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Revealing The Sustainable Development Equilibrium Through Catastrophe Bonds, Social Corporate Engagement And Economic Performance For The European Reinsurance Industry

Author

Listed:
  • CONSTANTIN LAURA-GABRIELA

    (THE BUCHAREST UNIVERSITY OF ECONOMIC STUDIES)

  • IAMANDI IRINA-EUGENIA

    (THE BUCHAREST UNIVERSITY OF ECONOMIC STUDIES)

Abstract

Our paper investigates the equilibrium for the three components of corporate sustainable development (SD) by focusing on a sample of EU-based reinsurance companies, for the 2010-2013 period, while proposing, to our knowledge, an innovative approach from the perspective of the environmental and social components. In order to represent these two edges, two indexes are developed. The index representing the environmental component mirrors the presence on the catastrophe bonds market of the analysed companies. The second index revolves around the social component and concentrates on those achievements regarding the corporate support for the general community social advance. In methodological terms, the analysis is developed by considering both a static and a dynamic outline. The dynamic analysis is developed within a comparative framework for analysing the SD equilibrium, both at the level of the two indices and at the level of their main components. The static outline considers the cluster analysis in order to capture the SD balanced by grouping the companies in line with their social and environmental accomplishments and comparing the outcomes according to their economic performance. The main results reveal good social development equilibrium at the level of the analysed companies reflected through the association between better environmental and social achievements and higher economic performance.

Suggested Citation

  • Constantin Laura-Gabriela & Iamandi Irina-Eugenia, 2014. "Revealing The Sustainable Development Equilibrium Through Catastrophe Bonds, Social Corporate Engagement And Economic Performance For The European Reinsurance Industry," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 35-43, December.
    • Handle: RePEc:cbu:jrnlec:y:2014:v:6:p:35-43
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    References listed on IDEAS

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    1. Jingyun Zheng & Lingbo Xiao & Xiuqi Fang & Zhixin Hao & Quansheng Ge & Beibei Li, 2014. "How climate change impacted the collapse of the Ming dynasty," Climatic Change, Springer, vol. 127(2), pages 169-182, November.
    2. Nemec-Boehm, Rebecca L. & Cash, Sean B. & Anderson, Bruce T. & Ahmed, Selena & Griffin, Timothy S. & Orians, Colin M. & Robbat, Albert Jr. & Stepp, Richard A. & Han, Wenyan, 2014. "Climate change, the monsoon, and tea yields in China," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170486, Agricultural and Applied Economics Association.
    3. Iamandi Irina-Eugenia & Constantin Laura-Gabriela, 2011. "Increasing the Competitiveness of Reinsurance Companies through Corporate Social Responsibility Practices," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 598-603, May.
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