مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Verion
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

video

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

sound

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Persian Version

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

View:

484
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Download:

0
مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Cites:

Information Journal Paper

Title

Factors Affecting Financial Development with an Emphasis on Life Insurance: A Comparative Study of Iran and Developed Countries

Pages

  9-45

Abstract

 Objective: Financial Development resulted from the advances in the insurance, banking and capital markets sectors is one of the most important requirements for a country’ s sustained economic growth. An efficient system is needed for pooling micro-funds in the banking and insurance sectors and converting them into financial resources for firms’ financing and investment. In developed countries, Life Insurance is one of the most important mechanisms for attracting stagnant liquidity in the market and leading them into capital market along with sustaining the benefits for policyholders. However, in developing countries, the role of this financial institution is very limited. The objective of this study is to identify and investigate the macroeconomic factors affecting Financial Development with an emphasis on Life Insurance development. Methodology: This study examined the impact of Life Insurance on Financial Development in a comparative study between developed countries and Iran during the period of 1985-2016 using the Generalized Method of Moments approach. Findings: The results show that the development of Life Insurance in developed countries, unlike Iran, has a significant impact on Financial Development. This indicates the underdevelopment of the Life Insurance sector in Iran's insurance industry. Also, the effect of government expenditure on Financial Development in Iran, in contrast to the developed countries, is positive and significant. On the other hand, the impact of the inflation rate on Financial Development in Iran has been significant in contrast to the developed countries. Among the variables studied for developed countries, trade volume, government spending, GDP per capita and Life Insurance development had the greatest impact on Financial Development. In Iran, government spending, inflation, and Life Insurance have had the greatest impact on Financial Development. Conclusions: The impact of Life Insurance on Financial Development is more than nonLife Insurance. Besides, unlike the developed countries, Life Insurance in Iran due to its low share in the insurance companies’ portfolio, has a significant negative effect on Financial Development in the banking sector. The first hypothesis of the research "Life Insurance development has a significant impact on the Financial Development in the developed countries" is confirmed. Nevertheless, the second hypothesis of the research, "Life Insurance Development has a significant impact on Iran’ s Financial Development", is partially supported.

Cites

  • No record.

    • References

  • No record.

    • Cite

    APA: Copy

    Asadiqaragoz, Saeed, DAGHIGHI ASLI, ALIREZA, MAHDAVI, GHADIR, & DAMANKESHIDEH, MARJAN. (2020). Factors Affecting Financial Development with an Emphasis on Life Insurance: A Comparative Study of Iran and Developed Countries. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), 34(4 ), 9-45. SID. https://sid.ir/paper/378853/en

    Vancouver: Copy

    Asadiqaragoz Saeed, DAGHIGHI ASLI ALIREZA, MAHDAVI GHADIR, DAMANKESHIDEH MARJAN. Factors Affecting Financial Development with an Emphasis on Life Insurance: A Comparative Study of Iran and Developed Countries. IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH)[Internet]. 2020;34(4 ):9-45. Available from: https://sid.ir/paper/378853/en

    IEEE: Copy

    Saeed Asadiqaragoz, ALIREZA DAGHIGHI ASLI, GHADIR MAHDAVI, and MARJAN DAMANKESHIDEH, “Factors Affecting Financial Development with an Emphasis on Life Insurance: A Comparative Study of Iran and Developed Countries,” IRANIAN JOURNAL OF INSURANCE RESEARCH (SANAAT-E-BIMEH), vol. 34, no. 4 , pp. 9–45, 2020, [Online]. Available: https://sid.ir/paper/378853/en

    Related Journal Papers

  • No record.

    • Related Seminar Papers

  • No record.

    • Related Plans

  • No record.

    • Recommended Workshops






    Move to top
    telegram sharing button
    whatsapp sharing button
    linkedin sharing button
    twitter sharing button
    email sharing button
    email sharing button
    email sharing button
    sharethis sharing button