保险业增长与盈利之间存在动态关系吗

发布时间：2018-11-21 07:05

【摘要】：保险业的增长和盈利是保险产业"做大""做强"的重要基础。但是,在保险业三十多年发展历程中,很少有公司能同时满足增长和盈利的双重目标。过去的研究曾分别关注过保险公司的增长和盈利主题,但极少有研究同时把两者放在一个框架下考虑。本文采用动态面板分析的方法,在Goddard et al.(2004.)的基础上构建了一个统一的模型,研究我国保险业的成长性和盈利性以及二者的相互关系。研究发现,无论寿险业还是产险业均不符合Gibrat法则,小公司成长速度更快;保险公司具有盈利持续性;盈利性越差的公司,增长速度越快。这一研究结果有力支持了保险业仍处于偏重规模增长的初级阶段的判断,全行业有待从规模增长导向转型到盈利性增长的战略路径上来。
[Abstract]:The growth and profit of insurance industry is the important foundation of insurance industry. However, in the development of insurance industry for more than 30 years, few companies can meet the dual goals of growth and profit simultaneously. Previous studies have focused on the growth and earnings themes of insurance companies, but few have considered both in one frame. In this paper, the method of dynamic panel analysis is used in Goddard et al. (2004. In this paper, a unified model is constructed to study the growth and profitability of the insurance industry in China and the relationship between the two. The study found that neither the life insurance industry nor the property insurance industry is in line with the Gibrat rule, with smaller companies growing faster; insurance companies with profitability sustained; and companies with poorer profitability growing faster. The results of this study strongly support the judgment that the insurance industry is still in the initial stage of focusing on scale growth, and the whole industry needs to be transformed from the scale growth orientation to the profitable growth strategy path.
【作者单位】：深圳大学经济学院;上海财经大学金融学院;
【基金】：国家社科基金项目“保险体系的脆弱性评估及其宏观审慎监管研究(12CJY118)” 国家自科基金项目“财产险公司保费增长与承保风险关系研究(71103117)” 教育部人文社科青年基金项目“资本监管与市场竞争联合作用对产险公司风险承担行为的影响”(10YJC790391)的资助
【分类号】：F842;F840.4

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