Impact of Ownership Structure and Business Diversifications on the Risk-Taking Behaviors of Insurance Companies in Vietnam

This study analyzes the impacts of ownership structure and business diversifications on risk-taking behaviors insurance companies in Vietnam. Foreign institutional sector are increasing significantly due to privatization trend Besides, diversification allows firms maximize profits reduce insolvency. Therefore, this enriches current literature because it is first examine how affect We employ Ordinary Least Squares, Fixed Effect Models, Random Generalized dynamic system Methods Moments analyze 42 from 2005 2020. Our findings indicate that increases firms. also figure out a U-shaped relationship between behavior, with turning point 9.8%. indicates an inverse foreign insurers’ behaviors, 20%. Thirdly, interaction terms suggest moderate role risk align agency theory, stakeholder monitoring hypothesis, expropriation prior literature. contributes practical implications for managers policymakers develop sustainably.