Competitive dynamics in the global insurance industry: strategic groups, competitive moves, and firm performance

This thesis investigates the competitive dynamics in the global insurance industry from 1999 to 2008. After reviewing the current state of the academic debate on interfirm rivalry, it derives a research agenda spanning different levels of analysis and phenomena of interest. Specifically, the thesis explores (1) how and why firms continuously adjust their strategic profiles in the presence of an industry's strategic group structure, (2) whether market shocks (namely 9/11 and Hurricane Katrina) temporarily change the decision-logic underlying competitive choices, and (3) whether stock markets respond differently to competitive moves that follow a clearly stated strategic rationale. INDICE: Review of economic and business literature on competition and rivalry.Analysis of strategic group dynamics in the U.S. insurance industry.Analysis of how market shocks impact rivalry between P&L insurers.Investigation of corporate divestiture programs' performance effects.

• ISBN: 978-3-8349-3991-3
• Editorial: Spinger Gabler
• Encuadernacion: Rústica
• Fecha Publicación: 27/04/2012
• Nº Volúmenes: 1
• Idioma: Inglés