Is catering rewarded? : evidence from the insurance industry

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Articles Articles Is catering rewarded? : evidence from the insurance industry - Ma, Yu-Luen

Collection: Articles

Title: Is catering rewarded? : evidence from the insurance industry / Yu-Luen Ma, Yayuan Ren

Author: Ma, Yu-Luen Icono con lupa

Notes: Sumario: Ma and Ren, find that insurers cater to the market's preference when making decisions on growth. In this paper, we further examine whether the catering behavior is rewarded by higher market valuation in both short term and long term and whether the catering involves greater risk. We find that insurers catering to the stock market's preference receive a greater abnormal return in the short term, but not in the long term. Insurers that frequently cater are found to have higher volatility, smaller size and lower profitability, which deserves regulatory attention

Other authors: Ren, Yayuan Icono con lupa

Other categories: 219

Derechos: In Copyright (InC): http://rightsstatements.org/vocab/InC/1.0/

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