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

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Título: Ownership structure and control : the mutualization fo stock life insurance companies / David Mayers, Clifford W. Smith
Publicación: 1986
Notas: Sumario: the 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
Registros relacionados: En: Journal of financial economics. - New York. - nº 16, 1986 ; p. 73-98
Autores secundarios: Smith, Clifford W.
Otras clasificaciones: 341

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