PRODUCTIVITY CHANGES OF INSURERS: METAFRONTIER MALMQUIST PRODUCTIVITY INDEX AND A BOOTSTRAPPING APPROACH

被引:2
作者
Kweh, Qian long [1 ]
Downing, Kevin [2 ]
Lu, Wen-min [3 ]
Ting, Irene wei kiong [4 ]
机构
[1] Canadian Univ Dubai, Fac Management, POB 117781,1st Interchange,Sheikh Zayed Rd, Dubai, U Arab Emirates
[2] City Univ Hong Kong, Inst Res Off, 83 Tat Chee Ave, Hong Kong, Peoples R China
[3] Chinese Culture Univ, Dept Int Business Adm, 55 Hwa-Kang Rd, Taipei 11114, Taiwan
[4] Univ Malaysia Pahang, Fac Ind Management, Gambang 26300, Pahang, Malaysia
关键词
Productivity change; data envelopment analysis; Malmquist productivity index; metafrontier; insurance companies; INSURANCE COMPANIES; EFFICIENCY; PERFORMANCE; DEA;
D O I
10.1142/S0217590820500344
中图分类号
F [经济];
学科分类号
02 ;
摘要
Insurance penetration rate in Malaysia is low at only between 40% and 50%. Following the government's policy goal of increasing the rate, this study examined metafrontier Malmquist productivity index (MMPI) and drivers of the MMPI among Malaysian insurers. Over the 2009-2017 period, general insurers and life insurers were technology leaders. General insurers had progressive productivity (MMPI) on average, whereas the MMPI values of the life and general insurers and life insurers were in deterioration. Overall, long-term strategic planning and capital investment alongside government's liberalization to increase competition in the industry are thus necessary.
引用
收藏
页码:2259 / 2280
页数:22
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