Have a personal or library account? Click to login
Market Structure and Determinants of Firm Profitability on General Insurance Industry in Indonesia Cover

Market Structure and Determinants of Firm Profitability on General Insurance Industry in Indonesia

Open Access
|May 2021

References

  1. Abidin, Z., Cabanda, E., (2011), Efficiency of Non-Life Insurance in Indonesia, Journal of Economics, Business and Accountancy Ventura, Vol. 14, no. 3, pp. 197-202.
  2. Acosta, R.S., (2014), Effects of Health Insurance Concentration Market on Insurance Coverage in Colombia, Journal of Competitiveness, Vol. 6, no. 3, pp. 3-19.
  3. Al Arif, M.N.R., Awwaliyah, T.B., (2019), Market Share, Concentration Ratio, and Profitability: Evidence from Indonesian Islamic Banking Industry, Journal of Central Banking Theory and Practice,Vol. 8, no. 2, pp. 189-201.
  4. Bain, J., (1951), The Relation of Profit Rate to Industry Concentration, American Manufacturing, 1936-1940, Quarterly Journal of Economics, Vol. 65, no. 3, pp. 293-324.
  5. Bain, J. (1956): Barriers to New Competition, Harvard University Press, Cambridge, MA.10.4159/harvard.9780674188037
  6. Baltagi, B. H. (2005): Econometric Analysis of Panel Data, John Wiley & Son, Ltd., West Sussex, England.
  7. Batool, A., Sahi, A., (2019), Determinants of Financial Performance of Insurance Companies of USA and UK during Global Financial Crisis (2007-2016), International Journal of Accounting Research, Vol. 7, no. 1, pp. 1-9.
  8. Qekrezi, A., (2015), Determinants of Financial Performance of the Insurance Companies: A Case of Albania, International Journal of Economics, Commerce and Management, Vol. 3, no. 4, pp. 1-10.
  9. Cummins, J.D., Weiss, M.A., (2000), Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods. In: Dionne G. (eds), Handbook of Insurance. Huebner International Series on Risk, Insurance, and Economic Security, Vol. 22, Springer, Dordrecht.10.1007/978-94-010-0642-2_24
  10. Demsetz, H., (1973), Industry Structure, Market Rivalry, and Public Policy, Journal of Law and Economics, Vol. 16, no. 1, pp. 1-9.
  11. Dimic, M., Barjaktarovic, L., Arsenijevic, O., Sprajc, P., Zirovnik, J., (2018), Measuring the Concentration of Insurance sector - the Case of Southeastern European Countries, Organizacija, Vol. 51, no. 1, pp. 50-64.
  12. Ferguson, P., Ferguson, G. (1994): Industrial Economics: Issues and Perspectives, 2nd edition, The Macmillan Press.10.1007/978-1-349-23306-9
  13. Gujarati, D.N., Porter, D.C. (2009): Basic Econometrics, McGraw-Hill/Irwin, New York.
  14. Gwin, C. R., (2001), A Guide for Industry Study and the Analysis of Firms and Competitive Strategy, available online at https://dokumen.tips/documents/a-guide-for-industry-study-and-the-analysis-of-firms-and-competitive-strategypdf.html
  15. Hay, D.A., Morris, D.J. (1991): Industrial Economics and Organization: Theory and Evidence, Oxford University Press, Oxford.
  16. Jaloudi, M., Bakir, A., (2019), Market Structure, Efficiency, and Performance of Jordan Insurance Market, International Journal of Business and Economics Research, Vol. 8, no. 1, pp. 6-13.
  17. Jumono, S., Addurrahman, Mala, C.M.F., (2017), Market Concentration Index and Performance: Evidence from Indonesian Banking Industry, International Journal of Economics and Financial Issues, Vol. 7, no. 2, pp. 249-258.
  18. Kourtzidis, S., (2020), Investigating the Determinants of Firm Performance: A Qualitative Comparative Analysis of Insurance Companies, European Journal of Management and Business Economics, Vol. 29, no. 1, pp. 3-22.
  19. Kramaric, T.P., Miletic, M., Pavic, I., (2017), Profitability Determinants of Insurance Markets in Selected Central and Eastern European Countries, International Journal of Economic Sciences, Vol. 6, no. 2, pp. 100-123.
  20. Kwon, W.J., Wolfram, L., (2016), Analytical Tools for the Insurance Market and Macro-Prudential Surveillance, OECD Journal: Financial Market Trends, 2016, no. 1, pp. 1-47.
  21. Lelissa, T.B., Kuhil, A.M., (2018), The Structure Conduct Performance Model and Competing Hypothesis- A Review of Literature, Research Journal of Finance and Accounting, Vol. 9, no. 1, pp. 76-89.
  22. Lipczynski, J., Wilson, J., Goddard, J. (2013): Industrial Organization, Competition, Strategy, and Policy, Second edition, FT Prentice Hall, London.
  23. Mala, C.M.F., Sugiyanto, Jatmiko, (2019), Analysis of Market Power Hypothesis and Efficiency Hypothesis in ASEAN Banking, Journal of Emerging Issues in Economics, Finance and Banking, Vol. 8, no. 1, pp. 2681-2697.
  24. Mason, E., (1939), Price and Production Policies of Large-Scale Enterprise, American Economic Review, Vol. 29, no. 1, pp. 61-74.
  25. Mehari, D., Aemiro, T., (2013), Firm Specific Factors that Determine Insurance Companies’Performance in Ethiopia, European Scientific Journal, Vol. 9, no. 10, pp. 245-255.
  26. Mohamed, Z., Shamsudin, M., Latif, A., Mu’azu, A., (2013), Measuring Competition along the Supply Chain of the Malaysian Poultry Industry, International Conference on Social Science Research, 4-5 June 2013, Penang, Malaysia.
  27. Mujiatun, S., Handayani, S., (2018), Effect Of Operational Cost And Operational Revenue On Return On Asset Of Sharia Banking: Case Study On Sharia Business Division Of PT Bank Sumut, International Journal of Scientific & Technology Research, Vol. 7, no. 7, pp. 223-227.
  28. Neuberger, D., (1997), Structure, Conduct and Performance in Banking Markets, Thuenen-Series of Applied Economic Theory, No 12, University of Rostock, Institute of Economics.
  29. Omondi, M., Muturi, W., (2013), Factors Affecting the Financial Performance of Listed Companies at the Nairobi Securities Exchange in Kenya, Research Journal of Finance and Accounting, Vol. 4, no. 15, pp. 99-104.
  30. Onaolapo, A., Kajola, S., (2010), Capital Structure and Firm Performance: Evidence from Nigeria, European Journal of Economics, Finance and Administrative Sciences, No. 25, pp. 70-82.
  31. Radhika, R., Satuluri, R.K., (2019), Impact of Operating Expenses on Life Insurance Profitability in India, International Journal of Human Resource Management and Research, Vol. 9, no. 1, pp. 53-60.
  32. Salvatore, D. (1998): International Economics, Sixth Edition, Prentice-Hall.
  33. Scherer, F. M., Ross, D. (1990): Industrial Market Structure and Economic Performance, 3rd ed., Boston Houghton-Mifflin.
  34. Shaik, S., Allen, A.J., Edwards, S., Haris, J., (2009), Market Structure Conduct Performance Hypothesis Revisited Using Stochastic Frontier Efficiency Analysis, Journal of the Transportation Research Forum, Vol. 48, no. 3, pp. 5-18.
  35. Shepherd, W. (1979): The Economics of Industrial Organization, Prentice-Hall, England Cliffs.
  36. Shepherd, W., Wilcox, C. (1979): Public Policies toward Business, 6th edition, Richard D. Irwin, Inc.
  37. Sinansari, P., Priyarsono, D.S., Suprayitno, G., (2017), Analysis of Indonesia Banking Structure, International Journal of Science and Research, Vol. 6, no. 7, pp. 809-812.
  38. Sukpaiboonwat, S., Piputsitee, C., Punyasavatsut, A., (2014), Measuring the Degree of Market Concentration in Thailand Insurance Industry, Asian Social Science, Vol. 10, no. 4, pp. 214-232.
  39. Susilo, D., Wahyudi, S., Pangestuti, I.R.D., (2020), Profitability Determinants of Manufacturing Firms in Indonesia, International Journal of Economics and Business Administration, Vol. 8, no. 2, pp. 53-64.
  40. Tucker, B. (2010): Survey of Economics, 7th edition, Cengage South-Western.
  41. Ullah, S., (2020), Role of Corporate Governance in Bank’s Efficiency in Pakistan, Studies in Business and Economics, Vol. 15, no. 1, pp. 243-258.
  42. US Department of Justice and the Federal Trade Commission, (2010), Horizontal Merger Guidelines. http://www.justice.gOv/atr/public/guidelines/hmg-2010.html#5b
  43. Van Hoose, D. (2010): The Industrial Organization of Banking: Bank Behavior, Market Structure, and Regulation, Springer, Berlin.10.1007/978-3-642-02821-2
  44. Web (source of data):
  45. www.idx.co.id
  46. www.ojk.go.id
DOI: https://doi.org/10.2478/sbe-2021-0003 | Journal eISSN: 2344-5416 | Journal ISSN: 1842-4120
Language: English
Page range: 26 - 41
Published on: May 26, 2021
In partnership with: Paradigm Publishing Services
Publication frequency: 3 issues per year

© 2021 Arintoko, Abdul Aziz Ahmad, Siti Nur Habibah, published by Lucian Blaga University of Sibiu
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.