Beijing Technology & Business University Reports Findings in Environmental Research and Public Health (China’s Insurance Regulatory Reform,…

China Weekly News

Beijing Technology & Business University Reports Findings in Environmental Research and Public Health (China's Insurance Regulatory Reform, Corporate Governance Behavior and Insurers' Governance Effectiveness)

By a News Reporter-Staff News Editor at China Weekly News -- Data detailed on Environmental Health - Environmental Research and Public Health have been presented. According to news reporting originating in Beijing, People's Republic of China, by VerticalNews journalists, research stated, "External regulation is an important mechanism to improve corporate behavior in emerging markets. China's insurance governance regulation, which began to supervise and guide insurance corporate governance behavior in 2006, has experienced a complex process of reform."

The news reporters obtained a quote from the research from Beijing Technology & Business University, "This study tested our hypotheses with a sample of 85 firms during 2010-2011, which was obtained by providing a questionnaire to all of China's shareholding insurance companies. The empirical study results generally show that China's insurance governance effectiveness has significantly improved through strict regulation. Insurance corporate governance can improve business acumen and risk-control ability, but no significant evidence was found to prove its influence on profitability, as a result of focusing less attention on governance than on management. State ownership is associated with higher corporate governance effectiveness than non-state ownership. Listed companies tend to outperform non-listed firms, and life insurance corporate governance is more effective than that of property insurers."

According to the news reporters, the research concluded: "This study not only contributes to the comprehensive understanding of corporate governance effectiveness but also to the literature by highlighting the effect of corporate governance regulation in China's insurance industry and other emerging economies of the financial sector."

For more information on this research see: China's Insurance Regulatory Reform, Corporate Governance Behavior and Insurers' Governance Effectiveness. International Journal of Environmental Research and Public Health, 2017;14(10):2121-2134. International Journal of Environmental Research and Public Health can be contacted at: Mdpi Ag, St Alban-Anlage 66, Ch-4052 Basel, Switzerland.

Our news correspondents report that additional information may be obtained by contacting H.C. Li, Beijing Technol & Business Univ, Business Sch, Beijing 100048, People's Republic of China. Additional authors for this research include H.L. Zhang, S.B. Tsai and A.C. Qiu.

Keywords for this news article include: Beijing, People's Republic of China, Asia, Environmental Research and Public Health, Environmental Health, China, Asia, Beijing Technology & Business University.