Business structure, competition, and financial stability: Evidence from China's property-liability insurance market

IF 7.4 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-03-15 DOI:10.1016/j.frl.2025.107227

Shuang Wu , Yanan Chen

引用次数: 0

Abstract

Using non-balanced panel data from China's property-liability insurance market between 2008 and 2016, this study examines the impact of business structures on corporate financial stability. Results show that an increase in non-auto insurance significantly improves an enterprise's financial stability, particularly for foreign-funded and small Chinese-funded companies. An analysis of the moderating effect shows that only small Chinese-funded insurance companies will benefit from the positive effect of the business structure on financial stability. These findings have important policy implications for the government and insurers.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance