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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
Int. J. Financial Stud. 2015, 3(4), 510-529; https://doi.org/10.3390/ijfs3040510
Received: 8 July 2015 / Revised: 11 September 2015 / Accepted: 13 October 2015 / Published: 29 October 2015
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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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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