I METADATI DI QUESTO DOI SONO STATI AGGIORNATI IL: 2022-01-17 01:37
Titolo completo (Inglese)
Academicus International Scientific Journal
Editore
Academicus International Scientific Journal
ISSN
20793715 (Rivista Stampata)
23091088 (Rivista Online)
Numero del volume
25
Data del fascicolo (YYYY/MM)
2022/01
Titolo completo (Inglese)
Factors Affecting Profitability of Insurance Companies. Evidence from Kosovo
Di (autore)
Affiliazione
Central Bank of the Republic of Kosovo, PhD Candidate
ORCID
https://orcid.org/0000-0003-3000-9703
Affiliazione
University of Tetovo, Northern Macedonia, Prof.Dr.
ORCID
https://orcid.org/0000-0002-0516-208X
Numero di Pagine
21
Prima Pagina
122
Ultima Pagina
142
Lingua del testo
Inglese
Data di publicazione
2022/01
Copyright
2022 Academicus
Descrizione principale
Profitability expresses the ability to make a profit from all the business activities of the company. It shows how efficiently management generates profit by utilizing all available resources. This paper examined the effects of specific company factors, namely independent variables such as: liquidity, company size, company age, tangible asset, leverage, company capital and growth of com-pany, on profitability represented by return on assets (ROA) and net profit margin (NPM) as a dependent variable. The sample in this study includes eleven insurance companies for the period 2015 - 2020. The regression results indicate that size, leverage and age of company, have significant effects on the ROA. Meanwhile in NPM of insurance companies in Kosovo size of company and firm growth have significant effects.
Citazione non strutturata
Aca A.I.,MusaF.,Garba M.(2020),Audit quality and firm value of listed insurance companies in Nigeria, GSJ: Volume 8, Issue 7, July 2020 ISSN 2320-9186
Citazione non strutturata
Adams, M., & Buckle, M. (2000). The Determinants of Operational Performance in Bermuda Insurance Market. Applied Financial
Economics, 13, 133-43.
https://doi.org/10.1080/09603100210105030
Citazione non strutturata
Adeyemi, S. B., & Fagbemi, T. O. (2010). Audit Quality, Corporate Governance and Firm Characteristics in Nigeria. International
Journal of Business and Management, 5, 169-179.
https://doi.org/10.5539/ijbm.v5n5p169
Citazione non strutturata
Ado A.M.B., Rashid N., Mustapha U.A., Ademola L.S. (2020), The impact of audit quality on the financial perfor-mance of listed
companies Nigeria, Journal of Critical Reviews ISSN- 2394-5125 Vol 7, Issue 9,
https://doi.org/10.31838/jcr.07.09.07
Citazione non strutturata
Afza, T. &Nazir,M. S. (2014). Audit Quality and Firm Value: A Case of Pakistan, Research Journal of Applied Sciences, Engineering
and Technology 7(9):1803- 1810,
https://doi.org/10.19026/rjaset.7.465
Citazione non strutturata
Alhassan A.L., Biekpe N. (2016), Determinants of life insurance consumption in Africa, Research in International Business
and Finance, Volume 37, Pages 17-27
https://doi.org/10.1016/j.ribaf.2015.10.016
Citazione non strutturata
Amahalu N.M. & Obi J.Ch. (2020), Effect of audit quality on financial performance of quoted conglomerates in Nigeria, International Journal of Management Studies and Social Science Research 87, www.ijmsssr.org
Citazione non strutturata
Amato, L., & Wilder, R. (1985). The Effects of Firm Size on Profit Rates in U.S. Manufacturing, Southern Economic Journal,
52(1), 181-190.
https://doi.org/10.2307/1058913
Citazione non strutturata
Amer M., Aiman R., and Shehata E.Sh. (2014). Audit committee characteristics and firm performance: Evidence from Egyptian listed companies. 6th Annual American Business Research Conference, New York, NY, USA, June 9–10.
Citazione non strutturata
Aminul, Amin, Niki Lukviarman, Djoko Suhardjanto, and Erna Setiany. 2018. Audit committee characteristics and audit–earnings quality: Empirical evidence of the company with concentrated ownership. Review of Integrative Business and Economics Research 7: 18–33.
Citazione non strutturata
Anil, G. (2016). Relationship between Audit Quality and Corporate Governance: An Empirical Research in Borsa Istanbul. Journal of Business and Management, 18(11), 84–88.
Citazione non strutturata
Athanasoglou, P. P., Brissimis, S. N., & Delis, M. D. (2008). Bank-specific, industry-specific and macroeconomic determinants
of bank profitability. Journal of international financial Markets, 18(2), 121-136.
https://doi.org/10.1016/j.intfin.2006.07.001
Citazione non strutturata
Beard, D.W., & Dess, G.C. (1981). Corporate –Level Strategy, Business- Level Strategy and Firm Performance, Academy of Management
Journal, 67(4), 78- 99.
https://doi.org/10.2307/256169
Citazione non strutturata
Bilal, Songsheng Chen, and Bushra Komal. 2018. Audit committee financial expertise and earnings quality: A meta–analysis.
Journal of Business Research 84: 253–70.
https://doi.org/10.1016/j.jbusres.2017.11.048
Citazione non strutturata
Bodie, Z., Kane, A., & Marcus, A.J. (2013). Investments (10th ed.). New York: McGraw-Hill.
Citazione non strutturata
Bogale A. (2016), Determinants of External Audit Quality: Evidence from Manufacturing Share Companies in Addis Ababa, Ethiopia, AAU Institutional Repository, Addis Ababa University
Citazione non strutturata
Bouaziz, Z., &Triki, M. (2012).The impact of the presence of audit committees on the financial performance of Tunisian companies. International Journal of Management & Business studies, 2(4).
Citazione non strutturata
Browne, R., Janney, J., Paul. K., Muralidhar, K., & Ruff, B. (2001). An Empirical Investigation of the Stakeholder Theory
Perspective, Journal of Business Ethics, 32 (2), 143-156.
https://doi.org/10.1023/A:1010786912118
Citazione non strutturata
Canh, N. P., Wongchoti, U., & Thanh, S. D. (2020). Does economic policy uncertainty matter for insurance develop-ment? Evidence
from 16 OECD countries. The Geneva Papers on Risk and Insurance-Issues and Practice, (in press) 1–35. https://doi:
https://doi.org/10.1057/s41288-020-00192-5
Citazione non strutturata
Carp M., Istrate C. (2021), Audit Quality under Influences of Audit Firm and Auditee Characteristics: Evidence from the Romanian
Regulated Market, Sustainability, MDPI, Open Access Journal, vol. 13(12), pages 1-16, June.
https://doi.org/10.3390/su13126924
Citazione non strutturata
Charumathi, B. (2012). On the Determinants of Profitability of Indian Life Insurers – An Empirical Study. Proceedings of the World Congress on Engineering, 1, 978-88.
Citazione non strutturata
Chen, R., & Wong, K. A. (2004). The determinants of financial health of Asian insurance companies. Journal of risk and insurance,
71(3), 469-499.
https://doi.org/10.1111/j.0022-4367.2004.00099.x
Citazione non strutturata
Cheng, Y.S., Chen, Y.S., & Chen, Y.C. (2018). Direct and mediating effects of auditor quality on auditor size and performance.
International Business Research, 6(11), 134-148.
https://doi.org/10.5539/ibr.v6n11p134
Citazione non strutturata
Cohen, A., & Sayag, G. (2010). The effectiveness of internal auditing: An empirical examination of its determinants in Israeli
organisations. Australian Accounting Review, 20(54), 296–307.
https://doi.org/10.1111/j.1835-2561.2010.00092.x
Citazione non strutturata
Collier, P., & Gregory A. (1996), Audit committee effectiveness and the audit fee, The european accounting review, 5, 177-198.
https://doi.org/10.1080/09638189600000012
Citazione non strutturata
Collins, D. W., Pungaliya, R. S., & Vijh, A. M. (2017). The effects of firm growth and model specification choices on tests
of earnings management in quarterly settings. Accounting Review, 92(2), 69–100.
https://doi.org/10.2308/accr-51551
Citazione non strutturata
Cummins, D., Cragg, M., Zhou, B., & de Fonseka, J. (2018). The social and economic contributions of the life insurance industry. Boston: The Brattle Group.
Citazione non strutturata
Davidson, R., Goodwin-Stewart, J., Kent, P. (2005), Internal Governance Structures and Earnings Management. Accounting and
Finance, 45, 241-267.
https://doi.org/10.1111/j.1467-629x.2004.00132.x
Citazione non strutturata
DeAngelo L.E. (1981), Auditor size and audit quality, Journal of accounting and economics 3, 183-199. NorthHolland Publishing
Company, USA
https://doi.org/10.1016/0165-4101(81)90002-1
Citazione non strutturata
Farouk M.D., Hassan Sh.U. (2014), Impact of Audit Quality and Financial Performance of Quoted Cement Firms in Nigeria, International Journal of Accounting and Taxation, Vol. 2, No. 2, pp. 01-22, Published by American Research Institute for Policy Development.
Citazione non strutturata
Goodwin, J. (2003). The relationship between the audit committee and the internal audit function: Evidence from Australia
and New Zealand. International Journal of Auditing 7(3): 263-278.
https://doi.org/10.1046/j.1099-1123.2003.00074.x
Citazione non strutturata
Goodwin, J. ,Yeo, T. Y. (2001).Two Factors Affecting Internal Audit Independence and Objectivity: Evidence from Singapore.
International Journal of Auditing 5(2), 107-125.
https://doi.org/10.1111/j.1099-1123.2001.00329.x
Citazione non strutturata
Hafiz Malik, (2011) Determinants of Insurance Companies Profitability: An Analysis of Insurance Sector Of Pakistan, Academic Research International, Volume 1, Issue 3.
Citazione non strutturata
Hasan M.K. (2015), Corporate governance, audit committee and the internet reporting of strategic information by UAE non-financial listed firms Accounting and Management Information Systems Vol. 14, No. 3, pp. 508-545, 2015
Citazione non strutturata
Heil, D. (2012). The influence of the auditor on the earnings quality of their clients. Department of Accounting, Auditing and Control, Erasmus University, Rotterdam.
Citazione non strutturata
Huang, K., Lao, B., & McPhee, G. (2017), Does Stock Liquidity Affect Accrual- based Earnings Management? Journal of Business
Finance and Accounting, 44(3–4), 417–447.
https://doi.org/10.1111/jbfa.12236
Citazione non strutturata
Hutchinson M., Zain M.M. (2009), Internal Audit Quality, Audit Committee Independence, Growth Opportunities and Firm Performance,
QUT Digital Repository: http://eprints.qut.edu.au/
https://doi.org/10.22495/cocv7i2p4
Citazione non strutturata
Ike C., Salama I., Ngbede P. (2020), Effect of Audit Quality on Performance of Money Deposit Banks in Nigeria, International Journal of Research in Management & Business Studies, Vol. 7, Issue 1.
Citazione non strutturata
Ikonić D., Arsić N. and Milošević S., (2011), Growth Potential and Profitability Analysis of Insurance Companies in the Republic
of Serbia, Chinese Business Review, 10 (11), 998-1008.
https://doi.org/10.17265/1537-1506/2011.11.005
Citazione non strutturata
Jensen M.C. (1986), Agency costs of free cash flow, corporate finance, and takeovers. The American Economic Review 76 (1986) 323-329.
Citazione non strutturata
Kaguri, A. W. (2013). Relationship between firm characteristics and financial performance of life insurance companies in Kenya. Unpublished M. Sc. Thesis, University of Nairobi, Kenya.
Citazione non strutturata
Kamau, J.N. (2010). The Relationship between Capital Structure and Financial Performance of Insurance Companies in Kenya. Unpublished MBA Project, University of Nairobi.
Citazione non strutturata
Klapper, L. F., & Love, I. (2004). Corporate governance, investor protection, and performance in emerging markets. Journal
of corporate Finance, 10(5), 703- 728.
https://doi.org/10.1016/S0929-1199(03)00046-4
Citazione non strutturata
Krishnan J., Schauer P.C. (2000), The Differentiation of Quality Among Auditors: Evidence From the Not-For-Profit Sector.
Auditing A Journal of Practice & Theory 19(2):9-25
https://doi.org/10.2308/aud.2000.19.2.9
Citazione non strutturata
Liargovas,P.,&Skandalis,K.(2008).Factoraffectingfirmsfinancialperformance, The Case of Greece, University of Peloponnese.
Citazione non strutturata
Lidya, Primta Surbakti, Hasnah Binti Shaari, and Hasan Mohammed Ahmed Bamahros. 2017. Effect of audit committee expertise
and meeting on earnings quality in Indonesian listed companies: A conceptual approach. Journal of Accounting and Finance in
Emerging Economies 3: 47–54.
https://doi.org/10.26710/jafee.v3i1.97
Citazione non strutturata
Lukic, Radojko; Sokic, Miro; Kljenak, Dragana Vojteski (2018): Analysis of insurance companie’s efficiency in the Republic
of Serbia, Economic and Environmental Studies (E&ES), ISSN 2081-8319, Opole University, Faculty of Economics, Opole, Vol.
18, Iss. 1, pp. 249-264, http://dx.doi.org/10.25167/ ees.2018.45.14
https://doi.org/10.25167/ees.2018.45.14
Citazione non strutturata
Matoke V.N., Omwenga J. (2016), Audit Quality and Financial Performance of Companies Listed in Nairobi Securities Exchange, International Journal of Scientific and Research Publications, Volume 6, Issue 11
Citazione non strutturata
Miettinen M. P. (2011). Factors Contributing to the Success of Start-Up Firms Using Two-Point or Multiple-Point Scale Models.
Entrepreneurship Research Journal, 3(4), 449– 481Online @
https://doi.org/10.1515/erj-2012-0012
Citazione non strutturata
Mohammed, A. M., Joshua, O., & Ahmed, M. N. (2018). Audit fees and audit quality: A study of listed companies in the downstream
Sector of Nigerian petroleum industry. Humanities and Social Sciences Letters, 6(2), 59–73.
https://doi.org/10.18488/journal. 73.2018.62.59.73
https://doi.org/10.18488/journal.73.2018.62.59.73
Citazione non strutturata
Mohd M.R., Takiah I., Norman M.S. (2009), Audit committee characteristics in financially distressed and non-dist-ressed companies,
Managerial Auditing Journal 24(August):624-638
https://doi.org/10.1108/02686900910975350
Citazione non strutturata
Monametsi G.L., Ester A (2020), Audit Quality and Firm Performance: Evidence from Botswana and Uganda, Journal of Accounting,
Finance and Auditing Studies; Yalova Vol. 6, Iss. 4,
https://doi.org/10.32602/jafas.2020.029
Citazione non strutturata
Moses, Temple, C. O. Ofurum, and Solomon Egbe. 2016. Audit committee characteristics and quality of financial reporting in quoted Nigerian banks. International Journal of Advanced Academic Research 2: 1–10.
Citazione non strutturata
Mustafaj, I. (2011). Insurance Contract, Just Compensation as Result of Insurance. Academicus International Scientific Journal,
2(03), 175-185.
https://doi.org/10.7336/academicus.2011.03.13
Citazione non strutturata
Ogbodo, O. C. & Akabuogu, N. J. (2018). Effect of Audit Quality on the Financial Performance of Selected Banks in Nigeria.
International Journal of Trend in Scientific Research and Development (IJTSRD) 3 (1)
https://doi.org/10.31142/ijtsrd18961
Citazione non strutturata
Okaro et al. (2015), The Effect of Joint Audit on Audit quality- The Perceptions of Accountants, Auditors and Accounting Academics at AAFA 2015 conference in Mauritius, Conference: African Accounting and Finance Association 2015 Conference, Mauritius
Citazione non strutturata
Omar A.M.M. and Frederick A.J. (2018), International Journal of Science and Research, International Journal of Science and Research (IJSR) ISSN: 2319-7064
Citazione non strutturata
Prawitt, D.F., Smith, J., Wood, D.A. (2009). Internal audit quality and earnings management. Account. Rev. 84 (4), 1255–1280.
https://doi.org/10.2308/accr.2009.84.4.1255
Citazione non strutturata
Rahman, R. A. and Ali F.H.M.(2006). Board, audit committee, culture and earnings management: Malaysian evidence. Managerial
Auditing Journal 21: 783–804.
https://doi.org/10.1108/02686900610680549
Citazione non strutturata
Sambasivam, Y., & Ayele, A. G. (2013). A study on the performance of insurance companies in Ethiopia. International Journal of Marketing, Financial Services & Management Research, 2(7), 138-150.
Citazione non strutturata
Sayyar, H., Basiruddin, R., Abdul-Rasid, S.Z., & Elhabib, M.A. (2018).The effect of audit quality on firm performance: Evidence from Malaysia. European Accounting Review. 16(4),72-88.
Citazione non strutturata
Scarbrough,P.,Rama,D.,Raghunandan,K.(1998).Auditcommitteecomposition and interaction with internal auditing: Canadian evidence. Accounting Horizons, 12(1), 51-62.
Citazione non strutturata
Siagian, F., Siregar, S .V.,& Rahadian, Y .(2013). Corporategovernance, reporting quality, and firm value: evidence from Indonesia.
Journal of accounting in emerging economies.
https://doi.org/10.1108/20440831311287673
Citazione non strutturata
Sim, Chia Hua and Daw, Tin Hla and Abu Hassan, Md Isa (2016) Malaysia Financial Reporting Practices and Audit Quality Promote
Financial Success: The Case of Malaysian Construction sector. UNIMAS Review of Accounting and Finance, 1 (1). ISSN ISBN 978-1-85449-733-8
https://doi.org/10.33736/uraf.290.2016
Citazione non strutturata
Subrahmanyam, A., & Titman, S. (2001). Impact of Liquidity and Profitability of Insurance Companies in Ghana, Journal of Finance,
56, 239-241.
https://doi.org/10.1111/0022-1082.00409
Citazione non strutturata
Tom, A., & Ying, Z. (2018). The Effect of Audit Quality on a Firm’s Internal Information Environment: Evidence from Group Audits
Citazione non strutturata
Türeletal.(2017),AuditFirmTenureandAuditQualityImpliedbyDiscretionary -Accruals and Modified Opinions: Evidence from Turkey, Acta Universitatis Danubius, OEconimica, Vol.13, Issue 1, 187-196
Citazione non strutturata
Ugwunta et al (2018), Effect of audit quality on market price of firms listed on the Nigerian stock market, Journal of Accounting
and Taxation, Vol. 10(6), pp. 61-70,
https://doi.org/10.5897/JAT2018.0293
Citazione non strutturata
Wijaya (2020). The Effect of Audit Quality on Firm Value: A Case in Indonesian Manufacturing Firm Journal of Accounting, Finance
and Auditing Studies.
https://doi.org/10.32602/jafas.2020.001
Citazione non strutturata
Yasuda, H. (2005). Firm’s Growth and Finance Strategy, Journal of Finance, 27(1), 30-45.
Citazione non strutturata
Yi-Fang Yang et al. (2015), Service quality, size, and performance of audit firms: consideration of market segments and business strategies, International Journal of Business and Finance Research Vol. 9, No. 4, 2015, pp. 51-66 ISSN: 1931-0269.
Citazione non strutturata
Yuqi Li (2007) Determinants of Banks’ Profitability and Its Implication on Risk Management Practices: Panel Evidence from the UK, the University of Nottingham.
Citazione non strutturata
Zalata, A.M., Tauringana V. and Tingbani I. (2018). Audit committee financial expertise, gender, and earnings management:
Does gender of the financial expert matter? International Review of Financial Analysis 55: 170–83.
https://doi.org/10.1016/j.irfa.2017.11.002
Citazione non strutturata
Zureigat Q.M (2010), The Effect of Ownership Structure on Audit Quality: Evidence from Jordan, International Journal of Business and Social Science Vol. 2 No. 10