In this paper we estimate the equity beta and cost of capital of Japanese property liability insurance companies. For this, we obtain the overall equity beta and cost of capital for each company and then estimate the equity beta and cost of capital by the business lines. To obtain a company’s...

In this paper we estimate the equity beta and cost of capital of Japanese property liability insurance companies. For this, we obtain the overall equity beta and cost of capital for each company and then estimate the equity beta and cost of capital by the business lines. To obtain a company's...

This paper empirically examines the effects of the changing business strategies (e.g., new stock tie-up alliances, expanding tie-up alliances, and Mergers and Acquisitions (M&A) of Japanese financial institutions listed on the stock market. Different market effects on banks, security companies,...