Analysing the efficiency of the Greek life insurance industry
Autor(a) principal: | |
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Data de Publicação: | 2008 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/26270 |
Resumo: | This paper uses the DEA-CCR and the DEA-BCC models to evaluate the performance of Greek life insurance companies in the period 1994 to 2003, combining operational and financial variables. These models identify adequately the inefficient companies, but are weak in discriminating among those found to be efficient. To improve the results, we employ the Cross-Efficiency and the Super Efficiency models. We estimate an inefficiency gap of about 27%. Furthermore, by using the Mann-Whitney Z-Test, we find that large and quoted life insurance companies, as well as those involved in mergers and acquisitions, exhibit higher efficiency. A major finding is that the local market is in great need of further consolidation. |
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Analysing the efficiency of the Greek life insurance industryGreek Life Insurance CompaniesData Envelopment AnalysisEfficiencyGreeceThis paper uses the DEA-CCR and the DEA-BCC models to evaluate the performance of Greek life insurance companies in the period 1994 to 2003, combining operational and financial variables. These models identify adequately the inefficient companies, but are weak in discriminating among those found to be efficient. To improve the results, we employ the Cross-Efficiency and the Super Efficiency models. We estimate an inefficiency gap of about 27%. Furthermore, by using the Mann-Whitney Z-Test, we find that large and quoted life insurance companies, as well as those involved in mergers and acquisitions, exhibit higher efficiency. A major finding is that the local market is in great need of further consolidation.ISMARepositório da Universidade de LisboaBorges, Maria RosaNektarios, MiltonBarros, Carlos Pestana2022-11-28T15:44:49Z20082008-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/26270engBorges, Maria Rosa, Milton Nektarios, and Carlos Pestana Barros. (2008)."Analysing the efficiency of the Greek life insurance industry". European Research Studies Volume XI, No. 3: pp. 35-52.1108-2976info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:55:45Zoai:www.repository.utl.pt:10400.5/26270Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:09:57.357150Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Analysing the efficiency of the Greek life insurance industry |
title |
Analysing the efficiency of the Greek life insurance industry |
spellingShingle |
Analysing the efficiency of the Greek life insurance industry Borges, Maria Rosa Greek Life Insurance Companies Data Envelopment Analysis Efficiency Greece |
title_short |
Analysing the efficiency of the Greek life insurance industry |
title_full |
Analysing the efficiency of the Greek life insurance industry |
title_fullStr |
Analysing the efficiency of the Greek life insurance industry |
title_full_unstemmed |
Analysing the efficiency of the Greek life insurance industry |
title_sort |
Analysing the efficiency of the Greek life insurance industry |
author |
Borges, Maria Rosa |
author_facet |
Borges, Maria Rosa Nektarios, Milton Barros, Carlos Pestana |
author_role |
author |
author2 |
Nektarios, Milton Barros, Carlos Pestana |
author2_role |
author author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Borges, Maria Rosa Nektarios, Milton Barros, Carlos Pestana |
dc.subject.por.fl_str_mv |
Greek Life Insurance Companies Data Envelopment Analysis Efficiency Greece |
topic |
Greek Life Insurance Companies Data Envelopment Analysis Efficiency Greece |
description |
This paper uses the DEA-CCR and the DEA-BCC models to evaluate the performance of Greek life insurance companies in the period 1994 to 2003, combining operational and financial variables. These models identify adequately the inefficient companies, but are weak in discriminating among those found to be efficient. To improve the results, we employ the Cross-Efficiency and the Super Efficiency models. We estimate an inefficiency gap of about 27%. Furthermore, by using the Mann-Whitney Z-Test, we find that large and quoted life insurance companies, as well as those involved in mergers and acquisitions, exhibit higher efficiency. A major finding is that the local market is in great need of further consolidation. |
publishDate |
2008 |
dc.date.none.fl_str_mv |
2008 2008-01-01T00:00:00Z 2022-11-28T15:44:49Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/26270 |
url |
http://hdl.handle.net/10400.5/26270 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Borges, Maria Rosa, Milton Nektarios, and Carlos Pestana Barros. (2008)."Analysing the efficiency of the Greek life insurance industry". European Research Studies Volume XI, No. 3: pp. 35-52. 1108-2976 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
ISMA |
publisher.none.fl_str_mv |
ISMA |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131194997080064 |