Evidence on the nature and extent of fall in oil prices on the financial performance of listed companies: a ratio analysis case study of the insurance sector in the UAE
Conference paper
Kishore, P. and Aslam, M. 2018. Evidence on the nature and extent of fall in oil prices on the financial performance of listed companies: a ratio analysis case study of the insurance sector in the UAE. 38th International Academic Conference of IISES. Prague, Czech Republic 11 - 14 Jun 2018
Type | Conference paper |
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Title | Evidence on the nature and extent of fall in oil prices on the financial performance of listed companies: a ratio analysis case study of the insurance sector in the UAE |
Authors | Kishore, P. and Aslam, M. |
Abstract | The sharp decline in oil prices that started in 2014 affected most economies in the world either positively or negatively. United Arab Emirates has been striving to diversify away from oil and expects higher non-oil growth in 2018. This study involves calculations and comparisons of ratios pre and post the fall in oil prices in the insurance sector in the UAE. Parametric tests, conclude that while the change in profitability and efficiency ratios is statistically significant, the other ratios have been quite stable in the period. There has been an overall slowdown in the insurance industry yet UAE has been mostly resilient to the fall in oil prices and given the visionary leadership of its policy makers, the diversification strategy has taken effect rather quickly. |
Sustainable Development Goals | 9 Industry, innovation and infrastructure |
Middlesex University Theme | Creativity, Culture & Enterprise |
Sustainability | |
Conference | 38th International Academic Conference of IISES |
Publication dates | |
Online | 11 Jun 2018 |
Publication process dates | |
Deposited | 26 Aug 2022 |
Accepted | 11 Jun 2018 |
Output status | Published |
Web address (URL) | https://econpapers.repec.org/paper/sekiacpro/7809821.htm |
Language | English |
https://repository.mdx.ac.uk/item/89yx6
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