Abstract
Insurance is a crucial component of any financial sector, the financial soundness of the insurance sector will result in a healthier financial system in any country. The insurance sector is responsible for transferring risk from one entity to another, for premium, to hedge against any risk of unexpected loss. For that, the insurance sector plays the role of safety net for the whole of the financial system in any country. This study aims to detect the existence of signs of financial failure for conventional insurance companies listed at Kuwait stock exchange (KSE). The study uses the Altman Model to calculate the financial failure indicators. The research also measures the relationship between the financial failure score and the share price of these companies. The analysis is based on the belief that financial reports provide information to investors which can be taken as indicators of the financial failure or success of companies. This information will affect investment decisions which, in turn, will be reflected on the share price. This study is based on the financial data of conventional insurance companies listed at Kuwait stock exchange for the period spanning from 2010 to 2017. A panel data collected from the financial statements of the four conventional insurance companies listed at the stock market were used to calculate the financial failure score for these companies. Ordinary least squared (OLS) regression method, is then used to evaluate the relation between Altman’s z-score and the share price of these companies. Results obtained from this study showed that conventional insurance companies operating in Kuwait had a healthy financial positions and therefore safe from bankruptcy risk. The study also revealed that there was no statistically significant relation between Altman’s score and the share price indicating that the financial failure score does not have an effect on share price of conventional insurance companies listed at Kuwait stock exchange.
Highlights
Inside present societies, education is considered as a basic necessity of rights of every person
At the end appendix I results shows that reveals significant difference between the Male (M= 3.58, SD= 0.35) and Female (M= 2.94, SD= 0.80), t (398) =4.244. It is obvious from P-value (.000) that the male teachers are more satisfied with the full command on subject. These results showed that male teachers were more agreed with “I have full command on subject matter” while female teachers were disagree with the statement
It was proved that male teachers are more satisfied with the present performance regarding Teaching Practices. These results showed that male and teachers were agreed with “I develop lesson plan based on student’s needs, development and progress and prior knowledge” While female teachers were remain neutral with statement
Summary
Education is considered as a basic necessity of rights of every person. In the process of education, the teacher holds an essential place. He has a vision as a nation builder, character manufacturer and spiritual father. It is the improvement and primary who helps in transmitting qualities held by the era. It is the educator, who contributes essentially in building the character of the people. Nations of the world can't advance and create without a quality education system. It is an actuality that a nation like Pakistan needs a lot of changes in its current instructive educational framework (Akhtar, 2011)
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