我国寿险公司绩效影响因素实证研究

Factors Influencing the Performance of Life Insurance Corporations in China

以我国32家寿险公司1999-2006年的资产负债表和损益表为基础,本文运用主成分分析法得到了各个公司的绩效评分,以绩效评分为被解释变量,运用随机效应模型分析发现费用率、赔付率、投资资产比例和保费收入增长率对寿险公司绩效有显著影响,而人力资本、保险公司规模和公司是否为中资公司对寿险公司绩效影响不显著。

Based on the balance sheets and profit and loss sheets of 32 life insurance corporations in China,we get the performance score for every life insurance corporation using principal component analysis,which is the explained variable for the random effect model.The research shows that expenditure ratio,loss ratio,the ratio of investment asset to total asset,and premium growth rate have significant effect on the performance of life insurance corporations in China,while human capital,corporation scale,and whether the owner of the corporation is Chinese capital do not have significant effect on the performance of life insurance corporations.