Pesquisa de referências

An lnvestigation of the short-run and long-run stock returns surrounding insurer rating changes

Recurso electrónico / electronic resource
Registro MARC
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100  ‎$0‎MAPA20150013958‎$a‎Chen, Leon
24513‎$a‎An lnvestigation of the short-run and long-run stock returns surrounding insurer rating changes‎$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
7730 ‎$w‎MAP20077000727‎$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