Research Article
Hayat-Dışı Sigorta Şirketleri İçin Finansal Performans Belirleyicilerinin Panel Veri Analizi Kullanılarak Seçimi
Abstract
Sigorta şirketlerinin performansları, belirli finansal değişkenlerin kullanıldığı çok değişkenli analizler yardımıyla incelenebilir. Analiz sonuçları, kullanılan yönteme ve değişkenlere göre değişebilir. Yaygın olarak kullanılan girdi ve çıktı değişkenleri literatür taraması veya bazı yaklaşımlar yardımıyla belirlenebilir. Ancak, performans ölçümünden önce, değişken seçimini istatistiksel yöntemler kullanarak yapmak anlamlı değişkenlerin belirlenmesi açısından önemlidir. Bu çalışmada, Türkiye'de beş yıllık dönemde faaliyet gösteren 30 hayat-dışı sigorta şirketinin finansal performansını ölçen belirleyiciler korelasyon analizi, regresyon analizi ve beş yıllık panel veri analizi ile incelenmiştir. Regresyon analizi sonuçlarındaki tutarsızlıktan dolayı, değişkenler panel veri analizine göre seçilmiştir. Tüm değişkenler ve sadece anlamlı değişkenlerle kurulan panel veri modelleri karşılaştırılmıştır. Bazı dönüşümler yardımıyla değiştirilen değişkenler yerine, finansal oranların kullanıldığı modelin finansal performansı daha iyi açıkladığı görülmektedir.
Keywords
Finansal Performans Finansal Belirleyici Sigorta Şirketi Regresyon Analizi Panel Veri Analizi
References
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- Shahzad, Farhan – Nawab, Samina – Tanveer, Shahid – Shafi, Khuram – Bhatti, Waqas Khaliq (2018), “Analyzing the Individual Effect of Determinants Effecting the Financial Performance of Banks Using Camels Model”, WALIA Journal, 34 (1), pp. 27-31.
- Shanmugam, Ramalingam - Johnson, Charles (2007), “At a Crossroad of Data Envelopment and Principal Component Analyses”, Omega, 35 (4), pp. 351-364.
- Tone, Kaoru - Sahoo, Biresh K. (2005), “Evaluating Cost Efficiency and Returns to Scale in the Life Insurance Corporation of India Using Data Envelopment Analysis”, Socio-Economic Planning Sciences, 39 (4), pp. 261-285.
- Yang, Zijiang (2006), “A Two-Stage DEA Model to Evaluate the Overall Performance of Canadian Life and Health Insurance Companies”, Mathematical and Computer Modelling, 43 (7), pp. 910-919.
- Yıldırım, Esen (2009), “The Effect of Principal Components Analysis Improving Discrimination Power on Data Envelopment Analysis Process”, Istanbul University Journal of the School of Business, 38 (1), pp. 66-83.
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- https://www.hazine.gov.tr/, (Ekim 2016)
Year 2019,
Issue: 82, 251 - 264, 01.04.2019
Abstract
References
- Adams, Michael - Buckle, Mike (2003), “The Determinants of Corporate Financial Performance in the Bermuda Insurance Market", Applied Financial Economics, 13(2), pp. 133-143.
- Akan, Yusuf - Çalmaşur, Gürkan (2011), “Etkinliğin Hesaplanmasında Veri Zarflama Analizi ve Stokastik Sınır Yaklaşımı Yöntemlerinin Karşılaştırılması (TRA1 Alt Bölgesi Üzerine Bir Uygulama)”, Atatürk Üniversitesi İktisadi ve İdari Bilimler Dergisi, 25, 10. Ekonometri ve İstatistik Sempozyumu Özel Sayısı, ss. 13- 32.
- Almajali, Amal Yassin - Alamro, Sameer Ahmed - Al-Soub, Yahya Zakarea (2012), "Factors Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange" Journal of Management research, 4 (2), pp. 266-289.
- Altan, Mitra Salimi (2010), “Türk Sigortacılık Sektöründe Etkinlik: Veri Zarflama Analizi Yöntemi ile Bir Uygulama”, Gazi Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 12 (1), ss. 1-20.
- Baltagi, Badi (2005), “Econometric Analysis of Panel Data”, John Wiley & Sons, Chichester, England.
- Boadi, Eric Kofi - Antwi, Samuel – Lartey, Victor Curtis (2013), "Determinants of Profitability of Insurance Firms in Ghana", International Journal of Business and Social Research 3 (3), pp. 43-50.
- Capon, Noel - Farley, John U. - Hoenig, Scott (1990), “Determinants of Financial Performance: A Meta-Analysis”, Management science, 36 (10), pp. 1143-1159.
- Curak, Marijana - Pepur, Sandra - Poposki, Klime (2011), “Firm and Economic Factors and Performance: Croatian Composite Insurers”, The Business Review Cambridge, 19 (1), pp. 136-142.
- Çerkezi, Anila (2015), “Determinants of Financial Performance of the Insurance Companies: A Case of Albania”, International Journal of Economics, Commerce and Management, 3 (4), pp. 1-10.
- Dalkılıç, Nilüfer (2012) “Türkiye’de Hayat Dışı Sigortacılık Sektöründe Etkinlik Analizi”, Muhasebe ve Finansman Dergisi, 55, ss. 71-90.
- Frees, Edward W. (2009), “Regression Modeling with Actuarial and Financial Applications”, Cambridge University Press, UK.
- Gajavelli, Bhishma Rao SS. (2016), “"Profitability Evaluation and Ranking of Indian Non-Life Insurance Firms Using GRA and TOPSIS." Journal of Insurance and Financial Management, 2 (2), pp. 153-170.
- Hao, James CJ - Chou, Lin-Yhi (2005), “The Estimation of Efficiency for Life Insurance Industry: The Case of Taiwan”, Journal of Assian Economics 16 (5), pp. 847-860.
- Harton, Kane (2010), “Scale Advantage-Using Data Envelopment Analysis to Detect Economies of Scale in the Insurance Industry”, Proocedings of the 45th Annual Conference of the ORSNZ, November.
- Karadağ Erdemir, Övgücan - Tatlıdil, Hüseyin (2017), “Data Reduction in Data Envelopment Analysis: A Research on Efficiency of Insurance Companies”, Journal of Current Research on Business and Economics (JoCReBE), 7 (1), pp. 65-78.
- Khan, Sheza Ally (2015) “Determinants of the Non Life Insurance Performance: The Portuguese Case”, Dissertation of Master in Finance, Lisboa School of Economics and Management, pp. 1-49.
- Kılıçkaplan, Serdar - Karpat, Gaye (2013) “Türkiye Hayat Sigortası Sektöründe Etkinliğin İncelenmesi”, Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 19 (1), ss. 1-14.
- Kozak, Sylwester (2011), “Determinants of Profitability of Non-Life Insurance Companies in Poland during Integration with the European Financıal System”, Electronic Journal of Polish Agricultural Universities, 14 (1).
- Ksenija, Mandic – Boris, Delibasic – Snezana, Knezevic – Sladjana, Bencovic 82017), "Analysis of the Efficiency of Insurance Companies in Serbia Using the Fuzzy AHP and TOPSIS Methods", Economic Research-Ekonomska istraživanja, 30 (1), pp. 550-565.
- Malik, Hifza (2011), “Determinants of Insurance Companies Profitability: An Analysis of Insurance Sector of Pakistan”, Academic Research International, 1(3), pp. 315-321.
- Mehari, Daniel - Aemiro, Tiluhan (2013), “Firm Specific Factors That Determine Insurance Companies’ Performance in Ethiopia”, European Scientific Journal, 9 (10), pp. 245-255.
- Öner Kaya, Emine (2015), “The Effects of Firm-Specific Factors on the Profitability of Non-Life Insurance Companies in Turkey”, International Journal of Financial Studies, 3 (4), pp. 510-529.
- Öner Kaya, Emine - Kaya, Bekir (2015), “Türkiye’de Hayat Sigortası Şirketlerinin Finansal Performansını Belirleyen Firmaya Özgü Faktörler: Panel Veri Analizi”, Finansal Araştırmalar ve Çalışmalar Dergisi, 7 (12), ss. 93-111.
- Shahzad, Farhan – Nawab, Samina – Tanveer, Shahid – Shafi, Khuram – Bhatti, Waqas Khaliq (2018), “Analyzing the Individual Effect of Determinants Effecting the Financial Performance of Banks Using Camels Model”, WALIA Journal, 34 (1), pp. 27-31.
- Shanmugam, Ramalingam - Johnson, Charles (2007), “At a Crossroad of Data Envelopment and Principal Component Analyses”, Omega, 35 (4), pp. 351-364.
- Tone, Kaoru - Sahoo, Biresh K. (2005), “Evaluating Cost Efficiency and Returns to Scale in the Life Insurance Corporation of India Using Data Envelopment Analysis”, Socio-Economic Planning Sciences, 39 (4), pp. 261-285.
- Yang, Zijiang (2006), “A Two-Stage DEA Model to Evaluate the Overall Performance of Canadian Life and Health Insurance Companies”, Mathematical and Computer Modelling, 43 (7), pp. 910-919.
- Yıldırım, Esen (2009), “The Effect of Principal Components Analysis Improving Discrimination Power on Data Envelopment Analysis Process”, Istanbul University Journal of the School of Business, 38 (1), pp. 66-83.
- Zhu, Joe (1998), “Data Envelopment Analysis vs. Principal Component Analysis: An Illustrative Study of Economic Performance of Chinese Cities”, European Journal of Operational Research, 111 (1), pp. 50-61.
- https://www.hazine.gov.tr/, (Ekim 2016)
There are 30 citations in total.
Details
| Primary Language | English |
|---|---|
| Journal Section | Research Article |
| Authors | |
| Publication Date | April 1, 2019 |
| Submission Date | July 27, 2018 |
| Published in Issue | Year 2019 Issue: 82 |