PL EN


2018 | 66 | 9 | 925 – 944
Article title

IMPACT OF MERGERS AND ACQUISITIONS ON EUROPEAN INSURERS: EVIDENCE FROM EQUITY MARKETS

Content
Title variants
Languages of publication
EN
Abstracts
EN
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.
Keywords
Contributors
author
  • European Insurance and Occupational Pensions Authority (EIOPA), West-hafenplatz 1, 60327 Frankfurt am Main, Germany
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.cejsh-2410537f-2b63-4015-95cf-ff9bc5bdf1d9
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.