Diversification and Performance: Evidence from China Property Insurance Industry
This paper investigates the relationship between diversification and firm performance in China property insurance industry using data over the period 1999-2005. Our empirical analyses show that there is an inverse U-shaped relationship between product diversification and firm performance. Geographic diversification has a positive effect on firm performance. We find that there is an interaction relationship between product diversification and geographic diversification and it has a negative effect on firm performance. The finding suggests property insurers should try to seek for an optimal balance between product diversification and geographic diversification. Results also show that firm size and group status are positively related to financial performance.
property insurance diversification performance
XU Li
School of Economics, Xiamen University, P.R.China, 361005
国际会议
The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)
天津
英文
1655-1661
2009-09-01（万方平台首次上网日期，不代表论文的发表时间）