Online Disclosing Information on the Catastrophe Bonds Transactions – a European Perspective

Laura-Gabriela Constantin ()

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 2, 467-472

Abstract: The current paper aims at presenting several insights regarding the catastrophe (cat) bonds market from the perspective of investigating the online disclosure of a series of information related to the transactions developed by EU based sponsor companies. Through an empirical and comparative approach, while employing parametric and non-parametric dependence measures, the research also focuses on studying the association between the involvement of the cedent companies on the insurance-linked securities market and their performance in terms of disseminating online cat bonds information aspects. In order to advance the analysis, we develop a composite index reflecting the online disclosure of cat bonds related evidences. The core results highlight the connection between higher commitment to accessing the capital markets through cat bonds and good development of online disclosure practices related to the cat bonds transactions.

Keywords: catastrophe (cat) bonds; European reinsurance industry; composite disclosure index (search for similar items in EconPapers)
JEL-codes: C43 G10 G22 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:467-472

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