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Ownership structure and control : the mutualization fo stock life insurance companies

Recurso electrónico / electronic resource
MARC record
Tag12Value
LDR  00000cab a22000004b 4500
001  MAP20090035089
003  MAP
005  20090402095734.0
008  090303s1986 usa|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎341
1001 ‎$0‎MAPA20080077587‎$a‎Mayers, David
24510‎$a‎Ownership structure and control‎$b‎ : the mutualization fo stock life insurance companies‎$c‎David Mayers, Clifford W. Smith
260  ‎$c‎1986
520  ‎$a‎the authors examine an unusual sample of firms within the life insurance industry: 30 firms which switched from a commons-stock to a mutual-ownership structure. His evidence indicates that the rate of growth of premium income from policyholders remains unchanged, stockholders receive a premium for their stock, and management turnower declines; thus, no group of claimholders systematically loses in the sample of firms which choose to go through the mutualization process. They therefore conclude that for this sample of firms, changing from a stock to a mutual-ownership structure is on average efficiency-enhancing
650 1‎$0‎MAPA20080570590‎$a‎Seguro de vida
650 1‎$0‎MAPA20080611651‎$a‎Mutualidades de seguros
650 1‎$0‎MAPA20080606114‎$a‎Estructura empresarial
650 1‎$0‎MAPA20080584337‎$a‎Control de gestión
7001 ‎$0‎MAPA20080233303‎$a‎Smith, Clifford W.
7730 ‎$t‎Journal of financial economics. - New York‎$g‎nº 16, 1986 ; p. 73-98