The impact of deregulation on efficiency: An analysis of life insurance industry in Taiwan from 1981 to 2004

Risk Management and Insurance Review

Volumn 11, Issue 2, 2008, Pages 349-375

  Jeng, Vivian ^a   Lai, Gene C ^b  

^a NATIONAL CHENGCHI UNIVERSITY   (Taiwan)

^b WASHINGTON STATE UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 50249159543     PISSN: 10981616     EISSN: None     Source Type: Journal    
DOI: 10.1111/j.1540-6296.2008.00144.x     Document Type: Article

References (18)

1. Aly, H. Y., R. Grabowski, C. Pasurka, and N. Rangan, 1990, Technical, Scale, and Allocative Efficiencies in U.S. Banking: An Empirical Investigation, Review of Economics and Statistics, 72: 211-218.
2. Annual Report of Life Insurance, Republic of China, various issues, 1981-2004.
3. Baur, E., 2001, World Target Practice, Best's Review, 101: 44-47.
4. Chang, W., 1998, Deregulation and Efficiency Analysis of Life Insurers in Taiwan, Ph.D. Dissertation, National Central University, Taoyuan, Taiwan.
5. Cooper, W. W., L. M. Seiford, and K. Tone, 2000, Data Envelopment Analysis: A Comprehensive Text With Models, Applications, Reference, and DEA-Solver Software (Dordrecht, the Netherlands: Kluwer Academic Publishers).
6. Cummins, J. D., M. Rubio-Misas, and H. Zi, 2004, The Effect of Organizational Structure on Efficiency: Evidence From the Spanish Insurance Industry, Journal of Banking and Finance, 28: 3113-3150.
7. Cummins, J. D., S. Tennyson, and M. A. Weiss, 1999, Consolidation and Efficiency in the U.S. Life Insurance Industry, Journal of Banking and Finance, 23: 325-358.
8. Cummins, J. D., and M. A. Weiss, 1993, Measuring Cost Efficiency in the Property-Liability Insurance Industry, Journal of Banking and Finance, 17: 463-481.
9. Cummins, J. D., and M. A. Weiss, 2000, Analyzing Firm Performance in the Insurance Industry Using Frontier Efficiency and Productivity Methods, in: G. Dionne, ed., Handbook of Insurance (Dordrecht, the Netherlands: Kluwer Academic Publishers), pp. 767-829.
10. Cummins, J. D., M. A. Weiss, and H. Zi, 1999, Organizational Form and Efficiency: The Coexistence of Stock and Mutual Property-Liability Insurers, Management Science, 45: 1254-1269.
11. Cummins, J. D., and H. Zi, 1998, Measuring Economic Efficiency of the U.S. Life Insurance Industry: Econometric and Mathematical Programming Techniques, Journal of Productivity Analysis, 10: 131-152.
12. Färe, R., S. Grosskopf, M. Norris, and Z. Zhang, 1994, Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries, American Economic Review, 66-83.
13. Fecher, F., D. Kessler, S. Perelman, and P. Pestieau, 1993, Productive Performance of the French Insurance Industry, Journal of Productivity Analysis, 4: 77-93.
14. Fukuyama, H., 1997, Investigating Productive Efficiency and Productivity Change of Japanese Life Insurance Companies, Pacific-Basin Finance Journal, 5: 481-509.
15. Gardner, L., and M. Grace, 1993, X-Efficiency in the U.S. Life Insurance Industry, Journal of Banking and Finance, 17: 497-510.
16. Jeng, V., and G. C. Lai, 2005, Ownership Structure, Agency Costs, Specialization and Efficiency: The Analysis of Keiretsu and Independent Insurers in the Japanese Non-Life Insurance Industry, Journal of Risk and Insurance, 72: 105-158.
17. Liu, C., 1994, Evaluation of Efficiency of Life Insurers in Taiwan - A Comparison Between Domestic and Foreign Insurers, Professional Insurance (Taiwan), 37: 114-126.
18. Yuengert, A., 1993, The Measurement of Efficiency in Life Insurance: Estimates of a Mixed Normal-Gamma Error Model, Journal of Banking and Finance, 17: 483-496.