Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry

LE, Shengyue (2009) Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry. [Dissertation (University of Nottingham only)] (Unpublished)

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Abstract

This dissertation investigates the impacts of a firm’s diversification strategy and firm-specific

factors on the financial performance in the Chinese non-life insurance industry using data

from 2003 to 2007. The return on assets and risk-adjusted return on assets are chosen as the

proxies of a firm’s financial performance. With the separation of product and geographic

diversification, as measured by a modified Herfindahl index of gross written premiums, the

results from both the panel data analysis and the cross-sectional data analysis indicate that

large firms or firms with a high degree of product diversification outperform the others. In

addition, the inconclusive results from the impacts of the group status, ownership structures

and other firm-specific factors may suggest a complex relationship between the factors and a

firm’s financial performance, which is unique for the characteristics in the Chinese non-life

insurance industry.

Item Type: Dissertation (University of Nottingham only)
Keywords: Diversification
Depositing User: EP, Services
Date Deposited: 04 Feb 2010 10:35
Last Modified: 01 Nov 2016 19:30
URI: http://eprints.nottingham.ac.uk/id/eprint/22813

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