Journal ArticleDOI
The determinants of corporate financial performance in the Bermuda insurance market
Mike Adams,Mike Buckle +1 more
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TLDR
The authors examined the determinants of corporate underwriting and investment related financial performance in the Bermuda insurance market and found that, as expected, highly leveraged, lowly liquid companies and reinsurers have better operational performance than lowly leveraged and highly liquid companies.Abstract:
Drawing a framework from the organizational economics literature this study examines the determinants of corporate (i.e. underwriting and investment related) financial performance in the Bermuda insurance market. Using panel data for 1993–1997, it was found that, as expected, highly leveraged, lowly liquid companies and reinsurers have better operational performance than lowly leveraged, highly liquid companies and direct insurers. Contrary to what was hypothesized, performance was positively related to underwriting risk. However, the size of companies and the scope of their activities were not found to be important explanatory factors.read more
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Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange
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Performance and size: empirical evidence from Portuguese SMEs
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Profitability determinants among micro firms: evidence from Swedish data
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Profitability in Portuguese service industries: a panel data approach
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References
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Investment Returns of Life Insurers: Tests of Agency Theory and its Alternatives
TL;DR: In this article, the authors test the predictions of agency theory and its alternatives concerning the investment yields of life insurers and find offsetting differences in the investment results of these insurers and also find significant economies of scale in investment function that help explain what might otherwise appear to be an unjustified emphasis on firm growth.
Posted Content
Technical Efficiency and Technological Change in Australian Building Societies, 1993/94-1996/97‡
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