The impact of the financial crisis on the dividend policy of the european insurance industry: additional empirical evidence

  • Tobias BasseEmail author


This paper re-examines the dividend policy of European insurance companies by also considering inflation. More specifically, a variant of the approach introduced by Goddard et al. (2006)—which was suggested by Reddemann et al. (2010)—is used. The data sample examined here is adjusted to avoid possible problems with structural change. Additionally, more recent data (of course) is also considered. Thereby, this empirical study is focussing more strongly on the experiences in crisis and post-crisis times. This seems to affect the results.


Diese Studie betrachtet die Dividendenpolitik von Versicherungsunternehmen in Europa. Dabei wird eine Variante eines von Goddard et al. (2006) vorgeschlagenen Ansatzes genutzt, den Reddemann et al. (2010) bereits verwendet haben. Im Vergleich zu letzterer Studie wird hier ein anderer Startzeitpunkt genutzt, um mögliche Probleme mit Strukturbrüchen zu vermeiden. Zudem werden natürlich auch aktuellere Daten betrachtet. Diese Studie fokkussiert damit stärker auf die Erfahrungen in und nach der Krise. Dies beeinflusst offenbar die Ergebnisse.


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Copyright information

© Springer-Verlag GmbH Deutschland, ein Teil von Springer Nature 2019

Authors and Affiliations

  1. 1.Norddeutsche Landesbank (NORD/LB)HannoverGermany
  2. 2.Touro College BerlinBerlinGermany

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