The Determinants of Demand for Corporate Insurance in China:Empirical Analysis with Panel Data at Province Level
利用省级面板数据，实证分析了影响中国公司保险购买的因素，发现固定资产投资、公司税负、公司规模、金融机构贷款和火灾损失率与公司保险消费显著相关。
Corporate insurance once played an important role in the development of property insurance industry. But recently the growth rate of corporate insurance is far below that of the national economy and fixed-asset investment, so its market shares in the whole property/casualty insurance is decreasing.Most previous researches on this issue in China are descriptive studies,and the determinants of the demand for corporate insurance were never fully examined in the literature for the case of China.In this empirical study,with panel data at province level,the authors try to explore the factors that have effects on corporate insurance purchases.It is found that fix-asset investment,corporate tax burden,size of company,loan of financial institution,fire loss ratio are significantly correlated with corporate insurance consumption.