Relationship between Profitability and Some of Financial Ratios in Syrian Insurance Companies Using Canonical Correlation (Case Study of Al-Mashreq Al-A'rabi Company)

Authors

  • ahmed adeeb ahmed adeeb ahmed Tishreen University

Abstract

The study aims to establish any relationship which exists between profitability ratios and some of the financial ratios affecting them (liquidity, subscription and activity turnover ratios) in Syrian insurance companies.

The canonical correlation analysis has been applied to the calculated financial ratios based on the financial data of Al-Mashreq Ala'rabi Insurance Company from the reports of the supervisory authority of insurance.

The most significant results were that there is a statistical significance between the profitability ratios and the financial ratios (liquidity, subscription and activity turnover ratios). The study also concluded that return on assets is the most closely related ratio to the financial ratios, which can be classified as follows: equity turnover, assets turnover, change in subscription and market share ratios.

Furthermore, equity turnover was the most closely related to profitability ratios, followed by assets turnover, change in subscription and market shares respectively. while there is no relationship between profitability ratios and the remaining financial ratios at all.

Downloads

Published

2023-07-25

How to Cite

اديب احمد ا. (2023). Relationship between Profitability and Some of Financial Ratios in Syrian Insurance Companies Using Canonical Correlation (Case Study of Al-Mashreq Al-A’rabi Company). Tishreen University Journal- Economic and Legal Sciences Series, 45(3), 405–427. Retrieved from https://journal.tishreen.edu.sy/index.php/econlaw/article/view/14807

Issue

Vol. 45 No. 3 (2023): Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

  • The authors retain the copyright and grant the right to publish in the magazine for the first time with the transfer of the commercial right to Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences

     Under a CC BY- NC-SA 04 license that allows others to share the work with of the work's authorship and initial publication in this journal. Authors can use a copy of their articles in their scientific activity, and on their scientific websites, provided that the place of publication is indicted in  Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences   .  The Readers have the right to send, print and subscribe to the initial version of the article, and the title of Tishreen University Journal of Research and Scientific Studies - Economic and Legal Sciences Publisher

  • journal uses a CC BY-NC-SA license which mean

    You are free to:

    • Adapt — remix, transform, and build upon the material
    •  
    • The licensor cannot revoke these freedoms as long as you follow the license terms.

  • Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.

  • NonCommercial — You may not use the material for commercial purposes.

  • ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.

  • No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.