Are Catastrophe Bonds Effective Financial Instruments in the Transport and Infrastructure Industries? : Evidence from International Financial Markets

• Autorzy: Fabio Pizzutilo , Elisabetta Venezia
• Języki publikacji: EN

Abstrakty

EN

We analyse the effectiveness of catastrophe bonds for the financial management of catastrophic risk in the transport and infrastructure industries. We illustrate how these financial instruments are becoming a valuable tool for non-financial firms in the risk management of catastrophic events, supplementing the traditional insurance/reinsurance channel, especially during times of constraints in the insurance industry. We also review cat bond issues sponsored by infrastructure and transport companies, highlighting the usefulness of these structured financial instruments in the management of the catastrophe exposure in these industries. Policy indications are finally given. (original abstract)

Słowa kluczowe

EN

Catastrophe bonds; Risk management; Investment analysis; Public investment; Infrastructure; Transport

PL

Obligacje katastroficzne; Zarządzanie ryzykiem; Analiza inwestycyjna; Inwestycje publiczne; Infrastruktura; Transport

• Czasopismo: Business and Economic Horizons
• Rocznik: 2018
• Numer: vol. 14, iss. 2
• Strony: 256--267

Twórcy

autor

Fabio Pizzutilo

• University of Bari Aldo Moro, Italy

autor

Elisabetta Venezia

• University of Bari Aldo Moro, Italy

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Identyfikatory

DOI

10.15208/beh.2018.20