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Int. J. Financial Stud. 2015, 3(4), 510-529; doi:10.3390/ijfs3040510

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

Department of Banking, College of Banking and Insurance, Gazi University, Ankara 06500, Turkey
Academic Editor: Pauline Barrieu
Received: 8 July 2015 / Revised: 11 September 2015 / Accepted: 13 October 2015 / Published: 29 October 2015
View Full-Text   |   Download PDF [294 KB, uploaded 29 October 2015]   |  

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. View Full-Text
Keywords: profitability; firm-specific factors; non-life insurance companies; Turkey profitability; firm-specific factors; non-life insurance companies; Turkey
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This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

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MDPI and ACS Style

Öner Kaya, E. The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey. Int. J. Financial Stud. 2015, 3, 510-529.

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Int. J. Financial Stud. EISSN 2227-7072 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
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