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Efficiency and stock returns: evidence from the insurance industry

Pasiouras Fotios, Chrysovalantis Gaganis, Iftekhar Hasan

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URIhttp://purl.tuc.gr/dl/dias/01175A24-CB19-4793-9C2C-5845523F5F8D-
Identifierhttps://doi.org/10.1007/s11123-013-0347-x-
Languageen-
TitleEfficiency and stock returns: evidence from the insurance industryen
CreatorPasiouras Fotiosen
CreatorΠασιουρας Φωτιοςel
CreatorChrysovalantis Gaganisen
Creator Iftekhar Hasanen
PublisherSpringer Verlagen
Content SummaryThis 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
Type of ItemPeer-Reviewed Journal Publicationen
Type of ItemΔημοσίευση σε Περιοδικό με Κριτέςel
Licensehttp://creativecommons.org/licenses/by/4.0/en
Date of Item2015-10-27-
Date of Publication2013-
Bibliographic CitationGaganis 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-xen

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