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Abstract

In order to determine the firm-specific factors affecting financial performance and the relationship between these factors and the performance, a panel data set of 102 observations were obtained for the sample of 17 life insurance companies operating in Turkey for the period 2008–2013. In this study, financial performance of insurance companies was measured by return on assets (ROA). As a result of the research, it has been identified that age of company and gross written premiums have a significant and positive effect on return on assets. However, size of company, current ratio, and insurance leverage ratio have a significant and negative impact on return on assets

Keywords

• Firm Specific Factors, Financial Performance, Life Insurance Companies, Turkey, Panel

TÜRKİYE’DE HAYAT SİGORTASI ŞİRKETLERİNİN FİNANSAL PERFORMANSINI BELİRLEYEN FİRMAYA ÖZGÜ FAKTÖRLER: PANEL VERİ ANALİZİ

Öz

Finansal performansı etkileyen firmaya özgü faktörlerin belirlenmesi ve bu faktörler ile performans arasındaki ilişkinin tespit edilmesi amacıyla, 2008-2013 döneminde, Türkiye’de faaliyet gösteren 17 hayat sigortası şirketinin verileri bir araya getirilerek 102 gözlemli bir panel veri seti elde edilmiştir. Finansal performansın ölçütü olarak aktif kârlılık oranının kullanıldığı araştırma neticesinde, brüt yazılan primler ve şirket yaşının aktif kârlılık oranı üzerinde istatistiki olarak anlamlı ve olumlu bir etkiye sahip olduğu tespit edilmiştir. Buna karşın, şirket büyüklüğü, cari oran ve sigorta kaldıraç oranı, aktif kârlılık oranı üzerinde istatistiki olarak anlamlı ve olumsuz bir etkiye sahiptir.

Anahtar Kelimeler

• Firmaya Özgü Faktörler, Finansal Performans, Hayat Sigortası Şirketleri, Türkiye, Panel Veri Analizi

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