{"title":"宏观经济因素影响CARAMELS财务稳健指标吗？巴基斯坦非人寿保险业的发展背景","authors":"S. Ghauri, N. Ali, Zahid Ali Chanar, Shahid Obaid","doi":"10.22555/ijelcs.v4i2.2688","DOIUrl":null,"url":null,"abstract":"The research is carried out to f ind out the relationship of macroeconomic factors with the f inancial soundness indicators of CARAMELS framework for the non-life insurance industry, by using a panel data set of 22 non-life insurance companies of Pakistan from the year 2007 to 2016. The study is established on the most applicable panel data technique (random-effects model). The Hausman test proves that the random-effects model is suitable for the macroeconomic factors’ study. Based on the highest number of relationships among the variables, the results of the random-effects model indicate that macroeconomic factors (inflation and economic growth) have insignif icant relation with the CARAMELS f inancial soundness indicators. According to the author’s best knowledge, it is the f irst study that identif ies the relationship of macroeconomic factors with the CARAMELS f inancial soundness indicators, which will assist the scholars, managers and policymakers of the non-life insurance industry of Pakistan to consider the signif icant factors.","PeriodicalId":32665,"journal":{"name":"International Journal of Experiential Learning Case Studies","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2019-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"Do Macroeconomic Factors Effects CARAMELS Financial Soundness Indicators? A Context of Non-Life Insurance Industry in Pakistan\",\"authors\":\"S. Ghauri, N. Ali, Zahid Ali Chanar, Shahid Obaid\",\"doi\":\"10.22555/ijelcs.v4i2.2688\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The research is carried out to f ind out the relationship of macroeconomic factors with the f inancial soundness indicators of CARAMELS framework for the non-life insurance industry, by using a panel data set of 22 non-life insurance companies of Pakistan from the year 2007 to 2016. The study is established on the most applicable panel data technique (random-effects model). The Hausman test proves that the random-effects model is suitable for the macroeconomic factors’ study. Based on the highest number of relationships among the variables, the results of the random-effects model indicate that macroeconomic factors (inflation and economic growth) have insignif icant relation with the CARAMELS f inancial soundness indicators. According to the author’s best knowledge, it is the f irst study that identif ies the relationship of macroeconomic factors with the CARAMELS f inancial soundness indicators, which will assist the scholars, managers and policymakers of the non-life insurance industry of Pakistan to consider the signif icant factors.\",\"PeriodicalId\":32665,\"journal\":{\"name\":\"International Journal of Experiential Learning Case Studies\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2019-12-30\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of Experiential Learning Case Studies\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.22555/ijelcs.v4i2.2688\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Experiential Learning Case Studies","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.22555/ijelcs.v4i2.2688","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
Do Macroeconomic Factors Effects CARAMELS Financial Soundness Indicators? A Context of Non-Life Insurance Industry in Pakistan
The research is carried out to f ind out the relationship of macroeconomic factors with the f inancial soundness indicators of CARAMELS framework for the non-life insurance industry, by using a panel data set of 22 non-life insurance companies of Pakistan from the year 2007 to 2016. The study is established on the most applicable panel data technique (random-effects model). The Hausman test proves that the random-effects model is suitable for the macroeconomic factors’ study. Based on the highest number of relationships among the variables, the results of the random-effects model indicate that macroeconomic factors (inflation and economic growth) have insignif icant relation with the CARAMELS f inancial soundness indicators. According to the author’s best knowledge, it is the f irst study that identif ies the relationship of macroeconomic factors with the CARAMELS f inancial soundness indicators, which will assist the scholars, managers and policymakers of the non-life insurance industry of Pakistan to consider the signif icant factors.
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