Are catastrophe bonds effective financial instruments in the transport and infrastructure industries? Evidence from international financial markets

Fabio Pizzutilo and Elisabetta Venezia

Business and Economic Horizons (BEH), 2018, vol. 14, issue 2, 256-267

Abstract: We analyse the effectiveness of catastrophe bonds for the financial management of catastrophic risk in the transport and infrastructure industries. We illustrate how these financial instruments are becoming a valuable tool for non-financial firms in the risk management of catastrophic events, supplementing the traditional insurance/reinsurance channel, especially during times of constraints in the insurance industry. We also review cat bond issues sponsored by infrastructure and transport companies, highlighting the usefulness of these structured financial instruments in the management of the catastrophe exposure in these industries. Policy indications are finally given.

Keywords: Catastrophe bonds; risk management; investment analysis; public investment; infrastructures; transportation (search for similar items in EconPapers)
JEL-codes: G32 H54 R42 R53 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://academicpublishingplatforms.com/downloads/ ... ments_pp.256-267.pdf (application/pdf)
https://academicpublishingplatforms.com/volume.php?journal=BEH&id=3&number=31 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pdc:jrnbeh:v:14:y:2018:i:2:p:256-267

DOI: 10.15208/beh.2018.20

Access Statistics for this article

Business and Economic Horizons (BEH) is currently edited by Orifjan Namozov, Ph.D.

More articles in Business and Economic Horizons (BEH) from Prague Development Center Contact information at EDIRC.
Bibliographic data for series maintained by Jaroslav Holecek ( this e-mail address is bad, please contact ).