Detailed Information on Publication Record
2023
Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic
PŘEČKOVÁ, Lenka and Iveta PALEČKOVÁBasic information
Original name
Macroeconomic Determinants of Insurance Companies’ Financial Stability: The Case of the Czech Republic
Authors
PŘEČKOVÁ, Lenka (203 Czech Republic, belonging to the institution) and Iveta PALEČKOVÁ (203 Czech Republic, guarantor, belonging to the institution)
Edition
Studies in Business and Economics, 2023, 1842-4120
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50206 Finance
Country of publisher
Romania
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
RIV identification code
RIV/47813059:19520/23:A0000415
Organization unit
School of Business Administration in Karvina
Keywords (in Czech)
Životní pojištění; neživotní pojištění; index finanční stability; reálná míra růstu hrubého domácího produktu; metoda momentů
Keywords in English
Life insurance; non-life insurance; financial stability index; real gross domestic product growth rate; generalized method of moments
Tags
International impact, Reviewed
Změněno: 1/4/2024 14:59, Miroslava Snopková
Abstract
V originále
The study assesses the determinants of the financial stability of the Czech commercial insurance companies within the period 2004-2019. The eight macroeconomic determinants of the financial stability of insurance are analysed for both insurers, i.e., with predominated life and non-life insurance. The generalized method of moments is used for empirical analysis. The results show four macroeconomic variables were statistically significant determinants of financial stability in the case of non-life insurers and three determinants influenced the financial stability of life insurers. The study concludes that the determinants of the financial stability of non-life insurers were different that in the case of life insurers. Moreover, the impact of several determinants is also different in case life and non-life insurers in the Czech Republic.