New Findings in Social Science Described from Van Lang University (Foreign Ownership, Investor Attention and the Risk-Taking Behavior of Property and Casualty Insurance Firms: Evidence From Vietnam): Science – Social Science

2023 DEC 26 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- Data detailed on social science have been presented. According to news reporting out of Ho Chi Minh City, Vietnam, by NewsRx editors, research stated, “This study enriches the current literature because it is the first to examine how foreign ownership and Investor attention affect the risk-taking behaviors of property and casualty insurance companies in Vietnam.”

Financial supporters for this research include Ton Duc Thang University, Van Lang University, And Ho Chi Minh University of Banking, Vietnam.

The news editors obtained a quote from the research from Van Lang University: “This study is unique because it tests whether foreign ownership moderates the relationship between investor attention and the risk-taking behavior of insurance firms or vice versa. This study employs the Random Effect Models, Generalized Least Squares, Johnson-Neyman test, and simple slope analyses to analyze 28 property and casualty insurance companies from 2010 to 2022. The findings indicate that foreign ownership and investor attention increases the risk-taking behaviors of insurance firms. Moreover, the findings indicate that foreign ownership moderates the relationship between investor attention and the risk-taking behavior of insurance firms in Vietnam. The findings align with agency theory, stakeholder theory, limited attention theory, and prior literature.”

According to the news editors, the research concluded: “This study supports managers and policymakers in developing the insurance sector sustainably, especially in emerging markets.”

For more information on this research see: Foreign Ownership, Investor Attention and the Risk-Taking Behavior of Property and Casualty Insurance Firms: Evidence From Vietnam. SAGE Open, 2023,13. (SAGE Open - http://journals.sagepub.com/home/sgoa). The publisher for SAGE Open is SAGE Publishing.

A free version of this journal article is available at https://doi.org/10.1177/21582440231211971.

Our news journalists report that additional information may be obtained by contacting Hoang Tien Nguyen, Faculty of Finance and Banking, Van Lang University, Ho Chi Minh City, Vietnam. Additional authors for this research include Ai Ngoc Nhan Le, Quang Thu Luu, Ngoc Thi Thanh Nguyen, Khoa Dang Duong.

(Our reports deliver fact-based news of research and discoveries from around the world.)