Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry
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’...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2009
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| Online Access: | https://eprints.nottingham.ac.uk/22813/ |
| _version_ | 1848792454216548352 |
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| author | LE, Shengyue |
| author_facet | LE, Shengyue |
| author_sort | LE, Shengyue |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-14T18:44:39Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-22813 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:44:39Z |
| publishDate | 2009 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-228132018-02-16T02:38:49Z https://eprints.nottingham.ac.uk/22813/ Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry LE, Shengyue 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. 2009-09-07 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/22813/1/ShengyueLE_4078648.pdf LE, Shengyue (2009) Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry. [Dissertation (University of Nottingham only)] (Unpublished) Diversification |
| spellingShingle | Diversification LE, Shengyue Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry |
| title | Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry |
| title_full | Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry |
| title_fullStr | Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry |
| title_full_unstemmed | Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry |
| title_short | Diversification Strategy and Comparative Financial Performance in the Chinese Non-life Insurance Industry |
| title_sort | diversification strategy and comparative financial performance in the chinese non-life insurance industry |
| topic | Diversification |
| url | https://eprints.nottingham.ac.uk/22813/ |