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lnvestor sentiment and insurers' financial stability: do sovereign ratings matter?

Recurso electrónico / Electronic resource
Registro MARC
Tag12Valor
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001  MAP20200022824
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005  20200714124958.0
008  200708e20200301che|||p |0|||b|eng d
040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎212
24500‎$a‎lnvestor sentiment and insurers' financial stability: do sovereign ratings matter?‎$c‎Danish Ahmed...[Et al.]
520  ‎$a‎This paper examines the nexus between investor sentiment and the insurers' financial stability and, in addition, the moderating role of negative market conditions on the aforementioned relationship. Using a sample from the property-casualty insurance sector of the developed markets, our findings are twofold. First, we find that invetors exhibit rational buying behaviour, and lower investor sentiment does not affect property-casualty insurers' financial soundness. Second, our findings reveal that the financial market condition does not much alter the investors' sentiment and financial stability relationship. We interpret our findings from the theoretical perspectives of the q-theory of investment and investor buying behaviour theories. Our finding are robust to the alternative estimation techniques, sensitivity and endogeneity analysis.
650 4‎$0‎MAPA20110021238‎$a‎Estabilidad financiera
650 4‎$0‎MAPA20080590567‎$a‎Empresas de seguros
650 4‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 4‎$0‎MAPA20080581978‎$a‎Property-casualty
650 4‎$0‎MAPA20080568184‎$a‎Calificaciones
7001 ‎$0‎MAPA20200015567‎$a‎Ahmed, Danish
7730 ‎$w‎MAP20077100215‎$t‎Geneva papers on risk and insurance : issues and practice‎$d‎Geneva : The Geneva Association, 1976-‎$x‎1018-5895‎$g‎01/04/2020 Volumen 45 Número 2 - abril 2020 , p. 281-312