An lnvestigation of the short-run and long-run stock returns surrounding insurer rating changes
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| Tag | 1 | 2 | Valor |
|---|---|---|---|
| LDR | 00000cab a2200000 4500 | ||
| 001 | MAP20180009990 | ||
| 003 | MAP | ||
| 005 | 20180425162235.0 | ||
| 008 | 180403e20180301esp|||p |0|||b|spa d | ||
| 040 | $aMAP$bspa$dMAP | ||
| 084 | $a212 | ||
| 100 | $0MAPA20150013958$aChen, Leon | ||
| 245 | 1 | 3 | $aAn lnvestigation of the short-run and long-run stock returns surrounding insurer rating changes$cLeon Chen, Jennifer J. Gaver, Steven W. Pottier |
| 520 | $aWe find that stock returns move in the direction of insurer rating changes in the 12-month period prior to the announcement. There is an additional stock price response following the announcement of a downgrade, but no response to upgrade announcements. The reaction to a downgrade is more pronounced when it involves a smaller insurer, when it spans multiple levels, or when it is a threshold downgrade. Returns are significantly more negative during the 12 months leading up to a downgrade announcement during the financial crisis (2008 and 2009) compared to other sample years | ||
| 650 | 4 | $0MAPA20080619008$aCalificaciones crediticias | |
| 650 | 4 | $0MAPA20080582418$aRiesgo financiero | |
| 650 | 4 | $0MAPA20080586294$aMercado de seguros | |
| 650 | 4 | $0MAPA20080552701$aSolvencia | |
| 650 | 4 | $0MAPA20080579814$aCrisis financiera | |
| 650 | 4 | $0MAPA20080632229$aAnálisis del valor para el accionista | |
| 650 | 4 | $0MAPA20080560447$aRendimiento | |
| 650 | 4 | $0MAPA20080590567$aEmpresas de seguros | |
| 650 | 4 | $0MAPA20080582180$aRatios de gestión | |
| 773 | 0 | $wMAP20077000727$tThe Journal of risk and insurance$dNueva York : The American Risk and Insurance Association, 1964-$x0022-4367$g01/03/2018 Volumen 85 Número 1 - marzo 2018 , p. 35-67 |