IS THERE A CAUSAL RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND PREMIUM PRODUCTION? EVIDENCE FROM TURKISH INSURANCE INDUSTRY

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dc.authoridISIK, Ozcan/0000-0003-2230-8738
dc.authoridBelke, Murat/0000-0002-3299-7162
dc.contributor.authorIsik, Ozcan
dc.contributor.authorShabir, Mohsin
dc.contributor.authorBelke, Murat
dc.date.accessioned2024-10-26T18:00:44Z
dc.date.available2024-10-26T18:00:44Z
dc.date.issued2023
dc.departmentSivas Cumhuriyet Üniversitesi
dc.description.abstractThis study aims at determining the causal link between financial performance and premium production of non-life insurance companies. The relation between the financial performance and premium production is explored employing data from the 2011-2019 period for eight Turkish non-life insurance companies. In the first stage of the analysis, a hybrid model including LOPCOW, SWARA II, and MARCOS methods is proposed to determine companies' financial performance values. In this stage, a novel integrated weighting method for calculating criterion weights is applied based on objective information and judgements of decision-makers. In the second stage, the association between financial performance and premium production is investigated by correlation analysis. In the last stage, the causality linkage between the two variables is estimated using a panel causality test developed by Dumitrescu and Hurlin (2012). According to the results obtained from the panel causality test, the bidirectional causality relation exists between financial performance and premium production. Besides, the individual panel causality results reveal that bidirectional causality is valid for only Allianz and Anadolu insurance companies, which had an average share of over 35% in total non-life premium production during the analysis period. The paper provides fresh evidence on the association between the financial performance and premium production, particularly from the Turkish context. This is the first study to
dc.identifier.doi10.30798/makuiibf.1220299
dc.identifier.endpage1412
dc.identifier.issn2149-1658
dc.identifier.issue2
dc.identifier.startpage1388
dc.identifier.trdizinid1191837
dc.identifier.urihttps://doi.org/10.30798/makuiibf.1220299
dc.identifier.urihttps://search.trdizin.gov.tr/tr/yayin/detay/1191837
dc.identifier.urihttps://hdl.handle.net/20.500.12418/27839
dc.identifier.volume10
dc.identifier.wosWOS:001045333700023
dc.identifier.wosqualityN/A
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakTR-Dizin
dc.language.isoen
dc.publisherMehmet Akif Ersoy Univ
dc.relation.ispartofJournal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectInsurance
dc.subjectFinancial Performance
dc.subjectPremium Production
dc.subjectLOPCOW
dc.subjectSWARA II
dc.subjectMARCOS
dc.subjectPanel Causality
dc.titleIS THERE A CAUSAL RELATIONSHIP BETWEEN FINANCIAL PERFORMANCE AND PREMIUM PRODUCTION? EVIDENCE FROM TURKISH INSURANCE INDUSTRY
dc.typeArticle

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