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

Recurso electrónico / Electronic resource
MARC record
Tag12Value
LDR  00000cam a22000004b 4500
001  MAP20200027409
003  MAP
005  20200814110706.0
008  190221s2020 deu|||| ||| ||eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎6
24514‎$a‎The Impact of EIOPA statement on insurers' dividends ‎$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
7102 ‎$0‎MAPA20110000219‎$a‎EIOPA
7730 ‎$w‎MAP20200027294‎$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