CAJ | 학술논문

本文以我国34家主要财产保险公司2006-2012年面板数据进行实证分析，研究发现：保险公司产品多元化经营受到追求盈利、扩张规模、分散风险、内部资本配置、公司治理等方面因素的影响。总体上，多元化经营主要受盈利驱动，但随着经营时间的延长，规模扩张的影响在增强。具体的，险种的赔付率、产业集中度、市场规模、业务增速等特征，以及公司的资产收益率、区域多元化、自担风险能力、中外资公司、集团公司、国有公司等因素的影响具有显著性。
본문이아국34가주요재산보험공사2006-2012년면판수거진행실증분석，연구발현：보험공사산품다원화경영수도추구영리、확장규모、분산풍험、내부자본배치、공사치리등방면인소적영향。총체상，다원화경영주요수영리구동，단수착경영시간적연장，규모확장적영향재증강。구체적，험충적배부솔、산업집중도、시장규모、업무증속등특정，이급공사적자산수익솔、구역다원화、자담풍험능력、중외자공사、집단공사、국유공사등인소적영향구유현저성。
With the 2006-2012 panel data of 34 major property insurance companies , this paper analyzes the influence factors of business diversification .The results show that the diversification degree of insurance companies is influenced by such factors as profit pursuit, scale expansion, risk diversification, capital allocation, and management control.Generally, ROA rather than market share and business growth has a significant influence on degree of diversification .Specifically, features like loss ratio, industry concentration , relative size, and growth rate of the insurance business , and factors like regional diversifica-tion, funds investment rate, risk-handling capacity, foreign company, conglomeration, firm size, set up time, state-owned company, ownership concentration and others show significant impact on the diversification of insurance companies .