URI | http://purl.tuc.gr/dl/dias/01175A24-CB19-4793-9C2C-5845523F5F8D | - |
Αναγνωριστικό | https://doi.org/10.1007/s11123-013-0347-x | - |
Γλώσσα | en | - |
Τίτλος | Efficiency and stock returns: evidence from the insurance industry | en |
Δημιουργός | Pasiouras Fotios | en |
Δημιουργός | Πασιουρας Φωτιος | el |
Δημιουργός | Chrysovalantis Gaganis | en |
Δημιουργός | Iftekhar Hasan | en |
Εκδότης | Springer Verlag | en |
Περίληψη | This study investigates whether the capital market values the efficiency of firms. After tracing stock returns and efficiency changes of 399 listed insurance firms in 52 countries during the 2002–2008 period, the paper reports a positive and statistically significant relationship between profit efficiency change and market adjusted stock returns. However, there is no robust evidence that cost efficiency change is associated with stock returns. | en |
Τύπος | Peer-Reviewed Journal Publication | en |
Τύπος | Δημοσίευση σε Περιοδικό με Κριτές | el |
Άδεια Χρήσης | http://creativecommons.org/licenses/by/4.0/ | en |
Ημερομηνία | 2015-10-27 | - |
Ημερομηνία Δημοσίευσης | 2013 | - |
Βιβλιογραφική Αναφορά | Gaganis C, Hasan I, Pasiouras F., "Efficiency and stock returns: evidence from the insurance industry", Journal of Productivity Analysis, vol. 40, no. 3, pp. 429-442, Apr. 2013. doi: 10.1007/s11123-013-0347-x | en |