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The Market Structure-performance Relationship In The International Insurance Sector

机译:国际保险业的市场结构与绩效关系

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摘要

This article tests the applicability of the structure-conduct-performance (SCP) hypothesis in the international nonlife insurance marketplace. We employ a panel data regression methodology that includes 23 nations (developed and developing countries) over the time period of 1996 to 2003. The results reveal that the interaction of market liberalization and market concentration shares a complex relationship with market profitability. Our results show that the expectations associated with the SCP hypothesis are supported when the levels of liberalization are low. However, for markets that are highly liberalized the presence of foreign insurers significantly alters the dynamics of nonlife insurance markets.
机译:本文测试了结构行为绩效(SCP)假设在国际非寿险市场中的适用性。我们采用的面板数据回归方法包括1996年至2003年期间的23个国家(发达国家和发展中国家)。结果显示,市场自由化和市场集中度的相互作用与市场获利能力有着复杂的关系。我们的结果表明,当自由化水平较低时,与SCP假设相关的期望得到支持。但是,对于高度开放的市场,外国保险公司的存在大大改变了非寿险市场的动态。

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