Summary |
This book explores causes and consequences of interfirm rivalry within the global insurance industry. Based on three empirical studies, the book investigates (1) the mechanisms driving firm positioning and strategic group dynamics, (2) the impact of market shocks on firms’ competitive behavior, and (3) the determinants of stock market responses to individual competitive actions. The book’s insights offer important implications for academics and practitioners alike.
Contents
• 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 insurance
• Investigation of corporate divestiture programs’ performance effect
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