联系我们

论文查询结果	返回搜索

论文编号：	9364
作者编号：	2120152474
上传时间：	2017/6/20 19:52:20
中文题目：	保险公司治理对盈利能力影响的实证研究—基于中国保险行业样本的检验
英文题目：	Empirical Research on the Impact of Governance on the Profitability of Insurance Company: Based on China’s Insurance Industry Inspection
指导老师：	郝臣
中文关键字：	保险公司治理，公司治理指数，具体要素，盈利能力
英文关键字：	Insurance Corporate Governance,Governance Index,Specific Mechanism, Profitability
中文摘要：	自从1978年改革开放后，公司治理观念开始导入中国，公司治理的发展先后经历了观念导入、结构构建、机制建立和有效性提高四个阶段。作为公司治理体系的重要组成，保险公司治理也经历了从观念导入、制度建立到全面展开几个阶段。2006年，保险业“国十条”从公司治理建设及其监管方面提出明确方向和要求，保险公司制度建设与公司治理改革渐渐进入了“合规”建设新阶段。2011年保险业“十二五”规划和2014年保险服务业新“国十条”对保险公司治理及其监管作出了更加深入的要求。与外资企业对比，我国保险业在很长时间都是粗放发展，我国和外国保险企业的竞争将集中体现为盈利能力的角逐。所以本文从盈利能力角度关注保险公司治理水平，重点考察其治理水平的提升是否能够使公司盈利能力增长。本文选取了四个方面十个指标来衡量我国保险公司的盈利能力，从保险公司治理指数、治理不同层次、治理不同内容以及具体治理要素等方面出发，进行加权最小二乘回归分析。基于样本和方法用滞后一期和因子分析法进行稳健性检验，验证了公司治理对保险公司盈利能力的影响。实证分析结果表明，保险公司治理总指数与盈利能力无显著性关系，这说明我国保险公司治理整体有效性不足，公司治理还不足以显著影响盈利能力水平。从治理不同层次来说，保险公司自主合规指数、强制合规指数与盈利能力均无显著性关系，这表明保险公司治理合规指数在提高盈利能力水平方面未发挥积极影响；从治理不同内容来看，按公司形式对公司进行了分类，发现无论是股份制还是有限制保险公司，治理水平对盈利能力均没有显著的正向关系。在具体治理要素方面，董事成员人数、高管人数与保险公司盈利能力显著正相关。综上可以看出，保险公司治理现阶段有效性不足，整体上未发挥作用。其中董事成员人数和高管人数发挥了正向作用。最后本文从董事会优化、经理层优化和信息披露制度方面提出了建议，希望能为保险公司治理有效性的提高做出贡献。
英文摘要：	Since the reform and opening to the outside world in 1978, the concept of corporate governance began to be introduced into China. The development of corporate governance has gone through four stages: conceptual introduction, structure construction, mechanism establishment and effectiveness improvement. As an important component of corporate governance system, governance of insurance companies has undergone several stages, such as the introduction of ideas and the establishment of the system to the full scale. In 2006, the "Ten States" of the insurance industry made clear directions and requirements from the aspects of corporate governance, construction and supervision, and the reform of the insurance company system and corporate governance gradually entered a new stage of "compliance" construction. In 2011, the "Twelfth Five-Year Plan" of the insurance industry and the new "Article 10" of the insurance services industry in 2014 made more in-depth requirements for the management and supervision of insurance companies. Compared with foreign enterprises, China's insurance industry has been extensively developed for a long time, and the competition between China and foreign insurance companies will be concentrated in the competition for profitability. Therefore, this article focuses on the level of governance of the insurance companies from the perspective of profitability, and focuses on whether the improvement of their governance level can increase the profitability of the company. In this paper, we have selected ten indicators to measure the profitability from our insurance companies, starting from the aspect of insurance corporate governance, governance, governance index of different levels of different contents and specific governance factors, the weighted least squares regression analysis. Based on the samples and methods, the robustness of the corporate governance to the profitability of the insurance companies is verified by using the lag period and factor analysis. The empirical results show that there is no significant relationship between the total index of insurance company and profitability, which indicates that the overall effectiveness of corporate governance in China is not enough, and corporate governance is not enough to significantly affect the profitability level. Different from the governance level, the insurance company's independent compliance index, mandatory compliance index and profitability are no significant relationship, which indicates that the insurance company governance compliance index did not exert a positive influence on improving profitability level. From the different content of governance, the company is classified according to the form of company. It is found that there is no significant positive relationship between the level of corporate governance and profitability. In terms of specific governance elements, the number of directors and the number of executives are significantly positively related to the profitability of insurance companies. In summary, we can see that the effectiveness of the insurance company governance at this stage is insufficient and has not played a role as a whole. Among them, the number of directors and the number of executives play a positive role. Finally, this paper puts forward some suggestions on the optimization of the board of directors, the optimization of the manager and the information disclosure system, hoping to contribute to the improvement of the effectiveness of the insurance company.
查看全文：	预览  下载(下载需要进行登录)