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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

Author

Listed:
  • Pallavi Kishore

    (Middlesex University Dubai)

  • Mariam Aslam

    (Middlesex University Dubai)

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.

Suggested Citation

  • Pallavi Kishore & Mariam Aslam, 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," Proceedings of International Academic Conferences 7809821, International Institute of Social and Economic Sciences.
    • Handle: RePEc:sek:iacpro:7809821
    as

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    File URL: https://iises.net/proceedings/38th-international-academic-conference-prague/table-of-content/detail?cid=78&iid=018&rid=9821
    File Function: First version, 2018
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    Keywords

    Insurance Sector; Oil prices; Parametric test; Profitability; Ratio analysis; United Arab Emirates;
    All these keywords.

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