Identifying changes in insurance companies’ competitiveness on the travel services market
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Author(s)Nataliya VnukovaLink to ORCID Index: http://orcid.org/0000-0002-1354-4838
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Nataliya OpeshkoLink to ORCID Index: https://orcid.org/0000-0003-3665-0585
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Elza MamedovaLink to ORCID Index: https://orcid.org/0000-0003-4274-2507
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DOIhttp://dx.doi.org/10.21511/ins.11(1).2020.06
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Article InfoVolume 11 2020, Issue #1, pp. 53-60
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379 Downloads
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Creative Commons Attribution 4.0 International License
The purpose of the study is to develop methodological approach for identifying changes in the level of insurance companies’ competitiveness on the travel services market. Based on development of multifactor regression equation, integrated indicators of insurance companies’ competitiveness in 2016–2019 were calculated. The application of three-sigma rule allowed to divide insurance companies by competitiveness levels and to identify that during 2016–2019 most of insurers had sufficient and critical levels of competitiveness and the group of insurance companies with a high level of competitive position is small. The Markov chain theory was used as a research method to determine the probability of insurance companies moving to higher or lower competitiveness levels. The results of Markov’s method showed that the majority of insurance companies are most likely to remain in their initial groups and only insurers with low and sufficient competitiveness have high probability to change their positions. Companies with high competitiveness have very strong positions on the market and there is very low probability that other insurers will capture leaders’ market share in the coming years. So, the use of the developed approach allows predicting a decrease of insurance ability to compete on the travel services market and deciding on the necessity to change the competitive strategy.
- Keywords
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JEL Classification (Paper profile tab)G17, G22, M31
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References17
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Tables4
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Figures1
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- Figure 1. Distribution of insurance companies according to the integrated indicator of competitiveness on the travel services market
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- Table 1. Parameters of the regression model for calculating the indicator of insurance companies’ competitiveness on the travel services market
- Table 2. Statistical characteristics of distribution of integrated indicator of insurance companies’ competitiveness on travel services market
- Table 3. Scales of insurance companies’ competitiveness on travel services market
- Table 4. Matrix of insurance companies moving between groups according to the levels of their competitiveness on the travel services market
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Determinant factors of market share: evidence from the Indonesian Islamic banking industry
M. Nur Rianto Al Arif ,
Yuke Rahmawati
doi: http://dx.doi.org/10.21511/ppm.16(1).2018.37
Problems and Perspectives in Management Volume 16, 2018 Issue #1 pp. 392-398 Views: 2180 Downloads: 490 TO CITE АНОТАЦІЯMarket share is one of the performance indicators for the Islamic banking industry in Indonesia. Actually, the policy makers had set up the 5% market share to be achieved in 2008. Unfortunately, this target finally was met at the end of 2016. This study is going to examine the determinants of market share in the Indonesian Islamic banking industry. From the empirical result, we can see that some of the variables had an impact on market share. The variables impacting market share are the default rate, operational efficiency rate, the yield of profit sharing, and conventional bank’s interest rate. The other variables such as profitability ratio and liquidity ratio don’t have an impact on market share. The result implies that Islamic banks should strengthen the internal factors to accelerate their growth and performance.
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Retraction: The effect of human capital on performance of East African commercial banks
Muhammad Zia Aftab Khan ,
Ji Hyun Park
doi: http://dx.doi.org/10.21511/bbs.15(2).2020.06
Banks and Bank Systems Volume 15, 2020 Issue #2 pp. 56-66 Views: 1361 Downloads: 326 TO CITE АНОТАЦІЯRetracted on the 7th of July, 2020 by the Journal’s Editor-in-Chief request dated July 3th 2020. The type of retraction – plagiarism.
The Editor-in-Chief of the journal was asked to retract this article because of plagiarism. The request came from the author of the article, which was published 8 months before the retracted article was published in “Banks and Bank Systems” journal. The author(s) insisted that the article completely repeated his own, i.e. contained a high level of plagiarism that could not be corrected.
Editorial staff carried out an investigation into plagiarism in the article published. When the manuscript was submitted to the Journals for consideration, the authors signed the Cover letter and attested to the fact that their manuscript is an original research and has not been published before. After that, the manuscript was accepted for consideration by the Managing Editor and was tested for plagiarism using the iThenticate program. Plagiarism was not detected. Later, after the article complaint and the statement of plagiarism, we used all the sources and resources provided by the complainant, the article was re-tested for plagiarism, and plagiarism was established
According to the results of the investigation, the editorial board decided to retract the article on July 7, 2020.
The authors were notified of such a decision. -
Market share and firm performance: Moderated and mediating effects of firm size and corporate governance
Prakash Kumar Gautam ,
Prem Prasad Silwal ,
Padam Raj Joshi
doi: http://dx.doi.org/10.21511/ppm.22(4).2024.52
Problems and Perspectives in Management Volume 22, 2024 Issue #4 pp. 683-692 Views: 1118 Downloads: 491 TO CITE АНОТАЦІЯFirm performance is of global interest for sustainable growth and is a function of multiple factors. Market share is often considered the source of competitive position and ability to generate financial performance. By understanding these dynamics, organizations can develop tailored strategies incorporating corporate governance to enhance competitiveness for improved performance outcomes. This study examines the impact of market share on firm performance, considering the moderated effect of firm size and mediating effects of corporate governance with capital structure, growth, and innovation as control variables. This study relies on seven-year firm-level data, utilizing an uneven sample of 40 non-financial companies listed on the Nepal Stock Exchange (NSE) and encompassing 280 observations. A causal-comparative research design was used with Process Macro tools in a moderated mediating model to examine the hypotheses. The results revealed a significant impact of market share on firm performance, i.e., ROA (β = 0.195, p < 0.01) and Tobin’s Q (β = 0.232, p < 0.01). Additionally, firm size moderated negatively (β = –0.82, p < 0.01), while corporate governance positively mediated the relationship (β = 0.184, p < 0.01; Tobin’s Q: β = 0.188, p < 0.05). Control variables had no significant impact on corporate governance. The study highlights the implication of balance of market share, corporate governance, and innovation with firm size for the firm’s performance. By utilizing these insights, firms can create strategic initiatives to boost competitiveness, improve resource allocation, and reinforce governance practices.
Acknowledgment
We acknowledge all the individuals who supported this research process directly and indirectly. We also thank the anonymous reviewers for their valuable comments on improving the quality of the paper.
