Efficiency of Life Insurance Companies: An Empirical Study in Mainland China and Taiwan
Author
Abstract
Suggested Citation
DOI: 10.1177/2158244020902060
Download full text from publisher
References listed on IDEAS
- William W. Cooper & Lawrence M. Seiford & Joe Zhu (ed.), 2011. "Handbook on Data Envelopment Analysis," International Series in Operations Research and Management Science, Springer, number 978-1-4419-6151-8, January.
- Kao, Chiang, 2009. "Efficiency decomposition in network data envelopment analysis: A relational model," European Journal of Operational Research, Elsevier, vol. 192(3), pages 949-962, February.
- Hao, James C.J. & Chou, Lin-Yhi, 2005. "The estimation of efficiency for life insurance industry: The case in Taiwan," Journal of Asian Economics, Elsevier, vol. 16(5), pages 847-860, October.
- Chen, Ying-Hsiu & Lai, Po-Lin & Piboonrungroj, Pairach, 2017. "The relationship between airport performance and privatisation policy: A nonparametric metafrontier approach," Journal of Transport Geography, Elsevier, vol. 62(C), pages 229-235.
- Po-Chi Chen & Ching-Cheng Chang & Chih-Li Lai, 2014. "Incentive regulation and performance measurement of Taiwan’s incineration plants: an application of the four-stage DEA method," Journal of Productivity Analysis, Springer, vol. 41(2), pages 277-290, April.
- Franz Hahn, 2007.
"Environmental determinants of banking efficiency in Austria,"
Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 34(3), pages 231-245, July.
- Franz R. Hahn, 2005. "Environmental Determinants of Banking Efficiency in Austria," WIFO Working Papers 245, WIFO.
- Bi, Gong-Bing & Song, Wen & Zhou, P. & Liang, Liang, 2014. "Does environmental regulation affect energy efficiency in China's thermal power generation? Empirical evidence from a slacks-based DEA model," Energy Policy, Elsevier, vol. 66(C), pages 537-546.
- Lee, Chien-Chiang & Lee, Chi-Chuan & Chiu, Yi-Bin, 2013. "The link between life insurance activities and economic growth: Some new evidence," Journal of International Money and Finance, Elsevier, vol. 32(C), pages 405-427.
- Alexandra Medina-Borja & Konstantinos Triantis, 2014. "Modeling social services performance: a four-stage DEA approach to evaluate fundraising efficiency, capacity building, service quality, and effectiveness in the nonprofit sector," Annals of Operations Research, Springer, vol. 221(1), pages 285-307, October.
- Kao, Chiang & Hwang, Shiuh-Nan, 2008. "Efficiency decomposition in two-stage data envelopment analysis: An application to non-life insurance companies in Taiwan," European Journal of Operational Research, Elsevier, vol. 185(1), pages 418-429, February.
- Kaoru Tone & Miki Tsutsui, 2014. "Slacks-Based Network DEA," International Series in Operations Research & Management Science, in: Wade D. Cook & Joe Zhu (ed.), Data Envelopment Analysis, edition 127, chapter 0, pages 231-259, Springer.
- Christopher O’Donnell & D. Rao & George Battese, 2008. "Metafrontier frameworks for the study of firm-level efficiencies and technology ratios," Empirical Economics, Springer, vol. 34(2), pages 231-255, March.
- Ro-Kyung Park & Prabir De, 2004. "An Alternative Approach to Efficiency Measurement of Seaports," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 6(1), pages 53-69, March.
- Peter Haiss & Kjell Sümegi, 2008. "The relationship between insurance and economic growth in Europe: a theoretical and empirical analysis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 35(4), pages 405-431, September.
- Kao, Chiang, 2014. "Network data envelopment analysis: A review," European Journal of Operational Research, Elsevier, vol. 239(1), pages 1-16.
- Yu, Ming-Miin, 2010. "Assessment of airport performance using the SBM-NDEA model," Omega, Elsevier, vol. 38(6), pages 440-452, December.
- Cummins, J. David & Weiss, Mary A. & Xie, Xiaoying & Zi, Hongmin, 2010. "Economies of scope in financial services: A DEA efficiency analysis of the US insurance industry," Journal of Banking & Finance, Elsevier, vol. 34(7), pages 1525-1539, July.
- J-L Hu & C-Y Fang, 2010. "Do market share and efficiency matter for each other? An application of the zero-sum gains data envelopment analysis," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(4), pages 647-657, April.
- Gardner, Lisa A. & Grace, Martin F., 1993. "X-Efficiency in the US life insurance industry," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 497-510, April.
- Andrew M. Yuengert, 1993. "The measurement of efficiency in life insurance estimates of a mixed normal-gamma error model," Research Paper 9308, Federal Reserve Bank of New York.
- J M Cordero-Ferrera & F Pedraja-Chaparro & D Santín-González, 2010. "Enhancing the inclusion of non-discretionary inputs in DEA," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 61(4), pages 574-584, April.
- Berger, Allen N. & Hancock, Diana & Humphrey, David B., 1993.
"Bank efficiency derived from the profit function,"
Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 317-347, April.
- Allen N. Berger & Diana Hancock & David B. Humphrey, 1992. "Bank efficiency derived from a profit function," Finance and Economics Discussion Series 211, Board of Governors of the Federal Reserve System (U.S.).
- Harold Fried & Shelton Schmidt & Suthathip Yaisawarng, 1999. "Incorporating the Operating Environment Into a Nonparametric Measure of Technical Efficiency," Journal of Productivity Analysis, Springer, vol. 12(3), pages 249-267, November.
- Morita, Hiroshi & Hirokawa, Koichiro & Zhu, Joe, 2005. "A slack-based measure of efficiency in context-dependent data envelopment analysis," Omega, Elsevier, vol. 33(4), pages 357-362, August.
- Avkiran, Necmi K., 2009. "Removing the impact of environment with units-invariant efficient frontier analysis: An illustrative case study with intertemporal panel data," Omega, Elsevier, vol. 37(3), pages 535-544, June.
- Simar, Leopold & Wilson, Paul W., 2007. "Estimation and inference in two-stage, semi-parametric models of production processes," Journal of Econometrics, Elsevier, vol. 136(1), pages 31-64, January.
- Kaoru Tone, 2011. "Slacks-Based Measure of Efficiency," International Series in Operations Research & Management Science, in: William W. Cooper & Lawrence M. Seiford & Joe Zhu (ed.), Handbook on Data Envelopment Analysis, chapter 0, pages 195-209, Springer.
- Jung Ho Park & Kwangsoo Shin, 2018. "Efficiency of Government-Sponsored R&D Projects: A Metafrontier DEA Approach," Sustainability, MDPI, vol. 10(7), pages 1-17, July.
- Zhou, Peng & Poh, Kim Leng & Ang, Beng Wah, 2007. "A non-radial DEA approach to measuring environmental performance," European Journal of Operational Research, Elsevier, vol. 178(1), pages 1-9, April.
- Eling, Martin & Luhnen, Michael, 2010. "Efficiency in the international insurance industry: A cross-country comparison," Journal of Banking & Finance, Elsevier, vol. 34(7), pages 1497-1509, July.
- Thorsten Beck & Ian Webb, 2003. "Economic, Demographic, and Institutional Determinants of Life Insurance Consumption across Countries," The World Bank Economic Review, World Bank, vol. 17(1), pages 51-88, June.
- Kao, Chiang, 2014. "Efficiency decomposition in network data envelopment analysis with slacks-based measures," Omega, Elsevier, vol. 45(C), pages 1-6.
- George Battese & D. Rao & Christopher 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, Springer, vol. 21(1), pages 91-103, January.
- Yuengert, Andrew M., 1993. "The measurement of efficiency in life insurance: Estimates of a mixed normal-gamma error model," Journal of Banking & Finance, Elsevier, vol. 17(2-3), pages 483-496, April.
- Cook, Wade D. & Zhu, Joe & Bi, Gongbing & Yang, Feng, 2010. "Network DEA: Additive efficiency decomposition," European Journal of Operational Research, Elsevier, vol. 207(2), pages 1122-1129, December.
- Zhou, P. & Ang, B.W. & Wang, H., 2012. "Energy and CO2 emission performance in electricity generation: A non-radial directional distance function approach," European Journal of Operational Research, Elsevier, vol. 221(3), pages 625-635.
- Wenlong Bian & Xiangnan Wang, 2019. "The openness of China’s insurance industry and the efficiency of domestic vs. foreign life insurers," Asia-Pacific Journal of Accounting & Economics, Taylor & Francis Journals, vol. 26(6), pages 731-746, November.
- Tone, Kaoru, 2001. "A slacks-based measure of efficiency in data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 130(3), pages 498-509, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Garima Sharma & Pravin Kumar, 2021. "An Analysis of Causal Relationships Among the Factors Affecting the Performance of a Service Organization," SAGE Open, , vol. 11(1), pages 21582440219, March.
- Davide Lanfranchi & Laura Grassi, 2021. "Translating technological innovation into efficiency: the case of US public P&C insurance companies," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(4), pages 565-585, December.
- Huang-Ping Yen & Po-Chi Chen & Kung-Cheng Ho, 2021. "Analyzing Destination Accessibility From the Perspective of Efficiency Among Tourism Origin Countries," SAGE Open, , vol. 11(2), pages 21582440211, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Liu, John S. & Lu, Louis Y.Y. & Lu, Wen-Min, 2016. "Research fronts in data envelopment analysis," Omega, Elsevier, vol. 58(C), pages 33-45.
- Basri Savitha & Subrato Banerjee & Ankitha Shetty, 2019. "Product diversification versus technical efficiency of conglomerate life microinsurance companies: evidence from India," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 44(3), pages 527-547, July.
- Chen, Ya & Li, Yongjun & Liang, Liang & Salo, Ahti & Wu, Huaqing, 2016. "Frontier projection and efficiency decomposition in two-stage processes with slacks-based measures," European Journal of Operational Research, Elsevier, vol. 250(2), pages 543-554.
- Chrysovalantis Gaganis & Iftekhar Hasan & Fotios Pasiouras, 2013.
"Efficiency and stock returns: evidence from the insurance industry,"
Journal of Productivity Analysis, Springer, vol. 40(3), pages 429-442, December.
- Gaganis, Chrysovalantis & Hasan, Iftekhar & Pasiouras, Fotios, 2013. "Efficiency and stock returns: evidence from the insurance industry," Bank of Finland Research Discussion Papers 14/2013, Bank of Finland.
- Mohammad Nourani & Qian Long Kweh & Irene Wei Kiong Ting & Wen-Min Lu & Anna Strutt, 2022. "Evaluating traditional, dynamic and network business models: an efficiency-based study of Chinese insurance companies," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 47(4), pages 905-943, October.
- Yongqi Feng & Haolin Zhang & Yung-ho Chiu & Tzu-Han Chang, 2021. "Innovation efficiency and the impact of the institutional quality: a cross-country analysis using the two-stage meta-frontier dynamic network DEA model," Scientometrics, Springer;Akadémiai Kiadó, vol. 126(4), pages 3091-3129, April.
- Kaffash, Sepideh & Azizi, Roza & Huang, Ying & Zhu, Joe, 2020. "A survey of data envelopment analysis applications in the insurance industry 1993–2018," European Journal of Operational Research, Elsevier, vol. 284(3), pages 801-813.
- Hsiao-Yen Mao & Wen-Min Lu & Hsin-Yen Shieh, 2023. "Exploring the Influence of Environmental Investment on Multinational Enterprises’ Performance from the Sustainability and Marketability Efficiency Perspectives," Sustainability, MDPI, vol. 15(10), pages 1-23, May.
- Long, Xingle & Wu, Chao & Zhang, Jijian & Zhang, Jing, 2018. "Environmental efficiency for 192 thermal power plants in the Yangtze River Delta considering heterogeneity: A metafrontier directional slacks-based measure approach," Renewable and Sustainable Energy Reviews, Elsevier, vol. 82(P3), pages 3962-3971.
- Kao, Chiang, 2020. "Decomposition of slacks-based efficiency measures in network data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 283(2), pages 588-600.
- Biener, Christian & Eling, Martin & Wirfs, Jan Hendrik, 2016.
"The determinants of efficiency and productivity in the Swiss insurance industry,"
European Journal of Operational Research, Elsevier, vol. 248(2), pages 703-714.
- Biener, Christian & Eling, Martin & Wirfs, Jan Hendrik, 2015. "The Determinants of Efficiency and Productivity in the Swiss Insurance Industry," Working Papers on Finance 1502, University of St. Gallen, School of Finance.
- Chen, Kaihua, 2014. "Measuring and decomposing the overall efficiency of multi-period and -division systems associated with DEA," MPRA Paper 55073, University Library of Munich, Germany.
- repec:zbw:bofrdp:2013_014 is not listed on IDEAS
- Kao, Chiang, 2019. "Inefficiency identification for closed series production systems," European Journal of Operational Research, Elsevier, vol. 275(2), pages 599-607.
- Mai, Nhat Chi, 2015. "Efficiency of the banking system in Vietnam under financial liberalization," OSF Preprints qsf6d, Center for Open Science.
- Chrysovalantis Gaganis & Iftekhar Hasan & Fotios Pasiouras, 2013.
"Efficiency and stock returns: evidence from the insurance industry,"
Journal of Productivity Analysis, Springer, vol. 40(3), pages 429-442, December.
- Gaganis, Chrysovalantis & Hasan, Iftekhar & Pasiouras, Fotios, 2013. "Efficiency and stock returns: evidence from the insurance industry," Bank of Finland Research Discussion Papers 14/2013, Bank of Finland.
- Gaganis, Chrysovalantis & Hasan, Iftekhar & Pasiouras, Fotios, 2013. "Efficiency and stock returns : evidence from the insurance industry," Research Discussion Papers 14/2013, Bank of Finland.
- Ankitha Shetty & Savitha Basri, 2020. "Assessing the Technical Efficiency of Traditional and Corporate Agents in Indian Life Insurance Industry: Slack-based Data Envelopment Analysis Approach," Global Business Review, International Management Institute, vol. 21(2), pages 490-506, April.
- Huang, Tai-Hsin & Lin, Chung-I & Wu, Ruei-Cian, 2019. "Assessing the marketing and investment efficiency of Taiwan’s life insurance firms under network structures," The Quarterly Review of Economics and Finance, Elsevier, vol. 71(C), pages 132-147.
- Li, Yongjun & Chen, Yao & Liang, Liang & Xie, Jianhui, 2012. "DEA models for extended two-stage network structures," Omega, Elsevier, vol. 40(5), pages 611-618.
- Kao, Chiang, 2016. "Efficiency decomposition and aggregation in network data envelopment analysis," European Journal of Operational Research, Elsevier, vol. 255(3), pages 778-786.
- Zhang, Linyan & Chen, Kun, 2019. "Hierarchical network systems: An application to high-technology industry in China," Omega, Elsevier, vol. 82(C), pages 118-131.
More about this item
Keywords
data envelopment analysis (DEA); slack-based measure (SBM); four-stage DEA; metafrontier; efficiency;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:sagope:v:10:y:2020:i:1:p:2158244020902060. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.