Artikel
The effect of the media reporting of terrorist attacks on the Czech travel insurance market between 2011-2016
Media plays a significant part of our lives and it has the power to provide us with ideas and/or some perspective on the selected topics. Terrorist attacks cause fear which is spread by media. The fact is that during the biggest 'terrorist fever' in the Czech Republic between 2015-2016, the number of terrorist attacks was paradoxically declining, and vice versa. The presented paper answers the question of how large is the effect of the media reporting of terrorist attacks on the number of travellers abroad and when - after how many quarters - the travellers' reaction follows. Based on the quarterly data of the number of travellers abroad and the gross premium written we found out that the media reporting of terrorist attacks is a significant variable and the decline in the number of travellers in some years represents the 'loss of one quarter' of travellers. Using the panel data model, we found out that although the number of travellers abroad has declined, the gross premium written has increased. Higher growth as well as significance in terms of the gross premium written was recorded only for the sole specialist on travel insurance in the Czech Republic - the ERV European Insurance Company when compared with the travel insurance market as a whole.
- Sprache
-
Englisch
- Erschienen in
-
Journal: European Financial and Accounting Journal ; ISSN: 1805-4846 ; Volume: 13 ; Year: 2018 ; Issue: 4 ; Pages: 41-58 ; Prague: University of Economics, Faculty of Finance and Accounting
- Klassifikation
-
Management
Single Equation Models; Single Variables: Panel Data Models; Spatio-temporal Models
Single Equation Models; Single Variables: Other
Insurance; Insurance Companies; Actuarial Studies
Marketing and Advertising: Other
- Thema
-
Insurance Premium
Media
Panel Data Models
Terrorist Attacks
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Budská, Petra
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Economics, Faculty of Finance and Accounting
- (wo)
-
Prague
- (wann)
-
2018
- DOI
-
doi:10.18267/j.efaj.218
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Budská, Petra
- University of Economics, Faculty of Finance and Accounting
Entstanden
- 2018
Ähnliche Objekte (12)
Assessing the Effects of the Terrorist Attacks on the U.S. Economy
Assessing the Effects of the Terrorist Attacks on the U.S. Economy
Assessing the effects of the terrorist attacks on the US economy
Terrorist Attacks and Financial Markets
Assessing the impact of the September 11 terrorist attacks on US airline demand
Volatility transmission patterns and terrorist attacks
Volatility transmission patterns and terrorist attacks
Convergence of the Salience of Terrorism in the European Union Before and After Terrorist Attacks
The IFRS 8 segment reporting disclosure: Evidence on the Czech listed companies
Terrorist attacks in Brussels – a clash of what?
Emergency response to terrorist attacks: results of the federal-conducted evaluation process in Germany
Terrorist transgressions: exploring the gendered representations of the terrorist
Assessing the Effects of the Terrorist Attacks on the U.S. Economy
Assessing the Effects of the Terrorist Attacks on the U.S. Economy
Assessing the effects of the terrorist attacks on the US economy
Terrorist Attacks and Financial Markets
Assessing the impact of the September 11 terrorist attacks on US airline demand
Volatility transmission patterns and terrorist attacks
Volatility transmission patterns and terrorist attacks
Convergence of the Salience of Terrorism in the European Union Before and After Terrorist Attacks
The IFRS 8 segment reporting disclosure: Evidence on the Czech listed companies
Terrorist attacks in Brussels – a clash of what?
Emergency response to terrorist attacks: results of the federal-conducted evaluation process in Germany
Terrorist transgressions: exploring the gendered representations of the terrorist
Assessing the Effects of the Terrorist Attacks on the U.S. Economy
Assessing the Effects of the Terrorist Attacks on the U.S. Economy
Assessing the effects of the terrorist attacks on the US economy
Terrorist Attacks and Financial Markets
Assessing the impact of the September 11 terrorist attacks on US airline demand
Volatility transmission patterns and terrorist attacks
Volatility transmission patterns and terrorist attacks
Convergence of the Salience of Terrorism in the European Union Before and After Terrorist Attacks
The IFRS 8 segment reporting disclosure: Evidence on the Czech listed companies
Terrorist attacks in Brussels – a clash of what?
Emergency response to terrorist attacks: results of the federal-conducted evaluation process in Germany