Struktur Pasaran, Gelagat Firma dan Produktiviti

Kajian Empirik Firma Insurans Am di Malaysia

Translated title of the contribution: Market structure, firm's behavior and productivity: Empirical study on general insurance in Malaysia

Mustazar Mansur, Alias Radam, Yuslindal Yaakub

Research output: Contribution to journalArticle

Abstract

This paper empirically examines the determinants, such as the profitability and productivity levels of general insurance companies in Malaysia. Two structure models, represented by two main functions, that is, profitability function and productivity function are used. This model is based on the theory of industrial organization, formally known as Structure, Conduct and Performance (SCP) theory. Panel data for the 40 years period is used for determining the model estimation on productivity and profitability of general insurance firms, using the Two Stage Least Square (2SLS) method. Four main hypotheses, namely the SCP hypothesis, the Relative Market Power (RMP) hypothesis, the Efficient-Structure (ES) hypothesis and the Market-Power (MP) hypothesis, were tested. The findings show that general insurance firms' profit function has a positive and significant influenced by insurers' premium income, returns on investment and fixed assets turnover. Conversely, other variables, such as market share, total assets turnover and insurance price have a significant negative effect. In terms of the productivity functions, there is a significant positive relationship between return on assets, productivity management, market shares, commission agents and fixed asset turnover with the general insurance firms' productivity functions. However, the variable turnover total assets return on investment, labour productivity and price insurance has a negative and significant relationship with the firms' productivity functions.

Original languageMalay
Pages (from-to)133-144
Number of pages12
JournalJurnal Ekonomi Malaysia
Volume51
Issue number1
DOIs
Publication statusPublished - 2017

Fingerprint

Market structure
Empirical study
Insurance
Firm behavior
Productivity
Malaysia
Firm productivity
Turnover
Profitability
Market share
Fixed assets
Return on investment
Market power
Asset returns
Income
Two-stage least squares
Panel data
Premium
Labour productivity
Insurance companies

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)

Cite this

Struktur Pasaran, Gelagat Firma dan Produktiviti : Kajian Empirik Firma Insurans Am di Malaysia. / Mansur, Mustazar; Radam, Alias; Yaakub, Yuslindal.

In: Jurnal Ekonomi Malaysia, Vol. 51, No. 1, 2017, p. 133-144.

Research output: Contribution to journalArticle

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