The Impact of Corporate Governance on the Efficiency Performance of the Thai Non-Life Insurance Industry

Hsu, Wen-Yen; Petchsakulwong, Pongpitch

doi:10.1057/gpp.2010.30

Cited by 75 publications

(86 citation statements)

References 31 publications

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“…This is consistent with Evans et al, (2002) and Hsu and Petchsakulwong's (2010) findings that revealed that board of directors often increase the frequency of its meetings in order to find solutions to problems concerning declining firm performance. Furthermore, Vafeas (2000) stated that frequency of board meetings is a significant activity because as the board meetings increase in frequency, the more the firm will improve its operating performance.…”

Section: Board Meeting and Firm Performancesupporting

confidence: 92%

“…The board effectiveness depends on the frequency of its meetings as this can enhance the performance of the firm given the fact that the board is provided with more opportunity of monitoring and reviewing the performance of management (Hsu & Petchsakulwong, 2010). This is consistent with Evans et al, (2002) and Hsu and Petchsakulwong's (2010) findings that revealed that board of directors often increase the frequency of its meetings in order to find solutions to problems concerning declining firm performance.…”

Section: Board Meeting and Firm Performancesupporting

confidence: 79%

“…Several studies have generally reported a positive effect of board composition upon performance in developed countries like Nanka-Bruce (2011), O`Connell and Cramer (2010), Saibaba and Ansari (2011) and Shan and McIver (2011). Also, many researchers in the developing countries have been getting a positive relationship between the board independence and firm performance (Hasnah, 2009;Hsu & Petchsakulwong, 2010;Kang & Kim, 2011;Khan et al, 2011;Ll et al, 2012;Nuryanah & Islam, 2011;Obiyo & Lenee, 2011;Swamy, 2011;Uadiale, 2010;Yasser et al, 2011).…”

Section: Board Composition and Firm Performancementioning

confidence: 99%

“…Owing to the significance of the board effectiveness to the firm performance, variation studies were carried out to examine this relationship in the context of developed countries. The association between board meetings and performance of the firm was reported to be positive in such context (Khanchel, 2007;Lin, Ma and Su, 2002) (Khanchel, 2007;Lin, Ma & Su, 2002) and in the developing states such as, Hasnah (2009), Hsu andPetchsakulwong (2010), Kang and Kim (2011) and Khan and Javid (2011). While some studies have confirmed the negative effect of the board meeting on firm performance in both developed such as García-Sánchez (2010) and Qinghua et al (2007) and developing countries (Hasnah, 2009;Mohd, 2011).…”

Section: Board Meeting and Firm Performancementioning

confidence: 99%

“…10, No. 11; committee members (Bauer et al, 2009;Hsu & Petchsakulwong, 2010;Nuryana & Islam, 2011;Obiyo & Lenee, 2011).…”

Section: Audit Committee Size and Firm Performancementioning

confidence: 99%

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The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

Al-Matar¹,

Al‐Swidi²,

Fadzil³

2014

ASS

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This study is an attempt to achieve the main objective by examining the association between the board of director's characteristics, audit committee characteristics and the executive committee characteristics and the performance of the Oman companies. This study used many assumptions to test the relationship between independent variables and dependent variable as discussed in the section explaining the study method. The data comprised of 162 non-financial companies because financial and non-financial companies employ different methods and they have different structures. As this study attempts to bridge the gap in the existing literature by investigating the association between corporate governance mechanisms and firm performance in the emerging market of Oman, it focuses on adding new important variables of corporate governance mechanisms like board change, the role of secretary on the board, the legal counsel and the executive committee characteristics that improve firm performance.The findings indicated a significantly positive relationship between board size, board meeting, audit committee independence and executive committee independence, and the Tobin`s Q. On the other hand, board independence and legal counsel are significantly and negatively related to Tobin`s Q. Moreover, a positive but insignificant relationship is found between CEO tenure, CEO compensation, audit committee size, and the firm performance (Tobin`s Q). Furthermore, board change, the role of the secretary on the board, audit committee meeting, executive committee size and executive committee meeting are revealed to have a negative but insignificant association with firm performance (Tobin`s Q). Finally, this study provides recommendations for future research.

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Section: Board Meeting and Firm Performancesupporting

confidence: 92%

Section: Board Meeting and Firm Performancesupporting

confidence: 79%

Section: Board Composition and Firm Performancementioning

confidence: 99%

Section: Board Meeting and Firm Performancementioning

confidence: 99%

“…10, No. 11; committee members (Bauer et al, 2009;Hsu & Petchsakulwong, 2010;Nuryana & Islam, 2011;Obiyo & Lenee, 2011).…”

Section: Audit Committee Size and Firm Performancementioning

confidence: 99%

See 3 more Smart Citations

The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

Al-Matar¹,

Al‐Swidi²,

Fadzil³

2014

ASS

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Determinants of insurance companies' environmental, social, and governance awareness

Brogi

Cappiello

Lagasio

et al. 2022

Corp Soc Responsibility Env

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Environmental, social, and governance (ESG) criteria are increasingly important in all fields of economics. However, despite increasing interest from policy makers and financial regulators, literature relating to the insurance industry is still scarce. This paper aims to fill this gap by exploring the interaction between a set of financial ratios and environmental social governance scores of 107 large, listed US insurance companies for the period 2010-2018 for the purpose of identifying the determinants of ESG awareness. Larger, more profitable, and more solvent insurance companies show the highest level of ESG awareness. Our model contributes to shed light on the unfolding of ESG practices in the insurance industry.

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Technology Gaps and Capacity Issues in African Insurance Companies: Selected Country Evidence

Barros¹

2015

J of Intl Development

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This paper describes a variety of approaches used to assess the efficiency of a sample of major insurance companies in Angola and Mozambique between 2003 and 2012. Several data envelopment analysis estimates were generated using bootstrap technique, as this allowed the use of confidence intervals and the correction of a biased perception noted in the core estimates, in order to test the significant differences identified in efficiency levels and the input‐decreasing/output‐increasing potentials in the meta‐frontier analysis in both countries. Findings indicate that there seems to be a scarcity of opportunities to accommodate future demands, pinpointing that the technological gap ratio of the meta‐frontier is negligible. Copyright © 2015 John Wiley & Sons, Ltd.

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The Impact of Corporate Governance on the Efficiency Performance of the Thai Non-Life Insurance Industry

Cited by 75 publications

References 31 publications

The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

The Effect of Board of Directors Characteristics, Audit Committee Characteristics and Executive Committee Characteristics on Firm Performance in Oman: An Empirical Study

Determinants of insurance companies' environmental, social, and governance awareness

Technology Gaps and Capacity Issues in African Insurance Companies: Selected Country Evidence

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