KAYA, Emine Öner Gazi Üniversitesi - Bankacilik ve Sigortacilik Yüksekokulu - Bankacilik Bölümü, Turkey , KAYA, Bekir Gazi Üniversitesi - Polatli Sosyal Bilimler Meslek Yüksekokulu - Muhasebe ve Vergi Bölümü, Turkey

FIRM-SPECIFIC FACTORS DETERMINING THE FINANCIAL PERFORMANCE OF LIFE INSURANCE COMPANIES IN TURKEY: A PANEL DATA ANALYSİS

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In order to determine the firm-specific factors affecting financial performance and the relationship between these factors and the performance, a panel data set of 102 observations were obtained for the sample of 17 life insurance companies operating in Turkey for the period 2008–2013. In this study, financial performance of insurance companies was measured by return on assets (ROA). As a result of the research, it has been identified that age of company and gross written premiums have a significant and positive effect on return on assets. However, size of company, current ratio, and insurance leverage ratio have a significant and negative impact on return on assets.

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Firm Specific Factors , Financial Performance , Life Insurance Companies , Turkey , Panel Data Analysis

Journal Of Financial Researches an‎d Studies

111