Meador, Joseph W.; Trahan, Emery Anthony - In: Journal of risk and financial management : JRFM 1 (2008) 1, pp. 77-99
We examine the impact of demutualization announcements by 13 life insurance companies during 1996-2000 on the value of existing stock-owned life insurance companies and companies in other segments of the insurance industry. Demutualization announcements are associated with negative stock price...