Struktur Pasaran, Gelagat Firma dan Produktiviti: Kajian Empirik ke atas Firma Insurans Am di Malaysia

Mustazar Mansur (), Alias Radam () and Yuslindal Yaakub ()
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Mustazar Mansur: School of Economics Faculty of Economics and Management Universiti Kebangsaan Malaysia 43600 UKM Bangi Selangor Darul Ehsan MALAYSIA
Alias Radam: Department of Management and Marketing Faculty of Economics and Management Universiti Putra Malaysia 43400 UPM Serdang, Selangor Darul Ehsan MALAYSIA
Yuslindal Yaakub: Economic Planning Unit Prime Minister’s Department Parcel B, Block B5, Level 3 Federal Government Administrative Centre 62502 Putrajaya MALAYSIA

Jurnal Ekonomi Malaysia, 2017, vol. 51, issue 1, 133-144

Abstract: This paper empirically examines the determinants of the profitability and productivity of general insurance firms in Malaysia. The structure, Conduct and Performance (SCP) paradigm is used to estimate two main functions, i.e profitability and productivity function respectively. Panel data for the period of 2000-2012 and 50 insurance companies is used for determining the model estimation on productivity and profitability of general insurance firms, using the Two Stage Least Square (2SLS) method. Four main hypotheses, namely the SCP, the Relative Market Power (RMP), the EfficientStructure (ES) and the Market-Power (MP) are tested. The findings show that general insurance firms’ profit function has positive and significant influenced by insurers’ premium income, returns on investment and fixed assets turnover. Other variables such as market share, total assets turnover and insurance price have significant negative effect. In terms of the productivity functions, there is a significant positive relationship between return on assets, productivity management, market shares, commission agents and fixed asset turnover with the productivity functions. However, turnover total assets return on investment, labour productivity and price insurance have negative and significant relationships with firms’ productivity functions.

Keywords: Profitability; general insurance; productivity (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:ukm:jlekon:v:51:y:2017:i:1:p:133-144

DOI: 10.17576/JEM-2017-5101-11

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