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The effects of liberalization and deregulation on the performance of financial institutions: The case of the German life insurance market
Trigo Gamarra, Lucinda - 2008
markets of the member states aiming at an increased efficiency of the European insurance markets. We analyze to which extent … changes in technical cost and profit efficiency levels since the liberalization, as well as a measurement of technological … change. Technical cost efficiency levels are estimated by applying a stochastic 'true' fixed effects distance frontier …
Persistent link: https://www.econbiz.de/10010319259
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The effects of liberalization and deregulation on the performance of financial institutions : the case of the German life insurance market
Trigo Gamarra, Lucinda - 2008
markets of the member states aiming at an increased efficiency of the European insurance markets. We analyze to which extent … changes in technical cost and profit efficiency levels since the liberalization, as well as a measurement of technological … change. Technical cost efficiency levels are estimated by applying a stochastic "true" fixed effects distance frontier …
Persistent link: https://www.econbiz.de/10003886293
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Agricultural decisions after relaxing credit and risk constraints
Karlan, Dean; Osei-Akoto, Isaac; Osei, Robert Darko; … - 2012
The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana in...
Persistent link: https://www.econbiz.de/10009658902
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A Comparative Application of Alternative DEA Models in Selecting Efficient Large Cap Market Securities in India
Sahoo, Biresh - 2012
are summarized as follows. First, there is a fall in average efficiency score across models from Do (x,y) to SBMo (x,y) to … suggesting a wider range of variation in efficiency scores in SBM (x,y). Second, the top and bottom 19 companies are found from …
Persistent link: https://www.econbiz.de/10013097877
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Agricultural Decisions after Relaxing Credit and Risk Constraints
Karlan, Dean S. - 2013
The investment decisions of small‐scale farmers in developing countries are conditioned by their financial environment. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We conducted several experiments in northern Ghana...
Persistent link: https://www.econbiz.de/10013089789
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Self-Financing Development
Turnbull, Shann - 2007
This paper outlines (i) a theoretical framework for designing institutions to facilitate self-financing economic development and (ii) institutional arrangements for establishing self-financing development. The framework introduces the concepts of: (i) quot;procreativequot; assets that generate...
Persistent link: https://www.econbiz.de/10012731076
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Capital Depreciation and the Underdetermination of Rate of Return : A Unifying Perspective
Magni, Carlo Alberto - 2017
This paper shows that the notion of rate of return is best understood through the lens of the average-internal-rate-of-return (AIRR) model, first introduced in Magni (2010a). It is an NPV-consistent approach based on a coherent definition of rate of return and on the notion of Chisini mean, it...
Persistent link: https://www.econbiz.de/10012962027
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The (Mis)Alignment of Health Insurers’ Efficiency Measures from Different Perspectives and Their (Un)Linkage with Financial Ratios and Asset Allocation
Yang, Charles C. - 2017
This research uses Data Envelopment Analysis (DEA) models to examine the alignment of health insurers' efficiency … measures from different perspectives. It also analyzes the linkage between efficiency measures and asset allocation as well as … traditional financial ratios including medical loss ratio (MLR). The DEA results indicate that the operating efficiency and the …
Persistent link: https://www.econbiz.de/10012942027
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Competition, Efficiency, and Soundness in European Life Insurance Markets
Cummins, J David - 2017
to efficient ones,our results suggest that efficiency is the mechanism through which competition contributes to insurer …
Persistent link: https://www.econbiz.de/10012969026
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INTEGRATION AND CONVERGENCE IN EFFICIENCY AND TECHNOLOGY GAP OF EUROPEAN LIFE INSURANCE MARKETS
Cummins, J David - 2020
efficiency and in technology gap of European Union (EU) insurance markets. We evaluate 10 EU life insurance markets over the … period 1998-2014. Results show convergence in cost/revenue efficiency among major EU life insurance markets during the sample … global financial crisis has led to a slowdown in the progress of integration and convergence in efficiency and technology gap …
Persistent link: https://www.econbiz.de/10012854316