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The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939

Lars Fredrik Andersson, Magnus Lindmark, Mike Adams, Vineet Upreti Orcid Logo

Financial History Review, Volume: 20, Issue: 01

Swansea University Author: Vineet Upreti Orcid Logo

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Abstract

The determinants of investment returns in the Swedish property fire insurance industry from 1903 to 1939 are examined employing a panel data research design. Contrary to expectations, mutual fire insurers generated systematically higher investment returns than stock fire insurers over this period of...

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Published in: Financial History Review
ISSN: 0968-5650 1474-0052
Published: 2013
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URI: https://cronfa.swan.ac.uk/Record/cronfa15894
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first_indexed 2013-09-26T11:45:25Z
last_indexed 2018-02-09T04:48:07Z
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spelling 2013-09-11T14:49:24.1524547 v2 15894 2013-09-11 The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939 8f0fcae811cfbfabf93901185944c055 0000-0002-9803-7551 Vineet Upreti Vineet Upreti true false 2013-09-11 BAF The determinants of investment returns in the Swedish property fire insurance industry from 1903 to 1939 are examined employing a panel data research design. Contrary to expectations, mutual fire insurers generated systematically higher investment returns than stock fire insurers over this period of great economic and political uncertainty. Firms adopting a more precautionary investment strategy attain higher returns, which shows that investment returns are inversely related to leverage. Journal Article Financial History Review 20 01 89 0968-5650 1474-0052 30 4 2013 2013-04-30 10.1017/S0968565012000273 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2013-09-11T14:49:24.1524547 2013-09-11T14:49:24.1524547 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Lars Fredrik Andersson 1 Magnus Lindmark 2 Mike Adams 3 Vineet Upreti 0000-0002-9803-7551 4
title The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939
spellingShingle The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939
Vineet Upreti
title_short The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939
title_full The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939
title_fullStr The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939
title_full_unstemmed The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939
title_sort The determinants of investment returns in the fire insurance industry: the case of Sweden, 1903–1939
author_id_str_mv 8f0fcae811cfbfabf93901185944c055
author_id_fullname_str_mv 8f0fcae811cfbfabf93901185944c055_***_Vineet Upreti
author Vineet Upreti
author2 Lars Fredrik Andersson
Magnus Lindmark
Mike Adams
Vineet Upreti
format Journal article
container_title Financial History Review
container_volume 20
container_issue 01
publishDate 2013
institution Swansea University
issn 0968-5650
1474-0052
doi_str_mv 10.1017/S0968565012000273
college_str Faculty of Humanities and Social Sciences
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hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
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description The determinants of investment returns in the Swedish property fire insurance industry from 1903 to 1939 are examined employing a panel data research design. Contrary to expectations, mutual fire insurers generated systematically higher investment returns than stock fire insurers over this period of great economic and political uncertainty. Firms adopting a more precautionary investment strategy attain higher returns, which shows that investment returns are inversely related to leverage.
published_date 2013-04-30T03:18:08Z
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score 11.037319