The market-structure performance relationship in the non-life insurance sector of the ASEAN 5 countries from 2008 to 2013

Date of Publication

2015

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Rene B. Betita

Defense Panel Chair

Ester Guerzon

Defense Panel Member

Michelle Brendy C. Ocampo Tan
Martin Temblique

Abstract/Summary

This study identifies the relationship between the market structure and market conduct variables and profitability. This also tests the applicability of the structure-conduct-performance hypothesis in the non-life insurance sector of the ASEAN 5 countries from the period 2008 to 2013. Using fixed effect panel data regression model to test data, the results show that there is a dynamic relationship between market liberalization, market concentration, and profitability. At low levels of liberalization, then market concentration and profitability will share a positive relationship this is in line with the assumptions of the SCP hypothesis. However, at higher levels of liberalization, this relationship weakens and is sometimes inversed depending on how high the levels of liberalization are, the SCP hypothesis may ultimately be rejected for freer and more concentrated markets.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21646

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

107, [30] leaves : illustrations (some color) ; 28 cm.

Keywords

Insurance--Southeast Asia

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