Zhang, Tao; Cox, Larry A.; Van Ness, Robert A. - In: The journal of risk and insurance : the journal of the … 76 (2009) 2, pp. 295-321
While adverse selection problems between insureds and insurers are well known to insurance researchers, few explore adverse selection in the insurance industry from a capital markets perspective. This study examines adverse selection in the quoted prices of insurers' common stocks with a...
