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...

Share market react to the each event occur in the market. In Sri Lanka, there are only few evidence linked between release of annual financial statement and share prices. Therefore, this study scrutinizes stock market reaction to the release of annual financial statements of selected listed...