The Impact of EIOPA statement on insurers' dividends : evidence from equity market
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Tag | 1 | 2 | Valor |
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LDR | 00000cam a22000004b 4500 | ||
001 | MAP20200027409 | ||
003 | MAP | ||
005 | 20200814110706.0 | ||
008 | 190221s2020 deu|||| ||| ||eng d | ||
040 | $aMAP$bspa$dMAP | ||
084 | $a6 | ||
245 | 1 | 4 | $aThe Impact of EIOPA statement on insurers' dividends $b: evidence from equity market$cEIOPA |
260 | $aFrankfurt$bEIOPA$c2020 | ||
300 | $a13 p. | ||
520 | $aIn an environment of a quick unfolding crisis with high uncertainty, the European Insurance and Occupational Pensions Authority issued on 2nd April 2020 a statement requesting (re)insurers to suspend all discretionary dividend distributions and share buy backs aimed at remunerating shareholders. Although, this should have a positive impact on the overall financial stability of the sector, it could have a negative impact on insurers' equity prices as a response to the published statement. Hence, this article empirically investigates this potential effect using an event study methodology. Although, negative drops were observed in some cases, the obtained empirical results suggest that they were not statistically significant for the overall European insurers' equity market when considering the event windows covering a few days after the publication. | ||
650 | 4 | $0MAPA20080586294$aMercado de seguros | |
650 | 4 | $0MAPA20090041738$aReparto de dividendos | |
650 | 4 | $0MAPA20080590567$aEmpresas de seguros | |
650 | 4 | $0MAPA20080570422$aRenta variable | |
650 | 4 | $0MAPA20080602437$aMatemática del seguro | |
650 | 4 | $0MAPA20080578879$aAnálisis empírico | |
710 | 2 | $0MAPA20110000219$aEIOPA | |
773 | 0 | $wMAP20200027294$ifinancial stabilty. Financial stability report: july 2020 $tFinancial stability report: july 2020$dLuxembourg : European Insurance Occupational Pensions Authority, 2020$x2467-3722$z978-92-9473-239-2 |