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https://ah.lib.nccu.edu.tw/handle/140.119/73759
題名: | Conversion and Efficiency Performance Changes: Evidence from the U.S Property-Liability Insurance Industry | 作者: | 王儷玲;Chen, Lih-Ru;Lai, Gene C | 貢獻者: | 風管系 | 日期: | Mar-2010 | 上傳時間: | 11-Mar-2015 | 摘要: | This study investigates whether the conversion of U.S. property-liability insurers improves their efficiency performance before and after the conversion. We estimate relative efficiency of converting insurers and control insurers using data envelopment analysis. The Malmquist analysis is also used to measure changes in efficiency pre- and post-conversion. The evidence shows that converting insurers experience larger gains in cost efficiency and total productivity change than mutual control insurers before conversion. In addition, the empirical results indicate that converting insurers improve efficiency after conversion. These results are robust with respect to both the value-added and the financial intermediary approaches. The overall results support the efficiency hypothesis proposed by Mayers and Smith | 關聯: | The Geneva Risk and Insurance Review,36(1),1-35 | 資料類型: | article |
Appears in Collections: | 期刊論文 |
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