Academy of Accounting and Financial Studies Journal, 2018
The purpose of this paper is to investigate the main internal factors affecting the profitability... more The purpose of this paper is to investigate the main internal factors affecting the profitability of insurance Takaful companies in an Islamic insurance system. We collected the data from the quarterly reports of the six largest Saudi Takaful Insurance companies for the period 2010-2016, which represents more than 60% of the total assets of the Insurance market. Panel data techniques, namely, pooled ordinary least squares, fixed effects and random effects, were used to estimate the relationship between return on policyholders as a proxy of insurance company profitability and company-specific variables such as age, size, loss ratio, the rate of retention, risk level, and the written premium growth rate. The regression results indicate that age, size, written premium growth rate and loss ratio, have significant effects on the profitability of insurance Takaful companies. Many studies were conducted to determine variables affecting insurance Takaful companies profitability, but most of...
Export strategies are the means by which the country can dispose of its domestic production surpl... more Export strategies are the means by which the country can dispose of its domestic production surpluses to bridge successive deficits in national balances of payments and achieve economic growth. These strategies are of particular importance to the economy of Saudi Arabia, as it has opted in the last decade to diversify its economy and migrate gradually away from an economy heavily reliant on oil exports. Given the importance of diversifying the economy, this study aims to examine the relationship between exports and economic growth in the Saudi Arabian economy. The multivariate Granger Causality Test and cointegration, which is the most common model, was used in examining the short-term and long-term patterns of exports, non-oil exports, GDP, GDP per capita, and government spending from 1991 to 2016. The findings support a long-standing connection involving Saudi exports and the country’s rate of economic expansion. Unidirectional causality exists between exports, non-oil exports, an...
Academy of Accounting and Financial Studies Journal, 2020
The purpose of this paper is to investigate the major macroeconomic factors affecting economic di... more The purpose of this paper is to investigate the major macroeconomic factors affecting economic diversification in Saudi Arabia, and to investigate and analyze the strategies engaged in diversifying Saudi Arabia's economy as well as to adjudge the level of success that has been achieved away from the export of oil. The empirical study carried out to analyze the diversification of the Saudi Arabian economy, using multiple regression analysis for the period 1991-2016. The results suggest a direct correlation between the economic diversification index and The Gross Domestic Product (GDP), The Gross Fixed Capital Formation (GFCF), and the percentage contribution of Foreign Direct Investment to the GDP (FDI). The non-oil GDP to GDP (NOGDP/GDP), the percentage contribution of Non-Oil Government Revenues as a proportion of total government revenues (NOGOV), and the percentage contribution of the private sector to GDP (PRIV) indicated a negative correlation with the diversification. We b...
Academy of Accounting and Financial Studies Journal, 2018
The purpose of this paper is to investigate the main internal factors affecting the profitability... more The purpose of this paper is to investigate the main internal factors affecting the profitability of insurance Takaful companies in an Islamic insurance system. We collected the data from the quarterly reports of the six largest Saudi Takaful Insurance companies for the period 2010-2016, which represents more than 60% of the total assets of the Insurance market. Panel data techniques, namely, pooled ordinary least squares, fixed effects and random effects, were used to estimate the relationship between return on policyholders as a proxy of insurance company profitability and company-specific variables such as age, size, loss ratio, the rate of retention, risk level, and the written premium growth rate. The regression results indicate that age, size, written premium growth rate and loss ratio, have significant effects on the profitability of insurance Takaful companies. Many studies were conducted to determine variables affecting insurance Takaful companies profitability, but most of...
Export strategies are the means by which the country can dispose of its domestic production surpl... more Export strategies are the means by which the country can dispose of its domestic production surpluses to bridge successive deficits in national balances of payments and achieve economic growth. These strategies are of particular importance to the economy of Saudi Arabia, as it has opted in the last decade to diversify its economy and migrate gradually away from an economy heavily reliant on oil exports. Given the importance of diversifying the economy, this study aims to examine the relationship between exports and economic growth in the Saudi Arabian economy. The multivariate Granger Causality Test and cointegration, which is the most common model, was used in examining the short-term and long-term patterns of exports, non-oil exports, GDP, GDP per capita, and government spending from 1991 to 2016. The findings support a long-standing connection involving Saudi exports and the country’s rate of economic expansion. Unidirectional causality exists between exports, non-oil exports, an...
Academy of Accounting and Financial Studies Journal, 2020
The purpose of this paper is to investigate the major macroeconomic factors affecting economic di... more The purpose of this paper is to investigate the major macroeconomic factors affecting economic diversification in Saudi Arabia, and to investigate and analyze the strategies engaged in diversifying Saudi Arabia's economy as well as to adjudge the level of success that has been achieved away from the export of oil. The empirical study carried out to analyze the diversification of the Saudi Arabian economy, using multiple regression analysis for the period 1991-2016. The results suggest a direct correlation between the economic diversification index and The Gross Domestic Product (GDP), The Gross Fixed Capital Formation (GFCF), and the percentage contribution of Foreign Direct Investment to the GDP (FDI). The non-oil GDP to GDP (NOGDP/GDP), the percentage contribution of Non-Oil Government Revenues as a proportion of total government revenues (NOGOV), and the percentage contribution of the private sector to GDP (PRIV) indicated a negative correlation with the diversification. We b...
Uploads
Papers by Said OUASSAF