In addition to premiums, investment income is one of the two main sources of capital for property-casualty (P/C) insurance companies. This study investigates short-term equity trading behavior of P/C insurers in the United States in 2007 and 2008, and finds that over 27 percent of non-group...

Using trading data from the Korean equity market, where individual investors are active, we investigate whether there is any difference amongst individual investors, domestic institutional investors and foreign institutional investors in trading responses to analyst reports. We also examine the...