Is catering rewarded? : evidence from the insurance industry

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001  MAP20180025983
003  MAP
005  20180830115930.0
008  180808e20180701che|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎219
1001 ‎$0‎MAPA20080029081‎$a‎Ma, Yu-Luen
24510‎$a‎Is catering rewarded?‎$b‎ : evidence from the insurance industry‎$c‎Yu-Luen Ma, Yayuan Ren
520  ‎$a‎Ma 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
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 4‎$0‎MAPA20080564001‎$a‎Restauración
650 4‎$0‎MAPA20080599645‎$a‎Valoración de bienes
7001 ‎$0‎MAPA20180012365‎$a‎Ren, Yayuan
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎02/07/2018 Volumen 43 Número 3 - julio 2018 , p. 539-559