Managerial ability plays a vital role in the performance of business enterprises; however, such efforts are not directly observable. This study estimates managerial ability within the insurance sector of the economy based on two data sets from two different Asian countries. We estimate...

The paper compares 15 life insurance companies operating in India for 2005-06 to 2008-09 using the old and new revenue maximizing approach. The difference between the two approaches lies in the specification of the production possibility set. In both the approaches, only the Life Insurance...