The Effect of Firm Specific Risk on Performance of Insurance Companies in Ethiopia
| dc.contributor.advisor | Abebe, Yitayew(PhD) | |
| dc.contributor.author | Likenaw, Akemach | |
| dc.date.accessioned | 2019-03-13T07:28:03Z | |
| dc.date.accessioned | 2023-11-04T07:57:23Z | |
| dc.date.available | 2019-03-13T07:28:03Z | |
| dc.date.available | 2023-11-04T07:57:23Z | |
| dc.date.issued | 2019-01 | |
| dc.description | A thesis submitted to Addis Ababa University College of Business and economics department of accounting and Finance in partial fulfillment of the requirements for Degree of masters of Science in accounting and finance | en_US |
| dc.description.abstract | The purpose of this study is to investigate the impact of financial risk on performance of insurance company’s in Ethiopia. Which examined the effects of firm specific financial risk factors (liquidity risk , credit risk, solvency risk, technical provisions risk, claim settlement risk, reinsurance risk, Underwriting risk and size of the company) on performance proxy by Return on Assets. performance is dependent variable while liquidity risk , credit risk, solvency risk, technical provisions risk, claim settlement risk, reinsurance risk, Underwriting risk and size of the company are independent variables. The sample in this study includes eight insurance companies that operates in Ethiopia for ten(10) financial years (2008-2017).Secondary data obtains from the financial statements (Balance sheet and Profit/Loss account) of insurance companies, financial publications of National Bank of Ethiopia are analyzed. In this study to analyze the collected data; descriptive, correlation and multiple panel linear regression data analysis method has been employed. The results of the random effect regression model revealed that credit risk, liquidity risk and claim settlement risk have negative & significant impact on ROA (proxy measure for financial performance) of insurance company in Ethiopia, whereas company size and reinsurance risk have positive & significant effect on ROA. The study leads to the conclusion that credit risk, liquidity risk, claim settlement risk, reinsurance risk and size of a company are the pull factors for the financial performance of insurers. In general, this study will be significant to insurance companies, general public, students and the insurance regulators as it will offer valuable contributions from both a theoretical and practical perspective. | en_US |
| dc.identifier.uri | http://etd.aau.edu.et/handle/123456789/16737 | |
| dc.language.iso | en_US | en_US |
| dc.publisher | Addis Ababa University | en_US |
| dc.subject | Insurance Companies | en_US |
| dc.subject | Risk on performance | en_US |
| dc.title | The Effect of Firm Specific Risk on Performance of Insurance Companies in Ethiopia | en_US |
| dc.type | Thesis | en_US |