The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey

Emine Öner Kaya
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Emine Öner Kaya: Department of Banking, College of Banking and Insurance, Gazi University, Ankara 06500, Turkey

IJFS, 2015, vol. 3, issue 4, 1-20

Abstract: This study investigates the firm-specific factors affecting the profitability of non-life insurance companies operating in Turkey. For this purpose, data of 24 non-life insurance companies operating in Turkey from the period 2006–2013 were brought together to obtain 192 observed panel data sets. In this study, profitability is measured by two different variables: technical profitability ratio and sales profitability ratio. According to the empirical results, the firm-specific factors affecting the profitability of Turkish non-life insurance companies are the size of the company, age of the company, loss ratio, current ratio, and premium growth rate.

Keywords: profitability; firm-specific factors; non-life insurance companies; Turkey (search for similar items in EconPapers)
JEL-codes: F2 F3 F41 F42 G1 G2 G3 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (23)

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