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Capital Structure of Non-life Insurance Firms in Japan
Applied Economics and Finance
View Archive Info| Field | Value | |
| Title |
Capital Structure of Non-life Insurance Firms in Japan
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| Creator |
Okura, Mahito
Yamaguchi, Satoru |
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| Description |
This research investigates the debt to equity ratio (D/E ratio) in non-life insurance firms in Japan through empirical analysis and offers several main findings. First, the solvency margin ratio has a negative effect on the D/E ratio. Second, neither the Return on Equity (ROE) nor the combined ratio has an impact on the D/E ratio. Third, the expense ratio has a positive effect on the D/E ratio, while the loss ratio does not. The second and third results imply that the expense ratio is the most suitable index for measuring profitability in Japan’s non-life insurance firms when the D/E ratio is being considered.
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| Publisher |
Redfame Publishing
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| Contributor |
—
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| Date |
2016-03-31
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
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| Format |
application/pdf
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| Identifier |
http://redfame.com/journal/index.php/aef/article/view/1508
10.11114/aef.v3i3.1508 |
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| Source |
Applied Economics and Finance; Vol 3, No 3 (2016); 45-49
2332-7308 2332-7294 |
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| Language |
eng
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| Relation |
http://redfame.com/journal/index.php/aef/article/view/1508/1527
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