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Ownership Structure Changes in the Insurance Industry: An Analysis of Demutualization
16 references·14 citing·41 second hop
Ownership Structure Changes in the Insurance Industry: An Analysis of Demutualization (2003)Ownership Structure Changes in the Insura…The effect of organizational structure on efficiency: Evidence from the Spanish insurance industry (2004)The effect of organizational …Capital Structure Decisions in the Insurance Industry: Stocks versus Mutuals (2002)Capital Structure Decisions i…Organizational Form and Efficiency: The Coexistence of Stock and Mutual Property-Liability Insurers (1999)Organizational Form and Effic…Consolidation and efficiency in the US life insurance industry (1999)Consolidation and efficiency …Price, Financial Quality, and Capital Flows in Insurance Markets (1997)Price, Financial Quality, and…Guaranty funds and risk-taking evidence from the insurance industry (1997)Guaranty funds and risk-takin…Financial Risk Management by Insurers: An Analysis of the Process (1997)Financial Risk Management by …Stock Versus Mutual Ownership Structures: The Risk Implications (1993)Stock Versus Mutual Ownership…Classifying Financial Distress in the Life Insurance Industry (1991)Classifying Financial Distres…Ownership Structure across Lines of Property-Casualty Insurance (1988)Ownership Structure across Li…Changes in ownership structure (1987)Changes in ownership structureThe Organization of Insurance Companies: Mutual versus Stock (1985)The Organization of Insurance…Agency Problems and Residual Claims (1983)Agency Problems and Residual …Contractual Provisions, Organizational Structure, and Conflict Control in Insurance Markets (1981)Contractual Provisions, Organ…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…MANAGERIAL DISCRETION AND BUSINESS BEHAVIOR (1963)MANAGERIAL DISCRETION AND BUS…Private Health Insurance (2020)Private Health InsuranceInvesting in your own and peers’ risks: the simple analytics of P2P insurance (2020)Investing in your own and pee…Systematic literature review of research on mutual insurance companies (2016)Systematic literature review …Organizational Structure, Board Composition, and Risk Taking in the U.S. Property Casualty Insurance Industry (2012)Organizational Structure, Boa…New perspectives on not-for-profit financial institutions: Organisational form, performance and governance (2012)New perspectives on not-for-p…CEO Turnover and Ownership Structure: Evidence From the U.S. Property–Liability Insurance Industry (2011)CEO Turnover and Ownership St…The Demise of the Mutual Organizational Form: An Investigation of the Life Insurance Industry (2010)The Demise of the Mutual Orga…Demutualization and customer protection at self-regulatory financial exchanges (2010)Demutualization and customer …The Underpricing of Insurance IPOs (2009)The Underpricing of Insurance…The Wealth Effect of Demutualization: Evidence From the U.S. Property‐Liability and Life Insurance Industries (2008)The Wealth Effect of Demutual…Multimarket contact and sales growth: evidence from insurance (2007)Multimarket contact and sales…Efficiency and Demutualization: Evidence From the U.S. Life Insurance Industry in the 1980s and 1990s (2007)Efficiency and Demutualizatio…Conversions and Other Forms of Exit in U.S. Agricultural Cooperatives (2007)Conversions and Other Forms o…The Pricing of Insurer Demutualization Initial Public Offerings (2006)The Pricing of Insurer Demutu…An analytic derivation of the cost of deposit insurance and loan guarantees An application of modern option pricing theory (1977)Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital (1981)Market Discipline in Property/Casualty Insurance: Evidence from Premium Growth Surrounding Changes in Financial Strength Ratings (2006)Shadow Insurance (2016)The Fragility of Market Risk Insurance (2022)The Nature of the Firm (1937)Separation of Ownership and Control (1983)The Impact of Firm Risk on Property-Liability Insurance Prices (1996)Optimal Capital Utilization by Financial Firms: Evidence from the Property-Liability Insurance Industry (2002)Performance and size: empirical evidence from Portuguese SMEs (2007)The Measurement of Productive Efficiency (1957)Efficiency of financial institutions: International survey and directions for future research (1997)Does Insurance Promote Economic Growth? Evidence from OECD Countries (2000)Deregulation, Consolidation, and Efficiency: Evidence from the Spanish Insurance Industry (2006)Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries (2016)Industrial Market Structure and Economic Performance. (1971)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Relationship Between Insurance and Economic Development: 85 Empirical Papers for a Review of the Literature (2012)The Problem of Social Cost (1960)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Catastrophe Insurance, Capital Markets, and Uninsurable Risks (1997)Data Envelopment Analysis: Theory, Methodology, and Applications (1994)Efficiency in the international insurance industry: A cross-country comparison (2009)Economies of scope in financial services: A DEA efficiency analysis of the US insurance industry (2010)Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods (2013)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)Industry and Trade (1920)Barriers to New Competition (1957)The Strategic Choice of Managerial Incentives (1987)Executive compensation (2008)A directional slacks-based measure of technical inefficiency (2009)Dynamic capabilities and entrepreneurial management in large organizations: Toward a theory of the (entrepreneurial) firm (2015)Theory of Value (1959)Auditor size and audit quality (1981)Strategic assets and organizational rent (1993)A Survey of Corporate Governance (1997)Performance and trade‐offs in Microfinance Organisations—Does ownership matter? (2008)Is there a difference in performance by the legal status of microfinance institutions? (2010)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1983Agency Problems and Residual Claims4,877 cited
  • 1963MANAGERIAL DISCRETION AND BUSINESS BEHAVIOR572 cited
  • 1981Contractual Provisions, Organizational Structure, and Conflict Control in Insurance Markets411 cited
  • 1999Consolidation and efficiency in the US life insurance industry367 cited
  • 1997Price, Financial Quality, and Capital Flows in Insurance Markets347 cited
  • 1993Stock Versus Mutual Ownership Structures: The Risk Implications319 cited
  • 1999Organizational Form and Efficiency: The Coexistence of Stock and Mutual Property-Liability Insurers289 cited
  • 1988Ownership Structure across Lines of Property-Casualty Insurance232 cited
  • 1997Guaranty funds and risk-taking evidence from the insurance industry177 cited
  • 2004The effect of organizational structure on efficiency: Evidence from the Spanish insurance industry172 cited
  • 1997Financial Risk Management by Insurers: An Analysis of the Process163 cited
  • 1985The Organization of Insurance Companies: Mutual versus Stock142 cited
  • 1987Changes in ownership structure137 cited
  • 2002Capital Structure Decisions in the Insurance Industry: Stocks versus Mutuals

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80 cited
  • 1991Classifying Financial Distress in the Life Insurance Industry80 cited
  • Cited by

    • 2012Organizational Structure, Board Composition, and Risk Taking in the U.S. Property Casualty Insurance Industry98 cited
    • 2007Multimarket contact and sales growth: evidence from insurance88 cited
    • 2010The Demise of the Mutual Organizational Form: An Investigation of the Life Insurance Industry64 cited
    • 2007Efficiency and Demutualization: Evidence From the U.S. Life Insurance Industry in the 1980s and 1990s61 cited
    • 2020Investing in your own and peers’ risks: the simple analytics of P2P insurance50 cited
    • 2020Private Health Insurance39 cited
    • 2011CEO Turnover and Ownership Structure: Evidence From the U.S. Property–Liability Insurance Industry35 cited
    • 2016Systematic literature review of research on mutual insurance companies32 cited
    • 2007Conversions and Other Forms of Exit in U.S. Agricultural Cooperatives30 cited
    • 2006The Pricing of Insurer Demutualization Initial Public Offerings23 cited
    • 2008The Wealth Effect of Demutualization: Evidence From the U.S. Property‐Liability and Life Insurance Industries21 cited
    • 2009The Underpricing of Insurance IPOs18 cited
    • 2012New perspectives on not-for-profit financial institutions: Organisational form, performance and governance17 cited
    • 2010Demutualization and customer protection at self-regulatory financial exchanges16 cited