Please use this identifier to cite or link to this item:
https://hdl.handle.net/10321/5521
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Msomi, Thabiso Sthembiso | en_US |
dc.date.accessioned | 2024-09-17T19:56:58Z | - |
dc.date.available | 2024-09-17T19:56:58Z | - |
dc.date.issued | 2023-12-31 | - |
dc.identifier.citation | Msomi, T.S. 2023. Macroeconomic and firm-specific determinants of financial performance: evidence from non-life insurance companies in Africa. Cogent Business & Management. 10(1):1-20 p. doi:10.1080/23311975.2023.2190312 | en_US |
dc.identifier.issn | 2331-1975 (Online) | - |
dc.identifier.other | isidoc: C7FG3 | - |
dc.identifier.uri | https://hdl.handle.net/10321/5521 | - |
dc.description.abstract | This study aimed to examine the macroeconomic and firm-specific determinants of financial performance using 121 listed non-life insurance companies from 48 African countries for the period 2008–2019. Panel data of 1452 observations were examined using both ordinary least squares and two-step System Generalised Method of Moments estimators. The findings of this study show that lagged return on assets, equity capital, operational efficiency and leverage, investment capability and gross domestic product are the statistically significant determinants of financial performance in African non-life insurance companies even though equity capital, operational efficiency and leverage are inversely significant. It is concluded that insurance industries, policymakers, government and investors should take into consideration these significant factors in taking decision and improving their performance. Also, it is recommended that the capital structures of the sector should be restructured to maintain a favourable balance in the equity and debt of the companies. Also, mechanisms such as automated systems that can reduce operational cost should be adopted such that financial performance can be enhanced. | en_US |
dc.format.extent | 21 p | en_US |
dc.language.iso | en | en_US |
dc.publisher | Informa UK Limited | en_US |
dc.relation.ispartof | Cogent Business & Management; Vol. 10, Issue 1 | en_US |
dc.subject | African insurance companies | en_US |
dc.subject | Non-life insurance businesses | en_US |
dc.subject | Macroeconomic | en_US |
dc.subject | Firm-specific | en_US |
dc.subject | Financial performance | en_US |
dc.subject | Two-step estimator | en_US |
dc.subject | System Generalised Method of Moments | en_US |
dc.subject | Regression | en_US |
dc.subject | 1503 Business and Management | en_US |
dc.subject | 3507 Strategy, management and organisational behaviour | en_US |
dc.title | Macroeconomic and firm-specific determinants of financial performance : evidence from non-life insurance companies in Africa | en_US |
dc.type | Article | en_US |
dc.date.updated | 2024-09-16T08:53:35Z | - |
dc.publisher.uri | http://dx.doi.org/10.1080/23311975.2023.2190312 | en_US |
dc.identifier.doi | 10.1080/23311975.2023.2190312 | - |
item.grantfulltext | open | - |
item.cerifentitytype | Publications | - |
item.fulltext | With Fulltext | - |
item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
item.languageiso639-1 | en | - |
item.openairetype | Article | - |
Appears in Collections: | Research Publications (Accounting and Informatics) |
Files in This Item:
File | Description | Size | Format | |
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Cogent Business Management Copyright Clearance.docx | 146.62 kB | Microsoft Word XML | View/Open | |
Msomi_Macro_2023.pdf | 957.11 kB | Adobe PDF | View/Open |
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