标题：REVEALING THE SUSTAINABLE DEVELOPMENT EQUILIBRIUM THROUGH CATASTROPHE BONDS,SOCIAL CORPORATE ENGAGEMENT AND ECONOMIC PERFORMANCE FOR THE EUROPEAN REINSURANCE INDUSTRY
期刊名称：Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
印刷版ISSN：1844-7007
出版年度：2014
期号：6
页码：35-43
语种：English
出版社：Academica Brâncuşi
摘要：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.
关键词：catastrophe bonds (CB);corporate social engagement;economic effects;cluster analysis;sustainable development (SD)
