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Total Factor Productivity Growth in the Canadian Life Insurance Industry: 1979-1989

Bernstein, Jeffrey I. - National Bureau of Economic Research (NBER) - 1998

This is the first paper to directly measure and decompose total factor productivity growth (TFPG) for the Canadian life insurance industry. TFPG averaged 1.0 percent per year over the period from 1979 to 1989, thereby outperforming many manufacturing industries. The rate of TFPG was 0.2 percent...

Persistent link: https://www.econbiz.de/10005718629

Efficiency of Insurance Firms with Endogenous Risk Management and Financial Intermediation Activities

Cummins, J. David; Dionne, Georges; Gagné, Robert; … - Centre Interuniversitaire sur le Risque, les Politiques … - 2006

test how risk management and financial intermediation activities create value for insurers by enhancing economic efficiency …. Insurer cost efficiency is measured relative to an econometric cost function. Since the prices of risk management and … cost efficiency. The econometric results show that both activities significantly increase the efficiency of the property …

Persistent link: https://www.econbiz.de/10005795976

The Effects of Liberalization and Deregulation on the Performance of Financial Institutions: The Case of the German Life Insurance Market

Gamarra, Lucinda Trigo - Institut für Volkswirtschaftlehre, Universität Rostock - 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/10004988464

Türkiye''deki Hayat Dışı Sigorta Şirketlerinin Veri Zarflama Analizi Tekniği İle Göreli Etkinlik Değerlendirmesi

SEZEN, Bülent; İNCE, Hüseyin; AREN, Selim - In: Iktisat Isletme ve Finans 20 (2005) 236, pp. 87-95

Bu çalışmada Türkiye’deki hayat-dışı sigorta şirketlerinin 1998 – 2003 yılları arasında göreli etkinlikleri incelenmiş ve bunun için veri zarflama analizinden yararlanılmıştır. Sigorta şirketlerinin veri zarflama analizi ile elde edilen etkinlik değerlerinin deprem ve...

Persistent link: https://www.econbiz.de/10005651098

Production and insurance under regret aversion

Wong, Kit Pong - In: Economic Modelling 29 (2012) 4, pp. 1154-1160

This paper examines the behavior of a regret-averse producer facing revenue risk. To insure against the revenue risk, the producer can purchase a coinsurance contract with an endogenously chosen coinsurance rate. Regret-averse preferences are characterized by a utility function that includes...

Persistent link: https://www.econbiz.de/10010573286

Technical, allocative and cost efficiency in the Australian general insurance industry

Worthington, Andrew C.; Hurley, Emily V. - School of Economics and Finance, Business School - 2000

Data envelopment analysis is used to calculate technical, allocative and cost efficiency indices for a sample of fifty … uses limited dependent variable regression techniques to relate efficiency scores to financial and non …-financial information. Cost efficiency appears to be closely related to asset size, the proportion of non-premium income, and participation …

Persistent link: https://www.econbiz.de/10005635672

Agricultural Decisions after Relaxing Credit and Risk Constraints

Karlan, Dean S.; Osei, Robert; Osei-Akoto, Isaac; Udry, … - C.E.P.R. Discussion Papers - 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/10011083318

The efficiency of the European non-life insurance : CEO power, macroeconomic, and market characteristics impact

Bahloul, Walid; Bouri, Abdelfettah - In: International Journal of Financial Studies : open … 4 (2016) 1, pp. 1-13

A numbers of studies focusing on the determinant of the insurance market efficiency haveincreased in the last decade …. In fact, many factors, like the CEO's power, can influence the efficiency in the insurance firm. The purpose of this … research is to analyze the relationship between efficiency, measured by the cost function using the stochastic frontier …

Persistent link: https://www.econbiz.de/10011474418

Efficiency, market structure and performance of the insurance industry in an emerging economy

Ofori-Boateng, Kenneth; Ohemeng, Williams; Boro, Ernest … - In: Cogent economics & finance 10 (2022) 1, pp. 1-14

This paper investigated the structure of the market, efficiency and performance (profitability) of the general … Herfindahl Hirschman Index and the concentration ratio to measure the SCP in addition to computing efficiency as a measure for …

Persistent link: https://www.econbiz.de/10013460036

Sustainable metamorphosis : examining sustainability transformation into value of financial institutions

Lapinskaitė, Indrė; Skvarciany, Viktorija - In: Journal of business economics and management 24 (2023) 5, pp. 923-938

landscape. This research aims to evaluate the efficiency of converting sustainable development outcomes, quantified through ESG …. The results reveal that only one financial institution has an efficiency score of 1, signifying a notable efficiency level …. Most financial institutions in the dataset possess efficiency scores (represented by theta) below 0.1, indicating a …

Persistent link: https://www.econbiz.de/10014460414