COST EFFICIENCY IN AUSTRALIAN GENERAL INSURERS: A NON-PARAMETRIC APPROACH

The British Accounting Review - Tập 34 - Trang 89-108 - 2002
ANDREW C. WORTHINGTON1, EMILY V. HURLEY2
1Queensland University of Technology, Australia
2Commonwealth Department of the Treasury, Australia

Tài liệu tham khảo

Banker, 1984, ‘Some models for estimating technical and scale inefficiencies in data envelopment analysis’, Management Science, 30, 1078, 10.1287/mnsc.30.9.1078 Berger, 1997, ‘The coexistence of multiple distribution systems for financial services: the case of property-liability insurance’, Journal of Business, 70, 515, 10.1086/209730 Berger, 1993, ‘Measurement and efficiency issues in commercial banking’, 245 Berger, 1997, ‘Efficiency of financial institutions: international survey and directions for future research’, European Journal of Operational Research, 98, 175, 10.1016/S0377-2217(96)00342-6 Bernstein, 1992, ‘Information spillovers, margins, scale and scope: with an application to Canadian life insurance’, Scandinavian Journal of Economics, 94, 95, 10.2307/3440250 Charnes, 1978, ‘Measuring the efficiency of decision making units’, European Journal of Operational Research, 2, 429, 10.1016/0377-2217(78)90138-8 Coelli, 1997 Cooper, 2000 Cummins, 1999, ‘Consolidation and efficiency in the US life insurance industry’, Journal of Banking and Finance, 23, 325, 10.1016/S0378-4266(98)00089-2 Cummins, 1979, ‘A note on the relative efficiency of property-liability insurance distribution systems’, Bell Journal of Economics, 10, 709, 10.2307/3003362 Cummins, 1993, ‘Measuring cost efficiency in the property-liability insurance industry’, Journal of Banking and Finance, 17, 463, 10.1016/0378-4266(93)90046-G Cummins, 1998, ‘Comparisons of frontier efficiency methods: an application to the US life insurance industry’, Journal of Productivity Analysis, 10, 131, 10.1023/A:1026402922367 Cummins, 1999 Cummins, 1999, ‘Organisational form and efficiency: the coexistence of stock and mutual property-liability insurers’, Management Science, 45, 1254, 10.1287/mnsc.45.9.1254 Doherty, 1981, ‘The measurement of output and economies of scale in property-liability insurance’, Journal of Risk and Insurance, 48, 391, 10.2307/252719 Fields, 1988, ‘Expense preference behaviour in mutual life insurers’, Journal of Financial Services Research, 1, 113, 10.1007/BF00116383 Fields, 1989, ‘An analysis of efficiency in the delivery of financial services: the case of life insurance agencies’, Journal of Financial Services Research, 2, 323, 10.1007/BF00114412 Financial System Inquiry, 1997 Fukuyama, 1997, ‘Investigating productive efficiency and productivity changes of Japanese life insurance companies’, Pacific-Basin Finance Journal, 5, 481, 10.1016/S0927-538X(97)00016-4 Gardner, 1993, ‘X-efficiency in the US life insurance industry’, Journal of Banking and Finance, 17, 497, 10.1016/0378-4266(93)90048-I Grace, 1992, ‘An examination of economies of scale and scope in the US life insurance industry’, Journal of Risk and Insurance, 24, 72, 10.2307/253217 Hardwick, 1997, ‘Measuring cost inefficiency in the UK life insurance industry’, Applied Financial Economics, 7, 37, 10.1080/096031097333835 Houston, 1970, ‘Economies of scale in financial institutions: a study of life assurance’, Econometrica, 38, 856, 10.2307/1909696 KPMG, 1999 McIntosh, 1998, ‘Scale efficiency in a dynamic model of Canadian insurance companies’, Journal of Risk and Insurance, 65, 303, 10.2307/253538 Meador, 2000, ‘Product focus versus diversification: estimates of X-efficiency for the US life insurance industry’, 175 Praetz, 1980, ‘Returns to scale in the life insurance industry’, Journal of Risk and Insurance, 47, 525, 10.2307/252636 Prosperetti, 1991, ‘Economies of scale in Italian non-life insurance’, The Geneva Papers on Risk and Insurance, 16, 282, 10.1057/gpp.1991.20 Rai, 1996, ‘Cost efficiency of international insurance firms’, Journal of Financial Services Research, 10, 213, 10.1007/BF00114085 Weiss, 1981, ‘Analysis of productivity at the firm level’, Journal of Risk and Insurance, 53, 50 World Trade Organisation, 2000, ‘The Results of the Financial Services Negotiations under the General Agreement on Trade in Services’ http://www.wto.org/ Worthington, 1999, ‘Malmquist indices of productivity change in Australian financial services’, Journal of International Financial Markets, Institutions and Money, 9, 303, 10.1016/S1042-4431(99)00013-X Worthington, 2000, ‘Technical efficiency and technological change in Australian building societies’, Abacus, 36, 180, 10.1111/1467-6281.00059 Yuengert, 1993, ‘The measurement of efficiency in life insurance: estimates of a mixed normal-gamma error model’, Journal of Banking and Finance, 17, 483, 10.1016/0378-4266(93)90047-H