Winter 1983

Volume 25
Issue 2


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California Management Review

Published at Berkeley Haas for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

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