Depending on the growth and deepening of financial markets in today's conditions, the number of public companies has started to increase and thus the concept of company value has gained importance. A different chart of accounts is used in the reporting of the activities of insurance sector. Sector specific variables can be calculated from insurance sector financial reports. In today's financial markets, Tobin's Q (TBNQ) is used as the most important performance measure. In this study, the effect of sector specific variables and other firm variables which may affect the firm value and macroeconomic factors on the firm value in the insurance sector enrolled under Istanbul Stock Exchange has been studied. In the study, 71 units and time values from 8 insurance companies belonging to the period of 2006-2015 were used. As part of panel data analysis, the effects of insurance sector variables on the increase in premiums (PBM) and the premium collection rate (APRM_AKTIFT) were observed. It has also been determined that leverage ratio (KLD) and inflation rate (ENF) influence firm value (TBNQ).
Insurance Sector, Firm Value, Panel Data Analysis
|Author :||-Mustafa ÇEVİK - Zekai ŞENOL - Selahattin KOÇ|
|Number of pages:||24-36|