scholarly journals General Insurance Subsector Financial Performance in 2020/2021: Does the Covid-19 Pandemic Matter?

2021 ◽  
Vol 2 (3) ◽  
pp. 184-193
Author(s):  
Toto Sugiharto
Keyword(s):  
Growth Rate ◽  
Secondary Data ◽  
Total Asset ◽  
Annual Growth Rate ◽  
Financial Service Authority ◽  
General Insurance ◽  
Total Investment ◽  
Dependent Sample ◽  
Premium Income ◽  
The Impact

This paper is aimed at analyzing the impact of the covid-19 pandemic on the performance of general insurance subsector in Indonesia. Secondary data obtained from the Indonesia Financial Service Authority which include annual growth rate (year on year) of total asset, technical reserve, investment, equity, and net premium income for the periods between April 2019, 2020 and 2021 to March 2019, 2020 and 2021 were used in this study. Using the dependent sample t-test, it is revealed that the impacts of the covid-19 pandemic on the performance of general insurance subsector were varied. The growth rates of the total asset, total investment, and net premium income of general insurance subsector significantly decreased during the covid-19 pandemic. The decline of these variables was influenced by the covid-19 pandemic. In the meantime, the growth rate of technical reserve and equity were not significantly influenced by the covid-19 pandemic. The growth rate of these variables decreases; however, the degree of decreases was not statistically significant. Findings of the study indicate that further study is required to examine in more detail the factors that potentially affect the performance of the general insurance subsector in relation to the covid-19 pandemic.

scholarly journals Health insurance sector in India: an analysis of its performance

2020 ◽  
Vol 17 (1/2) ◽  
pp. 97-109
Author(s):  
Madan Mohan Dutta
Keyword(s):  
Health Insurance ◽  
Insurance Industry ◽  
Secondary Data ◽  
Insurance Premium ◽  
Annual Growth Rate ◽  
Content Type ◽  
Insurance Sector ◽  
General Insurance ◽  
Health Insurance Premium ◽  
Premium Income

Purpose Health insurance is one of the major contributors of growth of general insurance industry in India. It alone accounts for around 29% of total general insurance premium income earned in India. The growth of this sector is important from the perspective of overall growth of general insurance Industry. At the same time, problems in this sector are also many which are affecting its performance. Design/methodology/approach The paper provides an understanding on performance of health insurance sector in India. This study attempts to find out how much claims and commission and management expenses it has to incur to earn certain amount of premium. Methodology used for the study is regression analysis to establish relationship between dependent variable (Profit/Loss) and independent variable (Health Insurance Premium earned). Findings Findings of the study indicate that there is significant relationship between earned premium and underwriting loss. There has been increase of premium earnings which instead of increasing profit for the sector in fact has increased underwriting loss over the years. The earnings of the sector is growing at compounded annual growth rate of 27% still it is unable to earn underwriting profit. Originality/value This study is self-driven based on secondary data obtained from insurance regulatory and development authority site.

The Impact of COVID-19 on Energy Consumption in the United States: An Overview

2021 ◽  
Author(s):  
Lindsey Kahn ◽  
Hamidreza Najafi
Keyword(s):  
Growth Rate ◽  
Energy Consumption ◽  
Energy Use ◽  
The United States ◽  
Average Annual Growth Rate ◽  
Annual Growth ◽  
Annual Growth Rate ◽  
End User ◽  
End Use ◽  
The Impact

Abstract Lockdown measures and mobility restrictions implemented to combat the spread of the novel COVID-19 virus have impacted energy consumption patterns, particularly in the United States. A review of available data and literature on the impact of the pandemic on energy consumption is performed to understand the current knowledge on this topic. The overall decline of energy use during lockdown restrictions can best be identified through the analysis of energy consumption by source and end-user breakdown. Using monthly energy consumption data, the total 9-months use between January and September for the years 2015–2020 are calculated for each end-use. The cumulative consumption within these 9 months of the petroleum, natural gas, biomass, and electricity energy by the various end-use sectors are compared to identify a shift in use throughout time with the calculation of the percent change from 2019 to 2020. The analysis shows that the transportation sector experienced the most dramatic decline, having a subsequent impact on the primary energy it uses. A steep decline in the use of petroleum and natural gas by the transportation sector has had an inevitable impact on the emission of carbon dioxide and other air pollutants during the pandemic. Additionally, the most current data for the consumption of electricity by each state and each end-user in the times before and during the pandemic highlights the impact of specific lockdown procedures on energy use. The average total consumption for each state was found for the years 2015–2019. This result is used calculation of yearly growth rate and average annual growth rate in 2020 for each state and end-user. The total average annual growth rate for 2020 was used to find a correlation coefficient between COVID-19 case and death rates as well as population density and lockdown duration. To further examine the relationship a correlation coefficient was calculated between the 2020 average annual growth rate for all sectors and average annual growth rate for each individual end-user.

Impact of the COVID-19 Outbreak on the Currency Exchanges of Selected Countries

2022 ◽  
Vol 14 (2) ◽  
pp. 73-91
Author(s):  
Sudhi Sharma ◽  
Miklesh Prasad Yadav ◽  
Babita Jha
Keyword(s):  
Growth Rate ◽  
Negative Impact ◽  
Annual Growth ◽  
Conditional Heteroskedasticity ◽  
Annual Growth Rate ◽  
Dummy Variable ◽  
Currency Market ◽  
Autoregressive Conditional Heteroskedasticity ◽  
The Impact

The paper aims to analyse the impact of the COVID outbreak on the currency market. The study considers spot rates of seven major currencies (i.e., EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF, and CHF/JPY). To capture the impact of the outbreak on returns and the volatility of returns of seven currencies during pandemic, the study has segregated in two window periods (i.e., pre- [1st Jan 2019 to 31st Dec, 2019] and post-outbreak of COVID-19 [1st Jan, 2020 to 22nd Dec, 2020]). The study has applied various methods and models (i.e., econometric-based compounded annual growth rate [CAGR], dummy variable regression, and generalized autoregressive conditional heteroskedasticity [GARCH]). The result of the study captures the negative impact of the COVID-19 pandemic on three currencies—USD/JPY, AUD/USD, and USD/CHF—and positive significant impact on EUR/USD, GBP/USD, USD/CAD, and CHF/JPY. Investors can take short position in these while having long position in other currencies. The inferences drawn from the analysis are providing insight to investors and hedgers.

scholarly journals Working Capital Management (WCM) and Firm Performance in Emerging Markets: A Case of Bangladesh

2021 ◽  
Vol 10 (1) ◽  
pp. 36
Author(s):  
Rafiqul Bhuyan ◽  
Mohammad Sogir Hossain Khandoker ◽  
Noshin Tasneem ◽  
Mahjuja Taznin
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Total Asset ◽  
Capital Management ◽  
Working Capital ◽  
Return On Assets ◽  
Working Capital Management ◽  
Cash Conversion Cycle ◽  
Current Asset ◽  
The Impact

We examine the impact of efficient working capital management on market value and profitability. Using secondary data on selected firms from Dhaka Stock Exchange we explore the effects of various working capital components (i.e. cash conversion cycle (CCC), current ratio (CR), current asset to total asset ratio (CATAR), current liabilities to total asset ratio (CLTAR), debt to asset ratio (DTAR), siz,e and growth) to the firm’s performance by looking firm’s value i.e. Tobin’s Q (TQ) and profitability i.e. return on asset (ROA) and return on invested capital (ROIC). Our results show that, for both food and overall manufacturing sectors, there is a significant association between working capital variables and firm’s value & return on assets, but an insignificant association with return on invested capital.

scholarly journals INVESTMENT AND ECONOMIC GROWTH: THE EXAMPLE OF BOSNIA AND HERZEGOVINA

2021 ◽  
pp. 21-41
Author(s):  
Jelena Bjelić
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Bosnia And Herzegovina ◽  
Foreign Investment ◽  
Added Value ◽  
Gdp Growth ◽  
Gdp Growth Rate ◽  
Total Investment ◽  
The Impact ◽  
The Relationship

An investment is a factor of the economic growth and a mandatory constituent in the majority of development models. This study analyzes the impact of the gross investment on the economic growth in Bosnia and Herzegovina (BiH) for the period 2005-2017, and provides the assessment of the interdependence of investment and a newly added value in industry. The relationship between the foreign investment and the economic growth is also included. The dependent variables are the GDP growth rate and the added value in industry (as % of GDP). The independent variables are the total investment rate (as % of GDP) and the foreign investment rate (as % of GDP). The hypothesis is that the gross investment and the foreign investment are positively correlated with the GDP growth rate. The investments contribute to a higher newly added value in industry. The results show that the gross investment is a significant factor of the economic growth because there is a high significance and positive correlation between the observed variables (the total investment and the GDP growth). This shows that the investment growth stimulates the economic growth in Bosnia and Herzegovina. But the dynamic analysis as an investment-GDP ratio shows oscillations. The impact of investments on the share of the newly added value in industry is insignificant and negative. The results of the dynamic analysis are similar. The relationship between the variables of the foreign investment rates and the GDP growth is significant and positive. Although the foreign investments are not sufficient, they still contribute, to a certain extent, to the economic growth of BiH.

scholarly journals Fall supplemental feeding increases population growth rate of an endangered caribou herd

PeerJ ◽  
2021 ◽  
Vol 9 ◽  
pp. e10708
Author(s):  
Douglas C. Heard ◽  
Kathryn L. Zimmerman
Keyword(s):  
Growth Rate ◽  
Population Growth ◽  
Population Growth Rate ◽  
Population Increase ◽  
Adult Survival ◽  
Management Approach ◽  
Annual Growth Rate ◽  
Supplemental Feeding ◽  
Management Actions ◽  
The Impact

Most woodland caribou (Rangifer tarandus caribou) populations are declining primarily because of unsustainable predation resulting from habitat-mediated apparent competition. Wolf (Canis lupus) reduction is an effective recovery option because it addresses the direct effect of predation. We considered the possibility that the indirect effects of predation might also affect caribou population dynamics by adversely affecting summer foraging behaviour. If spring and/or summer nutrition was inadequate, then supplemental feeding in fall might compensate for that limitation and contribute to population growth. Improved nutrition and therefore body condition going into winter could increase adult survival and lead to improved reproductive success the next spring. To test that hypothesis, we fed high-quality food pellets to free-ranging caribou in the Kennedy Siding caribou herd each fall for six years, starting in 2014, to see if population growth rate increased. Beginning in winter 2015–16, the Province of British Columbia began a concurrent annual program to promote caribou population increase by attempting to remove most wolves within the Kennedy Siding and the adjacent caribou herds’ ranges. To evaluate the impact of feeding, we compared lambdas before and after feeding began, and to the population trend in the adjacent Quintette herd over the subsequent four years. Supplemental feeding appeared to have an incremental effect on population growth. Population growth of the Kennedy Siding herd was higher in the year after feeding began (λ = 1.06) compared to previous years (λ = 0.91) and to the untreated Quintette herd (λ = 0.95). Average annual growth rate of the Kennedy Siding herd over the subsequent four years, where both feeding and wolf reduction occurred concurrently, was higher than in the Quintette herd where the only management action in those years was wolf reduction (λ = 1.16 vs. λ = 1.08). The higher growth rate of the Kennedy Siding herd was due to higher female survival (96.2%/yr vs. 88.9%/yr). Many caribou were in relatively poor condition in the fall. Consumption of supplemental food probably improved their nutritional status which ultimately led to population growth. Further feeding experiments on other caribou herds using an adaptive management approach would verify the effect of feeding as a population recovery tool. Our results support the recommendation that multiple management actions should be implemented to improve recovery prospects for caribou.

scholarly journals Factors Affecting Financial Performance of Tourism Destination Firms Listed on Stock Exchanges in China

2019 ◽  
Vol 2 (5) ◽  
Author(s):  
Dingchen Cui
Keyword(s):  
Growth Rate ◽  
Financial Performance ◽  
Negative Impact ◽  
Positive Impact ◽  
Stock Exchange ◽  
Secondary Data ◽  
Total Asset ◽  
Gdp Growth ◽  
Tourism Destination ◽  
Gdp Growth Rate

Purpose: the aim of this research is to test the effect of financial ratio on the financial performance of tourism destination firms listed on stock exchange in China. The research selected ratios: current ratio (CR) as a dimension of liquidity, total asset turnover ratio (TATR) as a dimension of asset utilization, debt ratio (DE) as a dimension of leverage, natural logarithm of total asset (LNTA) as a dimension of firm size, GDP growth rate as a dimension of economic prosperity, and effective tax rate as a dimension of effective tax. This research will use return on asset (ROA), return on sales (ROS), return on equity (ROE) and sales growth (SG) to determine the financial performance. Since stock exchange founded in China, tourism destination firm developed very fast. However tourism destination listed firms have weakness financial performance. Design/methodology/approach: the research data collected from quarterly financial report, from 2012 Q1 to 2018 Q4. The secondary data has been analyzed by multiple regression. Finding: the result indicate that CR, TATR, GDP growth rate have positive impact on financial performance. While DE has negative impact on financial performance. And LNTA has a mix result with financial performance. Originality/value: This study led to the effect of financial ratios on tourism’s financial performance since past researches with this aim were difficult to identify and certain references were not specifically linked to the topic.

scholarly journals Impact of COVID-19 on China's macroeconomy and agri-food system – an economy-wide multiplier model analysis

2020 ◽  
Vol 12 (3) ◽  
pp. 387-407 ◽  
Author(s):  
Yumei Zhang ◽  
Xinshen Diao ◽  
Kevin Z. Chen ◽  
Sherman Robinson ◽  
Shenggen Fan
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Food System ◽  
Job Creation ◽  
Value Added ◽  
Annual Growth Rate ◽  
Export Demand ◽  
Potential Cost ◽  
Content Type ◽  
The Impact

PurposeThe purpose of this study is to assess the potential economic cost of the COVID-19 pandemic on China's macroeconomy and agri-food system and provide policy recommendations to stimulate economic growth and agri-food system development.Design/methodology/approachAn economy-wide multisector multiplier model built on China's most recent social accounting matrix (SAM) for 2017 with 149 economic sectors is used to assess the impact of COVID-19 on China's macroeconomy and agri-food system. SAM multiplier analysis focuses on supply chain linkages and captures the complexity of an interconnected economy.FindingsThe paper finds that both the macroeconomy and agri-food systems are hit significantly by COVID-19. There are three main findings. First, affected by COVID-19, GDP decreased by 6.8% in the first quarter of 2020 compared with that in 2019, while the economic loss of the agri-food system is equivalent to 7% of its value added (about RMB 0.26 trillion). More than 46m agri-food system workers (about 27% of total employment) lost their jobs to COVID-19 in the lockdown phase. The COVID-19 affects the employment of unskilled labor more than that of skilled labor. Second, when the economy starts to recover during the second and third quarters, the growth rate in the value added of the agri-food system turns positive but still modest. Many jobs resume during the period, but the level of agri-food system employment continues to be lower than the base. The agri-food system employment recovery is slower than that of other sectors largely due to the sluggish recovery of restaurants. Agri-food system employment drops by 8.6m, which accounts for about 33% of the total jobs lost. Third, although the domestic economy is expected to be normal in the fourth quarter, external demand still faces uncertainties due to the global pandemic. The agri-food system is projected to grow by 1.1% annually in 2020 with resuming export demand, while only by 0.4% without resuming export demand. These rates are much lower than an annual growth rate of 4.3% for the agri-food system in 2019. The results also show that, without resuming export demand, China's total economy will grow less than 1% in 2020, while, with export demand resumed, the growth rate rises to 1.7%. These rates are much lower than an annual GDP growth rate of 6.1% in 2019.Practical implicationsThe results show that continuously reducing economic dependency on exports and stimulating domestic demand are key areas that require policy support. The agri-food system can play an important role in supporting broad economic growth and job creation as SMEs are major part of the AFS. Job creation requires policies to promote innovation by entrepreneurs who run numerous SMEs in China.Originality/valueThis paper represents the first systematic study assessing the impact of COVID-19 on China's agri-food system in terms of value added and employment. The assessment considers three phases of lockdown, recovery and normal phases in order to capture the full potential cost of COVID-19.

scholarly journals Export performance and direction of trade of dried apricot from Afghanistan

2020 ◽  
Vol 11 (2) ◽  
pp. 132-136
Author(s):  
Hasibullah Mushair ◽  
D. Murugananthi ◽  
A. Rohini ◽  
R. Vasanthi
Keyword(s):  
Growth Rate ◽  
Markov Chain ◽  
Export Performance ◽  
Secondary Data ◽  
Annual Growth ◽  
Annual Growth Rate ◽  
Markov Chain Analysis ◽  
Export Markets ◽  
Compound Annual Growth Rate ◽  
Chain Analysis

Apricot is one of the most delicious refreshing and nourishing fruits. Afghanistan produces 1.09 lakh tonnes of apricot during 2018 (Afghanistan statistical year book). It is one of the important commodities in export basket of Afghanistan. The major export markets for Afghan dried apricot are India and USA. The present study aims to quantify the export performance and changing structure of dried apricot exports from Afghanistan. Secondary data on area, production and country wise quantity of exports of dried apricot was collected from FAO statistics, ITC and APEDA for a period of 13 years from 2006 to 2018. Compound Annual Growth Rate was computed for studying the trend in area, production, yield, export quantity and export value for dried apricot. Markov chain analysis was attempted to assess the direction of change in exports. Markov chain analysis results showed that, India is the stable market for Afghanistan’s dried apricot and USA is less stable markets India is the main country to import dried apricot in the next five years. It shows high value in terms of quantity and percentage which is more than 50 per cent of all Afghanistan’s dried apricot export.

scholarly journals Export Performance and Trade Direction of Fresh and Dried Grapes (Raisin): Evidence from Afghanistan

2020 ◽  
pp. 37-44
Author(s):  
Hasibullah Mushair ◽  
D. Murugananthi ◽  
A. Rohini
Keyword(s):  
Growth Rate ◽  
Markov Chain ◽  
Export Performance ◽  
Secondary Data ◽  
Annual Growth Rate ◽  
Markov Chain Analysis ◽  
Export Markets ◽  
Compound Annual Growth Rate ◽  
Dried Grapes ◽  
Chain Analysis

Grapes are one of the most delicious refreshing and nourishing fruits. Afghanistan produces 9.84 lakhtonnes of Grapes during 2018 (FAO statistics). It is one of the important commodities in the export basket of Afghanistan. The major export markets for Afghan’s fresh grapes are Pakistan and India. The major export markets for dried grapes (raisin) are India, Russia, Belarus, USA, Pakistan and UK. The present study aims to quantify the export performance and changing the structure of Grapes and raisin exports from Afghanistan. Secondary data on area, production and country-wise quantity exports of fresh and dried grapes were collected from FAO statistics, ITC and APEDA for a period of 13 years from 2006 to 2018. Compound Annual Growth Rate was computed for studying the trend in the area, production, yield, export quantity and export value for fresh and dried (raisin) grapes. Markov chain analysis was attempted to assess the direction of change in exports. Markov chain analysis results showed that Pakistan is the stable market for Afghan fresh Grapes and India and France are less stable markets. The major reasons are a geographical advantage for Pakistan which gave a competitive advantage over other countries concerning fresh grapes. India, Russia and Pakistan are stable markets for dried grapes and USA, UK, Germany and Belarus are less stable markets. India is the main country to import dried grapes (raisin) in the next five years. It shows a high value in terms of quantity and percentage which is more than 50 percent of all Afghanistan's dried grapes (raisin) export.

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