International records / OpenAlex research

Ownership Structure and the Performance of Nigerian Insurance Companies

There is the argument of whether ownership plays any significant role in determining the performance of firms in Nigeria. We therefore, analyze the effects of ownership type and concentration on the performance of a population of insurance companies in Nigeria. Using Data Envelopment Analysis and Multivariate Regression Analysis, we find that there is significant performance improvement by most of the insurance companies and the foreign-owned firms that have little or no domestic ownership, improves some measures of performance relative to state ownership. However, private ownership, rather th…