Dividend policy and the global financial crisis: empirical evidence from the Italian insurance industry

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

Autoren

  • Tobias Basse
  • Sebastian Reddemann
  • Johannes Jörg Riegler
  • J. Matthias Graf Von Der Schulenburg

Organisationseinheiten

Externe Organisationen

  • Norddeutsche Landesbank – Girozentrale – (Nord/LB)
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Details

OriginalspracheEnglisch
Seiten (von - bis)131-140
Seitenumfang10
FachzeitschriftZeitschrift fur die gesamte Versicherungswissenschaft
Jahrgang100
Ausgabenummer1
Frühes Online-Datum17 Juni 2010
PublikationsstatusVeröffentlicht - Feb. 2011

Abstract

The financial crisis has led to controversial discussions about the capital base of the insurance industry. Dividend cuts and capital increases have been suggested to counter diminishing equity. However, some observers seem to fear that investors could interpret a reduction of dividends as a sign for future problems. The empirical evidence from the Italian insurance sector reported here does indeed indicate that dividend smoothing is a relevant economic phenomenon. Therefore, Italian insurance companies should rethink dividend policy rather carefully due to the possible negative consequences of dividend cuts.

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Dividend policy and the global financial crisis: empirical evidence from the Italian insurance industry. / Basse, Tobias; Reddemann, Sebastian; Riegler, Johannes Jörg et al.
in: Zeitschrift fur die gesamte Versicherungswissenschaft, Jahrgang 100, Nr. 1, 02.2011, S. 131-140.

Publikation: Beitrag in Fachzeitschrift › Artikel › Forschung › Peer-Review

Basse, T, Reddemann, S, Riegler, JJ & Graf Von Der Schulenburg, JM 2011, 'Dividend policy and the global financial crisis: empirical evidence from the Italian insurance industry', Zeitschrift fur die gesamte Versicherungswissenschaft, Jg. 100, Nr. 1, S. 131-140. https://doi.org/10.1007/s12297-010-0092-4
Basse, T., Reddemann, S., Riegler, J. J., & Graf Von Der Schulenburg, J. M. (2011). Dividend policy and the global financial crisis: empirical evidence from the Italian insurance industry. Zeitschrift fur die gesamte Versicherungswissenschaft, 100(1), 131-140. https://doi.org/10.1007/s12297-010-0092-4
Basse T, Reddemann S, Riegler JJ, Graf Von Der Schulenburg JM. Dividend policy and the global financial crisis: empirical evidence from the Italian insurance industry. Zeitschrift fur die gesamte Versicherungswissenschaft. 2011 Feb;100(1):131-140. Epub 2010 Jun 17. doi: 10.1007/s12297-010-0092-4
Basse, Tobias ; Reddemann, Sebastian ; Riegler, Johannes Jörg et al. / Dividend policy and the global financial crisis : empirical evidence from the Italian insurance industry. in: Zeitschrift fur die gesamte Versicherungswissenschaft. 2011 ; Jahrgang 100, Nr. 1. S. 131-140.
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