Universität zu Köln

Altuntas, Muhammed, Rauch, Jannes and Wende, Sabine ORCID: 0000-0003-3055-0663 (2016). Strategic Group Performance and Dynamics under Different Economic Conditions. Geneva Pap. Risk Insur.-Issues Pract., 41 (2). S. 325 - 348. BASINGSTOKE: PALGRAVE MACMILLAN LTD. ISSN 1468-0440

Full text not available from this repository.

Abstract

We analyse strategic groups in the German insurance market. We use cluster analysis to subdivide insurance groups into strategic groups. Furthermore, we analyse whether strategic group affiliation can affect the performance of the insurance groups' property-liability subsidiaries. In addition, we examine the consequences of the financial crisis of 2008 on the competitive situation in the German insurance sector and examine whether changes in strategic group affiliation can be considered as a consequence of the financial crisis. Using a data set of 829 firm-year observations for the years 2004-2012, our results indicate the existence of three strategic group in the German insurance sector. In addition, we find that performance differences at the subsidiary level can be attributed to strategic group affiliation. Furthermore, we do not find evidence that the financial crisis induced changes in strategic group affiliation.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Altuntas, Muhammed UNSPECIFIED UNSPECIFIED UNSPECIFIED Rauch, Jannes UNSPECIFIED UNSPECIFIED UNSPECIFIED Wende, Sabine UNSPECIFIED orcid.org/0000-0003-3055-0663 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-280459
DOI:	10.1057/gpp.2015.28
Journal or Publication Title:	Geneva Pap. Risk Insur.-Issues Pract.
Volume:	41
Number:	2
Page Range:	S. 325 - 348
Date:	2016
Publisher:	PALGRAVE MACMILLAN LTD
Place of Publication:	BASINGSTOKE
ISSN:	1468-0440
Language:	English
Faculty:	Unspecified
Divisions:	Unspecified
Subjects:	no entry
Uncontrolled Keywords:	Keywords Language PHARMACEUTICAL-INDUSTRY; BUSINESS GROUPS; SYSTEMIC RISK; INSURANCE; PROPERTY; DETERMINANTS; FIRM; REINSURANCE; CONFLICT; SIZE Multiple languages Business, Finance Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/28045