Impact of mergers and acquisitions on European insurers: Evidence from equity markets

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216208%3A11230%2F18%3A10382003" target="_blank" >RIV/00216208:11230/18:10382003 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Impact of mergers and acquisitions on European insurers: Evidence from equity markets
Original language description
The current macro-economic and financial conditions remain extremely challenging for the European insurance sector. Due to the ongoing low-yield environment and competitive pressure from new players, in particular technology-focused start-ups entering the markets, insurers are changing their business models and looking for new investment and business opportunities to improve their profitability and overall solvency positions. This is also reflected in increasing interest in mergers and acquisitions to achieve sufficient returns. However, there is no clear answer in the literature as to whether this strategy brings the anticipated positive results. This study empirically tests the effects of mergers and acquisitions (M&A) on the share prices of European insurers via an event study. Our results do not confirm the positive impact of such strategies on acquirers' share prices delivering abnormal returns for shareholders. (C) 2018, Institute of Geography of the Slovak Academy of Science. All rights reserved.
Czech name
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Czech description
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Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50201 - Economic Theory

Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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