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The Effect of predation risk on cash holdings : empirical evidence from the U.S. property-liability insurance industry

Recurso electrónico / Electronic resource
MAP20190032674
The Effect of predation risk on cash holdings : empirical evidence from the U.S. property-liability insurance industry / Xin Che, Stephen G. Fier, Andre P. Liebenberg
Sumario: Corporate cash holdings play a significant role in the U.S. property-liability insurance industry yet the topic of insurer cash holdings policy has largely been overlooked by prior empirical research. While a number of studies have investigated firm?specific factors related to cash holdings in the insurance industry, prior research has not examined how market concentration and potential predation risk impact cash holdings