Efficiency and Stock Returns : Evidence from the Insurance Industry

This study investigates whether capital market values the efficiency of firms. Tracing stock returns and efficiency changes of 399 listed insurance firms in 52 countries during the 2002-2008 period, the paper reports a positive and statistically significant relationship between profit efficiency change and market adjusted stock returns. However, there is no robust evidence that cost efficiency change is associated with stock returns

MoreLess

Year of publication:	2013
Authors:	Gaganis, Chrysovalantis
Other Persons:	Hasan, Iftekhar (contributor) ; Pasiouras, Fotios (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Versicherung \| Insurance \| Effizienz \| Efficiency \| Kapitaleinkommen \| Capital income \| Kapitalmarktrendite \| Capital market returns \| Welt \| World
Description of contents:	Abstract [papers.ssrn.com]

Check Google Scholar |

More access options

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Productivity Analysis, Forthcoming Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 16, 2013 erstellt Volltext nicht verfügbar
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013080526