Risk Performance on Financial Assessment of Insurance Firms in Egypt

Abstract

The subject matter of this study is the analysis of the relationship between risk assessment and firm size on financial performance. The population encompasses thirty-nine listed insurance firms in Egypt during the period 1999 -2019, whereas a sample of nineteen insurance companies was selected. The financial assessment is a dependent variable, while the independent variable is risk assessment. This study used general linear multivariate analysis and descriptive statistics. The article is an attempt to investigate the relationship between risk assessment and firm size on financial assessment of insurance sector in Egypt. The results indicate that there is significant positive linear relationship between standard deviation of return on equity, standard deviation of return on asset, and natural logarithm of total assets with return on equity. Moreover, there is significant positive linear relationship between standard deviation of return on equity, standard deviation of return on asset and natural logarithm of total assets where on return on asset. Therefore, there is significant positive linear relationship between standard deviation of return on equity and standard deviation of return on asset on liquidity. Nevertheless, there is a negative relationship between natural logarithm of total assets.

Effect of firm specific factors and reinsurance on performance of Nepalese Insurance Companies

“…Size of the firm has positive relationship with return on assets (Aryonindito et al, 2020). Likewise, Eladly (2022) found the similar result where firm size has positive relationship with firm performance. The firm size positive and significant relationship with return on assets (Vojinvic et al, 2022), Ahmeti and Iseni (2022) found that there is a positive and significant relationship between firm size and ROA.…”

“…Tegegn et al (2020) found premium growth rate and size, are positively related but in contrast liquidity and age negatively but significantly related with profitability of Ethiopian insurance companies. Similarly, Eladly (2022) revealed the natural logarithm of total assets has positive and significant relationship with return on assets. Firm size, Gross domestic product, the population growth rates, political stability, all lead to higher profitability in the Serbian insurance industry (Vojinovic et al, 2022).…”

The nexus of ESG and environmental sustainability: Does gender diversity make a difference in Asian companies?

“…According to earlier research, several rm-speci c variables can affect the ESP, like rm size proxied by the natural log of total assets (Eladly, 2022). Some have found that companies with larger sizes and higher equity ratios perform better regarding environmental sustainability (Eladly, 2022). This study controlled the leverage ratio.…”

“…Control variables are theoretically associated with rm performance and are considered additional aspects that could affect the analysis and reduce model misspeci cation. According to earlier research, several rm-speci c variables can affect the ESP, like rm size proxied by the natural log of total assets (Eladly, 2022). Some have found that companies with larger sizes and higher equity ratios perform better regarding environmental sustainability (Eladly, 2022).…”

“…Furthermore, this study controlled Return on Assets (ROA) calculated as the net income before tax divided by the total assets. The previous literature argued that a rm more engaged in ESG activities had higher pro tability as it contributes to society's well-being (Eladly, 2022). The data on the control variables were gathered from Thomson Reuters Datastream.…”