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 books 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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