Work

Board of directors and profitability ratio of Thai non-life insurers

Year: 2017

Type: article

Abstract: The aim of this paper was to investigate the impact of board of directors' characteristics on the profitability ratio of Thai public non-life insurers. A Hausman test was employed on the selection between fixed and random effects in our panel data for a sample of 208 firm-years from 2000 to 2012. Return on total assets (ROA), return on equity (ROE), and return on net written premiums (RNP) were used as proxies for the profitability ratio. The findings of our analyses revealed positively related and statistically significant results between board size and the profitability ratio. On the contrary, board meeting frequency was negatively related and statistically significant with ROA and RNP. In addition, firm size was negatively related and statistically significant with the profitability ratio.

Source: Kasetsart Journal of Social Sciences

DOI: 10.1016/j.kjss.2017.11.005

Authors: Pongpitch Petchsakulwong, Naratip Jansakul

Institution: Prince of Songkla University

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: diamond

Funder: Prince of Songkla University