The nature and determinants of disclosure practices in the insurance industry: Evidence from European insurers

Hdl Handle:
http://hdl.handle.net/10142/615989
Title:
The nature and determinants of disclosure practices in the insurance industry: Evidence from European insurers
Authors:
Malafronte, Irma; Porzio, Claudio; Starita, Maria Grazia
Abstract:
Filling a gap in the existing literature on disclosure practices by insurance companies, this research provides new empirical evidence on the nature and determinants of disclosure practices in the European insurance industry over the 2005–2010 period. The main results show that insurers are more inclined to invest in the quantity of risk information rather than in the disclosure quality of the entire annual report, as risk information is addressed to high-level financially educated people and requires fewer resources than are needed for an investment in quality. Further, the analysis also shows that insurer level characteristics, in terms of size and technical provisions, as well as country level variables, significantly affect the amount of risk information disclosed. In the years affected by the financial crisis, the level of risk disclosure quantity increases as insurers use disclosure as a tool to reassure stakeholders on their independence from the global financial crisis.
Affiliation:
University of Roehampton; University of Naples Parthenope
Citation:
The nature and determinants of disclosure practices in the insurance industry: Evidence from European insurers 2016, 45:367 International Review of Financial Analysis
Publisher:
Elseiver
Journal:
International Review of Financial Analysis
Issue Date:
May-2016
URI:
http://hdl.handle.net/10142/615989
DOI:
10.1016/j.irfa.2015.02.003
Additional Links:
http://linkinghub.elsevier.com/retrieve/pii/S1057521915000332
Type:
Article
Language:
en
Description:
Accepted Date: 02/02/2015; Version: Author Manuscript / Post-Print; Exceptions: None
ISSN:
1057-5219
Appears in Collections:
Roehampton Business School Collection

Full metadata record

DC FieldValue Language
dc.contributor.authorMalafronte, Irmaen
dc.contributor.authorPorzio, Claudioen
dc.contributor.authorStarita, Maria Graziaen
dc.date.accessioned2016-07-12T15:05:06Z-
dc.date.available2016-07-12T15:05:06Z-
dc.date.issued2016-05-
dc.identifier.citationThe nature and determinants of disclosure practices in the insurance industry: Evidence from European insurers 2016, 45:367 International Review of Financial Analysisen
dc.identifier.issn1057-5219-
dc.identifier.doi10.1016/j.irfa.2015.02.003-
dc.identifier.urihttp://hdl.handle.net/10142/615989-
dc.descriptionAccepted Date: 02/02/2015; Version: Author Manuscript / Post-Print; Exceptions: Noneen
dc.description.abstractFilling a gap in the existing literature on disclosure practices by insurance companies, this research provides new empirical evidence on the nature and determinants of disclosure practices in the European insurance industry over the 2005–2010 period. The main results show that insurers are more inclined to invest in the quantity of risk information rather than in the disclosure quality of the entire annual report, as risk information is addressed to high-level financially educated people and requires fewer resources than are needed for an investment in quality. Further, the analysis also shows that insurer level characteristics, in terms of size and technical provisions, as well as country level variables, significantly affect the amount of risk information disclosed. In the years affected by the financial crisis, the level of risk disclosure quantity increases as insurers use disclosure as a tool to reassure stakeholders on their independence from the global financial crisis.en
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dc.description.provenanceApproved for entry into archive by Camilla Griffiths (camilla.griffiths@roehampton.ac.uk) on 2016-07-12T15:05:04Z (GMT) No. of bitstreams: 3 Malafronte et al 2016 - OpenAcces Roehampton.pdf: 752862 bytes, checksum: d9c53bb4fd13cf0edde1ae76867ba975 (MD5) license_text: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5)en
dc.description.provenanceMade available in DSpace on 2016-07-12T15:05:06Z (GMT). No. of bitstreams: 3 Malafronte et al 2016 - OpenAcces Roehampton.pdf: 752862 bytes, checksum: d9c53bb4fd13cf0edde1ae76867ba975 (MD5) license_text: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) license_rdf: 0 bytes, checksum: d41d8cd98f00b204e9800998ecf8427e (MD5) Previous issue date: 2016-05en
dc.language.isoenen
dc.publisherElseiveren
dc.relation.urlhttp://linkinghub.elsevier.com/retrieve/pii/S1057521915000332en
dc.rightsArchived with thanks to International Review of Financial Analysisen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.titleThe nature and determinants of disclosure practices in the insurance industry: Evidence from European insurersen
dc.typeArticleen
dc.contributor.departmentUniversity of Roehampton; University of Naples Parthenopeen
dc.identifier.journalInternational Review of Financial Analysisen
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