Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange
Banking and insurance industries are the strategic pillars of every country's economy and play a key role in the economy of countries. Without financial and insurance institutions, the financial sector of the country will be no longer effective. Therefore, determining the factors affecting the...
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| Format: | Article |
| Language: | English |
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Iran Finance Association
1999-12-01
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| Series: | Iranian Journal of Finance |
| Subjects: | |
| Online Access: | https://www.ijfifsa.ir/article_58462_3750c686fbf93f07fb090e1976640408.pdf |
| _version_ | 1811323110406750208 |
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| author | farzad rahimzadeh Esmaeil Dargahi |
| author_facet | farzad rahimzadeh Esmaeil Dargahi |
| author_sort | farzad rahimzadeh |
| collection | DOAJ |
| description | Banking and insurance industries are the strategic pillars of every country's economy and play a key role in the economy of countries. Without financial and insurance institutions, the financial sector of the country will be no longer effective. Therefore, determining the factors affecting the returns and performance of these institutions seems necessary. So, in this research, the efficiency and effectiveness of financial and insurance institutions and their influential factors in 18 banks and listed insurance companies in Tehran Stock Exchange were studied. To do this, the data of selected financial and insurance institutions during the period of 2009-2016 were extracted using Rahavard Novin softwareand the model was estimated using the data panel method and Eviews9.0. Before estimating the model, using the unitroot test of the Dickey Fuller, the variables stationary property were checked and confirmed,and the Jarque-Bera testwas approved for the normal distribution of variables.The results of the model estimation showed that at a significant level of 5%, the size of financial and insurance institutions, financial leverage, and the concentration ratio on their performance and returns had a positive effect, and this effect was statistically significant at 5% significancy. Also, credit risk has a negative effect on the performance and returns of these institutions and this effect is statistically significant at 5% significancy. The effect of the volume of state ownership on the performance and returns of financial and insurance institutions is negative, but this effect is not statistically significant for the returns of these institutions. |
| first_indexed | 2024-04-13T13:48:19Z |
| format | Article |
| id | doaj.art-d088e375ac6b40d9b7014aa096f3ce6f |
| institution | Directory Open Access Journal |
| issn | 2676-6337 2676-6345 |
| language | English |
| last_indexed | 2024-04-13T13:48:19Z |
| publishDate | 1999-12-01 |
| publisher | Iran Finance Association |
| record_format | Article |
| series | Iranian Journal of Finance |
| spelling | doaj.art-d088e375ac6b40d9b7014aa096f3ce6f2022-12-22T02:44:25ZengIran Finance AssociationIranian Journal of Finance2676-63372676-63451999-12-01119911610.22034/ijf.2017.5846258462Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchangefarzad rahimzadeh0Esmaeil Dargahi1Assistant Professor, Department of Economics and Accounting, Faculty of Humanities, University of Guilan, Rasht, IranMazandaran UniversityBanking and insurance industries are the strategic pillars of every country's economy and play a key role in the economy of countries. Without financial and insurance institutions, the financial sector of the country will be no longer effective. Therefore, determining the factors affecting the returns and performance of these institutions seems necessary. So, in this research, the efficiency and effectiveness of financial and insurance institutions and their influential factors in 18 banks and listed insurance companies in Tehran Stock Exchange were studied. To do this, the data of selected financial and insurance institutions during the period of 2009-2016 were extracted using Rahavard Novin softwareand the model was estimated using the data panel method and Eviews9.0. Before estimating the model, using the unitroot test of the Dickey Fuller, the variables stationary property were checked and confirmed,and the Jarque-Bera testwas approved for the normal distribution of variables.The results of the model estimation showed that at a significant level of 5%, the size of financial and insurance institutions, financial leverage, and the concentration ratio on their performance and returns had a positive effect, and this effect was statistically significant at 5% significancy. Also, credit risk has a negative effect on the performance and returns of these institutions and this effect is statistically significant at 5% significancy. The effect of the volume of state ownership on the performance and returns of financial and insurance institutions is negative, but this effect is not statistically significant for the returns of these institutions.https://www.ijfifsa.ir/article_58462_3750c686fbf93f07fb090e1976640408.pdfperformancereturnsfinancial and insurance institutionsdata panel |
| spellingShingle | farzad rahimzadeh Esmaeil Dargahi Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange Iranian Journal of Finance performance returns financial and insurance institutions data panel |
| title | Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange |
| title_full | Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange |
| title_fullStr | Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange |
| title_full_unstemmed | Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange |
| title_short | Identification of Factors Affecting the Returns and Performance of Financial and Insurance Companies Listed in the Tehran Stock Exchange |
| title_sort | identification of factors affecting the returns and performance of financial and insurance companies listed in the tehran stock exchange |
| topic | performance returns financial and insurance institutions data panel |
| url | https://www.ijfifsa.ir/article_58462_3750c686fbf93f07fb090e1976640408.pdf |
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