The Effects of Firm Specific Factors and Macroeconomics on Profitability of Property-Liability Insurance Industry in Taiwan

Article OPEN
Chen-Ying Lee;
(2014)
  • Journal: Asian Economic and Financial Review,volume 4,issue 5 May,pages681-691
  • Subject: Property-Liability Insurance, Panel Data, Firm Specific Factors, Macroeconomics, Profitability

This article investigates the relationship between firm specific factors and macroeconomics on profitability in Taiwanese property-liability insurance industry using the panel data over the1999 through 2009 time period. Using operating ratio and return on assets (ROA) f... View more
  • References (30)
    30 references, page 1 of 3

    BarNiv, R. and J.R. McDonald, 1992. Identifying financial distress in the insurance industry: A synthesis of methodological and empirical issues. Journal of Risk and Insurance, 59(4): 543-573.

    Browne, M.J., J.M. Carson, and R.E. Hoyt, 2001. Dynamic financial models of life insurers. North American Actuarial Journal, 5(2): 11-26.

    Chen, J.S., M.C. Chen, W.J. Liao and T.H. Chen, 2009. Influence of capital structure and operational risk on profitability of life insurance industry in Taiwan. Journal of Modeling in Management, 4(1): 7- 18.

    Chen, T.J. and M.H. Huang, 2001. An emprical analysis of determinants of cash holdings by insurance companies in Taiwan. Insurance Monograph, 66: 1-26.

    Choi, B.P., 2010. The U.S. property and liability insurance industry: Firm growth, size, and age. Risk Management and Insurance Review, 13(2): 207-224.

    Choi, B.P. and M.A. Weiss, 2005. An empirical investigation of market structure, efficiency, and performance in property-liability insurance. Journal of Risk and Insurance, 72(4): 635-673.

    Colquitt, L.L. and D.W. Sommer, 2003. An exploratory analysis of insurance insurer groups. Risk Management and Insurance Review, 6(2): 83-96.

    Cummins, J.D. and G.P. Nini, 2002. Optimal capital utilization by financial firms: Evidence from the property-liability insurance industry. Journal of Financial Services Research, 21(1/2): 15-53.

    Doumpos, M. and C. Gaganis, 2012. Estimating and explaining the financial performance of property and casualty insurers: A two-stage analysis. JCC: The Business and Economics Research Journal, 5(2): 155-170.

    Elango, B., Y. Ma and N. Pope, 2008. An investigation into the diversification-performance relationship in the U.S. property-liability insurance industry. Journal of Risk and Insurance, 75(3): 567-591.

  • Metrics
Share - Bookmark