Citation
Akpan, Sunday S. and Mahat, Fauziah and Amin Noordin, Bany Ariffin and Md Nassir, Annuar
(2019)
Performance effect of risk-based capital policy on insurers : longitudinal microdata evidence.
Journal of African Business, 22 (1).
85 - 105.
ISSN 1522-8916; ESSN: 1522-9076
Abstract
Risk-based capitalization (RBC) is an insurance regulation policy aimed at protecting policyholders. But effects of this policy on insurers’ performance are conjectural as empirical studies are scarce. This study investigates RBC influence, in the context of capital structure, on return on asset (ROA), return on equity (ROE) and earnings per share (EPS) of insurers using 2SLS fixed and random effect models. From the results, RBC improved ROA and EPS significantly, but reduced ROE insignificantly. It concluded that RBC policy make a significant positive contribution to ROA and EPS. ROE is not significantly affected by RBC policy for the period under review.
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | School of Business and Economics |
| DOI Number: | https://doi.org/10.1080/15228916.2019.1695181 |
| Publisher: | Routledge |
| Keywords: | Risk-based capital policy; Capital structure; Insurers’ performance; Nigeria |
| Depositing User: | Mas Norain Hashim |
| Date Deposited: | 02 Dec 2022 07:55 |
| Last Modified: | 02 Dec 2022 07:55 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1080/15228916.2019.1695181 |
| URI: | http://psasir.upm.edu.my/id/eprint/94540 |
| Statistic Details: | View Download Statistic |
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