SHAREHOLDERS VALUE AND CATASTROPHE BONDS. AN EVENT STUDY ANALYSIS AT EUROPEAN LEVEL

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Constantin, Laura-Gabriela; Cernat-Gruici, Bogdan; Lupu, Radu; Nadotti Loris, Lino Maria;
(2015)
  • Publisher: VADEA d.o.o.
  • Journal: Journal of economic and social developmen,volume 2,issue 1 (issn: 1849-6628, eissn: 1849-3327)
  • Publisher copyright policies & self-archiving
  • Subject: alternative risk transfer solutions; catastrophe bonds; competitive advantage; event study; GARCH model

Considering that the E.U. based (re)insurance companies are increasingly active within the segment of alternative risk transfer market, the aim of the present paper is to emphasize the impact of issuing cat bonds on the shareholders’ value for highlighting the competiti... View more
  • References (28)
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