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題名 兩岸壽險業之共同邊界效率分析
The meta-frontier efficiency analysis of life insurance industry in Taiwan and mainland China
作者 謝宜蓁
貢獻者 李文福
謝宜蓁
關鍵詞 壽險公司
投入距離函數
隨機邊界法
共同邊界法
技術效率
日期 2009
上傳時間 8-Dec-2010 02:02:17 (UTC+8)
摘要 本文旨在探討台灣和大陸壽險公司的經營效率。由於台灣和大陸的環境背景、金融體制、經營理念等不同,使得兩岸壽險公司的生產技術水準也有所差異。本研究選擇25家台灣壽險公司和23家大陸壽險公司為研究對象,樣本期間為2003年到2008年。
     迴歸模型為translog型式的投入距離函數,將模型中的隨機干擾項給予適當假定,並放入環境變數作為影響技術無效率的因子,採用最大概似法進行估計。其次,利用Battese et al. (2004)的共同邊界生產模型,將共同邊界生產函數定義為,依據不同技術組別間的隨機邊界生產函數,包絡各組別隨機邊界的確定性部份,形成具包絡性質的共同邊界,並藉此估計出屬於兩岸壽險業的共同邊界,比較台灣和大陸壽險公司在技術缺口比及共同技術效率上是否有顯著差異。
     研究結果顯示:1. 台灣與大陸壽險公司的組別隨機邊界中,兩個組別在技術效率的表現上無顯著的差異。2. 台灣壽險公司的技術缺口比顯著的高於大陸,表示台灣壽險公司整體而言比較靠近共同生產邊界,隱含台灣的生產技術顯著優於中國大陸。3. 在共同邊界的技術效率中,台灣壽險公司的技術效率顯著的優於大陸壽險公司。
參考文獻 一、 中文文獻
財政部保險司及中央再保險公司(2003-2008) ,《保險年鑑》, 臺北市:財政部保險業務發展基金管理委員會。
台北市人壽保險商業同業公會(2003-2008) ,《台灣人壽保險業務統計年報》, 臺北市:財團法人保險事業發展中心。
中國保險年鑑編輯委員會(2003-2008) ,《中國保險年鑑》, 北京市:中國保險年鑒編委會。
邱郁芳(2006) ,「應用共同成本函數探討東亞六國銀行業之生產效率」, 淡江大學經濟研究所碩士論文。
黃旭男與吳國華(2001) ,「台灣地區壽險業經營績效之衡量」,《管理與系統》, 8, 401-420。
溫婉君(2009) ,「兩岸壽險業之效率與生產力分析」, 政治大學經濟研究所碩士論文。
戴錦周與王毓維(2003) , 「不同產出觀點和台灣壽險公司的成本效率之研究」 , 《臺灣土地金融季刊》, 40(3), 153-172。
二、 英文文獻
Aigner, D. J., C. A. K. Lovell and P. Schmidt (1977), “Formulation and Estimation of Stochastic Frontier Production Function Models,” Journal of Econometrics, 6, 21-37.
Battese, G.E. and T. J. Coelli (1992), “Frontier Production Functions, Technical Efficiency and Panel Data: With Application to Paddy Farmers in India,” Journal of Productivity Analysis, 3, 153-169.
Battese, G. E. and T. J. Coelli (1995), “A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data,” Empirical Economics, 20, 325-332.
Battese, G. E. and D. S. P. Rao (2002), “Technology Gap, Efficiency, and a Stochastic Metafrontier Function,” International Journal of Business and Economics, 1, 87-93.
Battese, G. E., D. S. P. Rao and C. J. O’Donnell (2004), “A Metafrontier Production Function for Estimation of Technical Efficiencies and Technology Gaps for Firms Operating Under Different Technologies,” Journal of Productivity Analysis, 21, 91-103.
Battese, G. E. and G. S. Corra (1977), “Estimation of Production Frontier Model: with Application to Pastoral Zone of Eastern Australia,” Australian Journal of Agricultural Economics, 21, 169-179.
Berger, A. N., J. D. Cummins and M. A. Weiss (1996), “The Coexistence of Multiple Distributions Systems for Financial Services: The Case of Property-Liability Insurance,” Working Paper, Wharton Financial Institutions Centers, University of Pennsylvania.
Cornwell, C., P. Schmidt and R.C. Sickles (1990), “Production Frontiers with Cross-Sectional and Time-Series Variation in Efficiency Level,” Journal of Econometrics, 46, 185-200.
Cuesta, R. A. and L. Orea (2002), “Mergers and Technical Efficiency in Spanish Saving Banks: A Stochastic Distance Function Approach,” Journal of Banking and Finance, 26(12), 2231-2247.
Cummins, J. D. and H. Zi (1998), “Comparison of Frontier Efficiency Methods:An Application to the U.S. Life Insurance Industry,” Journal of Productivity Analysis, 10, 131-152.
Cummins, J. D., S. Tennyson and M. A. Weiss (1999), “Consolidation and Efficiency in the U.S. Life Insurance Industry,” Journal of Banking & Finance, 23, 325-357.
Doherty, N. A., (1981), “The Measuring of Output and Economies of Scale in Property-Liability Insurance,” Journal of Risk and Insurance, 48, 391-402.
Färe, R. and D. Primont (1995), Multi-Output Production and Duality: Theory and Applications , Boston: Kluwer Academic Publishers.
Farrell, M. J. (1957), “The Measurement of Productive Efficiency,” Journal of the Royal Statistical Society. Series A, 120, 253-290.
Fukuyama, H. (1997), “Investigating Productive Efficiency and Productivity Changes of Japanese Life Insurance Companies,” Pacific-Basin Finance Journal, 5, 481-509.
Gardner, L. A. and M. F. Grace (1993), “X-Efficiency in the US Life Insurance Industry,” Journal of Banking and Finance, 17, 497-510.
Grace, M. F. and S. G. Timme (1992), “An Examination of Cost Economies in the United States Life Insurance Industry,” Journal of Risk and Insurance, 59, 72-103.
Greene, W. H. and D. Segal (2004), “Profitability and Efficiency in the U.S. Life Insurance Industry,” Journal of Productivity Analysis, 21, 229-247.
Hardwick, P. (1997), “Measuring Cost Efficiency in the UK Life Insurance Industry,” Applied Financial Economics, 7, 37-44.
Hayami, Y. (1969), “Sources of Agricultural Productivity Gap Among Selected Countries,” American Journal of Agricultural Economics, 51, 564-575.
Hayami, Y. and V. W. Ruttan (1970), “Agricultural productivity differences among countries,” American Economic Review, 60, 895-911.
Hayami, Y. and V. W. Ruttan (1971), “Agricultural Development: An International Perspective,” Baltimore: John Hopkins University Press.
Hirshhorn, R. and R. Geehan (1977), “Measuring the Real Output of the life insurance industry,” Review of Economics and Statistics, 49, 211-219.
Kumbhakar, S. C. (1990), “Production Frontiers, Panel Data, and Time-Varying Technical Inefficiency,” Journal of Econometrics, 46, 201-212.
Kumbhakar, S. C., S. Ghosh and J.T. McGuckin (1991), “A Generalized Production Frontier Approach for Estimating Determinants of Inefficiencies in U.S. Dairy Farms,” Journal of Business and Economics Statistics, 9, 279-286.
Kumbhakar, S.C. (2007), “Economic Reforms, Efficiency and Productivity in Chinese Banking”, Journal Regulation Economics, 32, 105-129.
Lau, L.J. and P.A. Yotopoulos (1989), “The Meta-Production Function Approach to Technological Change in World Agriculture,” Journal of Development Economics, 31, 241-269.
Meeusen, and J. van den Broeck (1977), “Efficiency Estimation From Cobb-Douglas Production Functions with Composed Error,” International Economic Review, 18, 435-444.
Mundlak Y. and R. Hellinghausen (1982), “The Intercountry Agricultural Production Function: Another view,” American Journal of Agricultural Economics, 64, 664-672.
Rao, D. S. P. (2006), “Metafrontier Frameworks for the Study of Firm-Level Efficiencies and Technology Gaps,” Conference on Productivity and Efficiency, 21- 49.
Reifschneider, D. and R. Stevenson (1991), “Systematic Departures from the Frontier: A Framework for the Analysis of Firm Inefficiency,” International Economic Review, 32, 715-723.
Sharma, K.R. and P. S. Leung (2000), “Technical Efficiency of Carp Pond Culture in South Asia: An Application of Stochastic Meta-Production Frontier Model,” Aquaculture Economics and Management, 4, 169-189.
Shephard, R. W. (1970), Theory of Cost and Production Functions, Princeton University Press, Princeton.
Weiss, M. A. (1986), “Analysis of Productivity at the Firm Level: An Application to Life Insurers,” Journal of Risk and Insurance, 53, 49-83.
Yuengert, A. M. (1993), “The Measurement of Efficiency in Life Insurance:Estimates of a Mixed Normal-Gamma Error Model,” Journal of Banking and Finance, 17, 483-496.
描述 碩士
國立政治大學
經濟學系
97258015
98
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0097258015
資料類型 thesis
dc.contributor.advisor 李文福zh_TW
dc.contributor.author (Authors) 謝宜蓁zh_TW
dc.creator (作者) 謝宜蓁zh_TW
dc.date (日期) 2009en_US
dc.date.accessioned 8-Dec-2010 02:02:17 (UTC+8)-
dc.date.available 8-Dec-2010 02:02:17 (UTC+8)-
dc.date.issued (上傳時間) 8-Dec-2010 02:02:17 (UTC+8)-
dc.identifier (Other Identifiers) G0097258015en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/49224-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 經濟學系zh_TW
dc.description (描述) 97258015zh_TW
dc.description (描述) 98zh_TW
dc.description.abstract (摘要) 本文旨在探討台灣和大陸壽險公司的經營效率。由於台灣和大陸的環境背景、金融體制、經營理念等不同,使得兩岸壽險公司的生產技術水準也有所差異。本研究選擇25家台灣壽險公司和23家大陸壽險公司為研究對象,樣本期間為2003年到2008年。
     迴歸模型為translog型式的投入距離函數,將模型中的隨機干擾項給予適當假定,並放入環境變數作為影響技術無效率的因子,採用最大概似法進行估計。其次,利用Battese et al. (2004)的共同邊界生產模型,將共同邊界生產函數定義為,依據不同技術組別間的隨機邊界生產函數,包絡各組別隨機邊界的確定性部份,形成具包絡性質的共同邊界,並藉此估計出屬於兩岸壽險業的共同邊界,比較台灣和大陸壽險公司在技術缺口比及共同技術效率上是否有顯著差異。
     研究結果顯示:1. 台灣與大陸壽險公司的組別隨機邊界中,兩個組別在技術效率的表現上無顯著的差異。2. 台灣壽險公司的技術缺口比顯著的高於大陸,表示台灣壽險公司整體而言比較靠近共同生產邊界,隱含台灣的生產技術顯著優於中國大陸。3. 在共同邊界的技術效率中,台灣壽險公司的技術效率顯著的優於大陸壽險公司。
zh_TW
dc.description.tableofcontents 第一章 緒論 1
     第一節 研究背景與動機 1
     第二節 研究目的 3
     第三節 研究範圍與限制 4
     第四節 研究內容與架構 4
     第二章 產業概況與文獻回顧 6
     第一節 台灣壽險業經營環境概述 6
     第二節 大陸壽險業經營環境概述 8
     第三節 壽險業技術效率相關文獻 11
     第三章 研究方法 15
     第一節 隨機邊界法 15
     第二節 共同邊界法 21
     第四章 實證結果分析 27
     第一節 研究樣本與變數選取 27
     第二節 隨機邊界模型結果 33
     第三節 共同邊界分析結果 38
     第五章 結論與建議 46
     第一節 結論 46
     第二節 未來研究建議 47
     參考文獻 49
     附錄 53
zh_TW
dc.language.iso en_US-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0097258015en_US
dc.subject (關鍵詞) 壽險公司zh_TW
dc.subject (關鍵詞) 投入距離函數zh_TW
dc.subject (關鍵詞) 隨機邊界法zh_TW
dc.subject (關鍵詞) 共同邊界法zh_TW
dc.subject (關鍵詞) 技術效率zh_TW
dc.title (題名) 兩岸壽險業之共同邊界效率分析zh_TW
dc.title (題名) The meta-frontier efficiency analysis of life insurance industry in Taiwan and mainland Chinaen_US
dc.type (資料類型) thesisen
dc.relation.reference (參考文獻) 一、 中文文獻zh_TW
dc.relation.reference (參考文獻) 財政部保險司及中央再保險公司(2003-2008) ,《保險年鑑》, 臺北市:財政部保險業務發展基金管理委員會。zh_TW
dc.relation.reference (參考文獻) 台北市人壽保險商業同業公會(2003-2008) ,《台灣人壽保險業務統計年報》, 臺北市:財團法人保險事業發展中心。zh_TW
dc.relation.reference (參考文獻) 中國保險年鑑編輯委員會(2003-2008) ,《中國保險年鑑》, 北京市:中國保險年鑒編委會。zh_TW
dc.relation.reference (參考文獻) 邱郁芳(2006) ,「應用共同成本函數探討東亞六國銀行業之生產效率」, 淡江大學經濟研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 黃旭男與吳國華(2001) ,「台灣地區壽險業經營績效之衡量」,《管理與系統》, 8, 401-420。zh_TW
dc.relation.reference (參考文獻) 溫婉君(2009) ,「兩岸壽險業之效率與生產力分析」, 政治大學經濟研究所碩士論文。zh_TW
dc.relation.reference (參考文獻) 戴錦周與王毓維(2003) , 「不同產出觀點和台灣壽險公司的成本效率之研究」 , 《臺灣土地金融季刊》, 40(3), 153-172。zh_TW
dc.relation.reference (參考文獻) 二、 英文文獻zh_TW
dc.relation.reference (參考文獻) Aigner, D. J., C. A. K. Lovell and P. Schmidt (1977), “Formulation and Estimation of Stochastic Frontier Production Function Models,” Journal of Econometrics, 6, 21-37.zh_TW
dc.relation.reference (參考文獻) Battese, G.E. and T. J. Coelli (1992), “Frontier Production Functions, Technical Efficiency and Panel Data: With Application to Paddy Farmers in India,” Journal of Productivity Analysis, 3, 153-169.zh_TW
dc.relation.reference (參考文獻) Battese, G. E. and T. J. Coelli (1995), “A Model for Technical Inefficiency Effects in a Stochastic Frontier Production Function for Panel Data,” Empirical Economics, 20, 325-332.zh_TW
dc.relation.reference (參考文獻) Battese, G. E. and D. S. P. Rao (2002), “Technology Gap, Efficiency, and a Stochastic Metafrontier Function,” International Journal of Business and Economics, 1, 87-93.zh_TW
dc.relation.reference (參考文獻) Battese, G. E., D. S. P. Rao and C. J. O’Donnell (2004), “A Metafrontier Production Function for Estimation of Technical Efficiencies and Technology Gaps for Firms Operating Under Different Technologies,” Journal of Productivity Analysis, 21, 91-103.zh_TW
dc.relation.reference (參考文獻) Battese, G. E. and G. S. Corra (1977), “Estimation of Production Frontier Model: with Application to Pastoral Zone of Eastern Australia,” Australian Journal of Agricultural Economics, 21, 169-179.zh_TW
dc.relation.reference (參考文獻) Berger, A. N., J. D. Cummins and M. A. Weiss (1996), “The Coexistence of Multiple Distributions Systems for Financial Services: The Case of Property-Liability Insurance,” Working Paper, Wharton Financial Institutions Centers, University of Pennsylvania.zh_TW
dc.relation.reference (參考文獻) Cornwell, C., P. Schmidt and R.C. Sickles (1990), “Production Frontiers with Cross-Sectional and Time-Series Variation in Efficiency Level,” Journal of Econometrics, 46, 185-200.zh_TW
dc.relation.reference (參考文獻) Cuesta, R. A. and L. Orea (2002), “Mergers and Technical Efficiency in Spanish Saving Banks: A Stochastic Distance Function Approach,” Journal of Banking and Finance, 26(12), 2231-2247.zh_TW
dc.relation.reference (參考文獻) Cummins, J. D. and H. Zi (1998), “Comparison of Frontier Efficiency Methods:An Application to the U.S. Life Insurance Industry,” Journal of Productivity Analysis, 10, 131-152.zh_TW
dc.relation.reference (參考文獻) Cummins, J. D., S. Tennyson and M. A. Weiss (1999), “Consolidation and Efficiency in the U.S. Life Insurance Industry,” Journal of Banking & Finance, 23, 325-357.zh_TW
dc.relation.reference (參考文獻) Doherty, N. A., (1981), “The Measuring of Output and Economies of Scale in Property-Liability Insurance,” Journal of Risk and Insurance, 48, 391-402.zh_TW
dc.relation.reference (參考文獻) Färe, R. and D. Primont (1995), Multi-Output Production and Duality: Theory and Applications , Boston: Kluwer Academic Publishers.zh_TW
dc.relation.reference (參考文獻) Farrell, M. J. (1957), “The Measurement of Productive Efficiency,” Journal of the Royal Statistical Society. Series A, 120, 253-290.zh_TW
dc.relation.reference (參考文獻) Fukuyama, H. (1997), “Investigating Productive Efficiency and Productivity Changes of Japanese Life Insurance Companies,” Pacific-Basin Finance Journal, 5, 481-509.zh_TW
dc.relation.reference (參考文獻) Gardner, L. A. and M. F. Grace (1993), “X-Efficiency in the US Life Insurance Industry,” Journal of Banking and Finance, 17, 497-510.zh_TW
dc.relation.reference (參考文獻) Grace, M. F. and S. G. Timme (1992), “An Examination of Cost Economies in the United States Life Insurance Industry,” Journal of Risk and Insurance, 59, 72-103.zh_TW
dc.relation.reference (參考文獻) Greene, W. H. and D. Segal (2004), “Profitability and Efficiency in the U.S. Life Insurance Industry,” Journal of Productivity Analysis, 21, 229-247.zh_TW
dc.relation.reference (參考文獻) Hardwick, P. (1997), “Measuring Cost Efficiency in the UK Life Insurance Industry,” Applied Financial Economics, 7, 37-44.zh_TW
dc.relation.reference (參考文獻) Hayami, Y. (1969), “Sources of Agricultural Productivity Gap Among Selected Countries,” American Journal of Agricultural Economics, 51, 564-575.zh_TW
dc.relation.reference (參考文獻) Hayami, Y. and V. W. Ruttan (1970), “Agricultural productivity differences among countries,” American Economic Review, 60, 895-911.zh_TW
dc.relation.reference (參考文獻) Hayami, Y. and V. W. Ruttan (1971), “Agricultural Development: An International Perspective,” Baltimore: John Hopkins University Press.zh_TW
dc.relation.reference (參考文獻) Hirshhorn, R. and R. Geehan (1977), “Measuring the Real Output of the life insurance industry,” Review of Economics and Statistics, 49, 211-219.zh_TW
dc.relation.reference (參考文獻) Kumbhakar, S. C. (1990), “Production Frontiers, Panel Data, and Time-Varying Technical Inefficiency,” Journal of Econometrics, 46, 201-212.zh_TW
dc.relation.reference (參考文獻) Kumbhakar, S. C., S. Ghosh and J.T. McGuckin (1991), “A Generalized Production Frontier Approach for Estimating Determinants of Inefficiencies in U.S. Dairy Farms,” Journal of Business and Economics Statistics, 9, 279-286.zh_TW
dc.relation.reference (參考文獻) Kumbhakar, S.C. (2007), “Economic Reforms, Efficiency and Productivity in Chinese Banking”, Journal Regulation Economics, 32, 105-129.zh_TW
dc.relation.reference (參考文獻) Lau, L.J. and P.A. Yotopoulos (1989), “The Meta-Production Function Approach to Technological Change in World Agriculture,” Journal of Development Economics, 31, 241-269.zh_TW
dc.relation.reference (參考文獻) Meeusen, and J. van den Broeck (1977), “Efficiency Estimation From Cobb-Douglas Production Functions with Composed Error,” International Economic Review, 18, 435-444.zh_TW
dc.relation.reference (參考文獻) Mundlak Y. and R. Hellinghausen (1982), “The Intercountry Agricultural Production Function: Another view,” American Journal of Agricultural Economics, 64, 664-672.zh_TW
dc.relation.reference (參考文獻) Rao, D. S. P. (2006), “Metafrontier Frameworks for the Study of Firm-Level Efficiencies and Technology Gaps,” Conference on Productivity and Efficiency, 21- 49.zh_TW
dc.relation.reference (參考文獻) Reifschneider, D. and R. Stevenson (1991), “Systematic Departures from the Frontier: A Framework for the Analysis of Firm Inefficiency,” International Economic Review, 32, 715-723.zh_TW
dc.relation.reference (參考文獻) Sharma, K.R. and P. S. Leung (2000), “Technical Efficiency of Carp Pond Culture in South Asia: An Application of Stochastic Meta-Production Frontier Model,” Aquaculture Economics and Management, 4, 169-189.zh_TW
dc.relation.reference (參考文獻) Shephard, R. W. (1970), Theory of Cost and Production Functions, Princeton University Press, Princeton.zh_TW
dc.relation.reference (參考文獻) Weiss, M. A. (1986), “Analysis of Productivity at the Firm Level: An Application to Life Insurers,” Journal of Risk and Insurance, 53, 49-83.zh_TW
dc.relation.reference (參考文獻) Yuengert, A. M. (1993), “The Measurement of Efficiency in Life Insurance:Estimates of a Mixed Normal-Gamma Error Model,” Journal of Banking and Finance, 17, 483-496.zh_TW