我国财产保险公司多元化经营与绩效的实证研究  

An empirical study on operational diversification and performance of China′s property insurance companies

作　　者：许莉[1] 樊小平[1] 张宁[1] 

机构地区：[1]厦门大学经济学院,福建厦门361005

出　　处：《保险研究》2010年第5期10-18,共9页Insurance Studies

基　　金：国家社会科学基金项目(06BJY005);福建省社会科学规划项目(2006B2135)

摘　　要：本文对我国财产保险公司1999年～2005年多元化经营与绩效之间的关系进行实证研究。通过多元回归模型分析,我们发现,财险公司产品多元化与公司绩效有着非线性关系,经营区域多元化对公司绩效有显著正向影响。同时,财险公司产品多元化与经营区域多元化之间存在交互关系,并对公司绩效有负向影响,产品多元化经营是否能提高公司绩效因其经营区域多元化程度的不同而不同。实证结果还显示,公司规模和集团化对财险公司绩效有显著的正向影响,而投资资产比例与财险公司绩效没有显著的影响关系。This paper investigated the relationship between operational diversification and performance of property insurance companies in China during the period of 1999 -2005. Our empirical analyses showed that there was a nonlinear relationship between product diversification and insurer＇s performance; and geographic diversification had a positive effect on overall performance. Moreover, there was an interactive relationship between product diversifi- cation and geographic diversification and had a negative effect on insurer＇s performance. Whether product diversification could enhance performance varied with the degree of geographic diversification. The empirical results also in- dicated that the firm size and group status were positively related to insurer＇s financial performance, while the ratio of investment assets had no visible impact on the performance of property insurance companies.

关 键 词：多元化经营 绩效 财产保险 

分 类 号：F840.32[经济管理—保险]