IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxiy2018ispecial2p460-473.html
   My bibliography  Save this article

Mutual Insurance of Transport Infrastructure Construction Risks as an Inherent Part of Competitive Environment

Author

Listed:
  • Logvinova I.L.
  • Rubin Y.B.
  • Sherstiuk A.E

Abstract

In this article we introduce mutual insurance as an inherent part of competitive environment in the field of insurance of the transport infrastructure construction risks. The competitive environment makes a great impact on the market behavior of the actors. The monopolization creates the environment, which does not prevent the negative steps of the firm in different directions. The article shows, that mutual insurance is a significant factor which can prevent the monopolization of the insurance market. This is a specific factor that is inherent only to this kind of the market. The competitive advantages of the mutual insurance organizations, their attractiveness to the clients (the insured) are conditioned with the specific relations between the insured and the insurance organization, such as the decision of the main questions of the financial activity of the insurer on the meeting of all the insured or their representatives, the possibility to insure the risks, which the commercial insurers do not insure and some others.

Suggested Citation

  • Logvinova I.L. & Rubin Y.B. & Sherstiuk A.E, 2018. "Mutual Insurance of Transport Infrastructure Construction Risks as an Inherent Part of Competitive Environment," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 460-473.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:special2:p:460-473
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/journal/1273/download
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Geroski, P A, 2001. "Exploring the Niche Overlaps between Organizational Ecology and Industrial Economics," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 10(2), pages 507-540, June.
    2. Man, Thomas W. Y. & Lau, Theresa & Chan, K. F., 2002. "The competitiveness of small and medium enterprises: A conceptualization with focus on entrepreneurial competencies," Journal of Business Venturing, Elsevier, vol. 17(2), pages 123-142, March.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. O.V. Yamova & M.S. Maramygin & I.V. Sharova & J.N. Nesterenko & N.V. Sobina, 2018. "Integral Valuation of an Enterprise’s Competitiveness in the Industrial Economy," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 2), pages 777-787.
    2. Thomas Lans & Wim Hulsink & Herman Baert & Martin Mulder, 2008. "Entrepreneurship Education And Training In A Small Business Context: Insights From The Competence-Based Approach," Journal of Enterprising Culture (JEC), World Scientific Publishing Co. Pte. Ltd., vol. 16(04), pages 363-383.
    3. Heira Georgina Valdez-Bocanegra & Gonzalo Maldonado-Guzmán & Carmen Castrejón-Mata, 2020. "The Entrepreneurial Orientation and its Impact on Competitiveness and Growth: Empirical Evidence in the State of Aguascalientes in Mexico," Advances in Management and Applied Economics, SCIENPRESS Ltd, vol. 10(3), pages 1-6.
    4. Erik Stam & Roy Thurik & Peter van der Zwan, 2010. "Entrepreneurial exit in real and imagined markets," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 19(4), pages 1109-1139, August.
    5. Hornyák, Miklós & Kruzslicz, Ferenc & Lányi, Beatrix, 2023. "A kis- és középvállalatok digitális transzformációja - az online jelenlét és a versenyképesség összefüggései [The relationships between the online presence of SMEs and competitiveness]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(5), pages 517-543.
    6. Saeed Moazemi Goodarzi & Ebrahim Ali Razini, 2016. "Analyze the Competitiveness of Iran in the Aluminum Export with the Use of Analyze the Share Shift Index and Trademapping Index," Modern Applied Science, Canadian Center of Science and Education, vol. 10(12), pages 177-177, December.
    7. Jenny Lukito Setiawan & Azilah Kasim & Elia Ardyan, 2022. "Understanding the Consumers of Entrepreneurial Education: Self-Efficacy and Entrepreneurial Attitude Orientation among Youths," Sustainability, MDPI, vol. 14(8), pages 1-18, April.
    8. Coppola, A. & Ianuario, S. & Chinnici, G. & Di Vita, G. & Pappalardo, G. & D'Amico, D., 2018. "Endogenous and Exogenous Determinants of Agricultural Productivity: What Is the Most Relevant for the Competitiveness of the Italian Agricultural Systems?," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(2).
    9. Rik Wenting & Koen Frenken, 2011. "Firm entry and institutional lock-in: an organizational ecology analysis of the global fashion design industry," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 20(4), pages 1031-1048, August.
    10. Pilar Laguna-Sánchez & Pilar Abad & Concepción de la Fuente-Cabrero & Rocío Calero, 2020. "A University Training Programme for Acquiring Entrepreneurial and Transversal Employability Skills, a Students’ Assessment," Sustainability, MDPI, vol. 12(3), pages 1-17, January.
    11. Fischer, Denise & Greven, Andrea & Tornow, Mark & Brettel, Malte, 2021. "On the value of effectuation processes for R&D alliances and the moderating role of R&D alliance experience," Journal of Business Research, Elsevier, vol. 135(C), pages 606-619.
    12. Alexander Kalita & Alexander Chepurenko, 2020. "Competitiveness of Small and Medium Businesses and Competitive Pressure in the Manufacturing Industry," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 14(2), pages 36-50.
    13. Dennis Fok & André Stel & Andrew Burke & Roy Thurik, 2019. "How entry crowds and grows markets: the gradual disaster management view of market dynamics in the retail industry," Annals of Operations Research, Springer, vol. 283(1), pages 1111-1138, December.
    14. Rousselière, Damien & Joly, Iragäel, 2011. "A propos de la capacité à survivre des coopératives : une étude de la relation entre âge et mortalité des organisations coopératives agricoles françaises," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), Institut National de la Recherche Agronomique (INRA), vol. 92(3).
    15. Arturo GUTIERREZ FERNANDEZ & Macarena PEREZ-SUAREZ, 2017. "The Export Competitiveness Of Social Enterprises As Compared To With Export Smes," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 26(1), pages 55-72.
    16. Guven Lisaniler, Fatma & Tumer, Mustafa, 2011. "Competitiveness of manufacturing enterprises in North Cyprus: A firm level analysis," MPRA Paper 72918, University Library of Munich, Germany, revised 24 Apr 2016.
    17. Janice Byrne & Frédéric Delmar & Alain Fayolle & Wadid Lamine, 2016. "Training corporate entrepreneurs: an action learning approach," Small Business Economics, Springer, vol. 47(2), pages 479-506, August.
    18. Youngbok Ryu & Toshiyuki Sueyoshi, 2021. "Examining the Relationship between the Economic Performance of Technology-Based Small Suppliers and Socially Sustainable Procurement," Sustainability, MDPI, vol. 13(13), pages 1-23, June.
    19. Kabir Mohammed & Hazril Izwar Ibrahim & Khairul Anuar Mohammad Shah, 2017. "Empirical Evidence of Entrepreneurial Competencies and Firm Performance: a Study of Women Entrepreneurs of Nigeria," International Journal of Entrepreneurial Knowledge, Center for International Scientific Research of VSO and VSPP, vol. 5(1), pages 49-61, June.
    20. Broström, Anders & Lööf, Hans & Nabavi, Pardis, 2016. "Inherited Advantage and Spinoff Success," Working Paper Series in Economics and Institutions of Innovation 437, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.

    More about this item

    Keywords

    Competition; competition environment; mutual insurance; insurance market; transport infrastructure constructions’ risks.;
    All these keywords.

    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • L74 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Construction
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D40 - Microeconomics - - Market Structure, Pricing, and Design - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xxi:y:2018:i:special2:p:460-473. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.