Srbinoski, Bojan and Poposki, Klime and Kwon, Jean and Dencic-Mihajlov, Ksenija (2024) Greenfield foreign direct investments and insurance market diversification: a cross-country analysis. The Geneva Papers on Risk and Insurance - Issues and Practice, 49. pp. 636-661.
Full text not available from this repository.Abstract
Foreign direct investments influence insurance markets directly, through foreign insurers’ participation into domestic markets, and indirectly, through diversity of cross-sectoral spillover effects. This article focuses on the indirect effects and examines the relationship between greenfield FDIs and insurance market diversification in the European insurance markets. Using a panel data of 28 countries for the period 2004-2019, we find that greenfield foreign direct investments induce greater diversifications of insurance markets. Our results suggest a presence of non-linear relationship and potential mediating effects of financial development on the FDI-insurance relationship. Robustness tests using different measures of market diversification, model specifications and averaging of the data show consistent results.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Greenfield investment · Foreign direct investment · Insurance markets · Diversification |
| Subjects: | Scientific Fields (Frascati) > Social Sciences > Economics and Business |
| Divisions: | Faculty of Tourism and Hospitality |
| Depositing User: | Prof. d-r Bojan Srbinoski |
| Date Deposited: | 07 Apr 2025 09:35 |
| Last Modified: | 07 Apr 2025 09:35 |
| URI: | https://eprints.uklo.edu.mk/id/eprint/10819 |
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