796

Year: 
1987
Issue: 
Fall/Winter
Volume: 
6
Number: 
3
Title: 
The Impact of Oil and Gas Company Captive Insurer Formation on the Parent Company's Firm Value
Title (to sort by): 
Impact of Oil and Gas Company Captive Insurer Formation on the Parent Company's Firm Value
Author: 
Mark L. Cross, Wallace N. Davidson, and John H. Thornton
Page Start: 
93
Page End: 
100

Topics:

Abstract: 
This paper examines the reaction of security returns in parent firms around the date that captive insurance companies were formed by the parent. Their results suggest that the creation of captive insurance firms create significant positive abnormal returns around the date of formation.
Citation: 
The Impact of Oil and Gas Company Captive Insurer Formation on the Parent Company's Firm Value. Cross, Mark L.; Davidson, Wallace N.; and Thornton, John H., Fall/Winter 1987, pp. 93‑100.
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