The Impact of EIOPA statement on insurers' dividends : evidence from equity market

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<rdf:Description>
<dc:creator>EIOPA</dc:creator>
<dc:date>2020</dc:date>
<dc:description xml:lang="es">Sumario: In 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.</dc:description>
<dc:identifier>https://documentacion.fundacionmapfre.org/documentacion/publico/es/bib/172809.do</dc:identifier>
<dc:language>eng</dc:language>
<dc:publisher>EIOPA</dc:publisher>
<dc:rights xml:lang="es">InC - http://rightsstatements.org/vocab/InC/1.0/</dc:rights>
<dc:subject xml:lang="es">Mercado de seguros</dc:subject>
<dc:subject xml:lang="es">Reparto de dividendos</dc:subject>
<dc:subject xml:lang="es">Empresas de seguros</dc:subject>
<dc:subject xml:lang="es">Renta variable</dc:subject>
<dc:subject xml:lang="es">Matemática del seguro</dc:subject>
<dc:subject xml:lang="es">Análisis empírico</dc:subject>
<dc:type xml:lang="es">Books</dc:type>
<dc:title xml:lang="es">The Impact of EIOPA statement on insurers' dividends  : evidence from equity market</dc:title>
<dc:format xml:lang="es">13 p.</dc:format>
<dc:relation xml:lang="es">En: financial stabilty. Financial stability report: july 2020 . Financial stability report: july 2020. - Luxembourg : European Insurance Occupational Pensions Authority, 2020. - ISBN 978-92-9473-239-2 = ISSN 2467-3722</dc:relation>
</rdf:Description>
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