Two essays in finance: Market response to catastrophic losses on the insurance industry and return on investment of a land grant university

Based on data on publicly traded insurance firms, the first essay examines questions about the effect of large catastrophic events on insurance firms. Rather than looking at a single event, thirty catastrophic events were aggregated into quintiles and the cumulative abnormal returns around these events were found to be significantly positive over a 25 day trading window. There is no significant evidence that post-catastrophic stock returns are correlated to the magnitude of the catastrophe.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Finance

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2011

Author dc:creator

• Kangas, Ward Randall

Contributors dc:contributor

• D'Arcy, Stephen P.

• Education, Finance
• Business Administration, General
• Economics, Finance

Statement dc:rights

• Copyright 1996 Kangas, Ward Randall

Language dc:language

eng

Identifier

9780591198560
AAI9712328
(UMI)AAI9712328

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/23232