The Cost Efficiency of Takaful Insurance Companies

Autor:	Mike Adams, Philip Hardwick, Hale Abdul Kader
Rok vydání:	2010
Předmět:	Economics and Econometrics Actuarial science Cost efficiency business.industry Corporate governance Logit Regression analysis General Business Management and Accounting Product (business) Accounting Economics Data envelopment analysis business Chief executive officer Finance Risk management
Zdroj:	The Geneva Papers on Risk and Insurance - Issues and Practice. 35:161-181
ISSN:	1468-0440 1018-5895
Popis:	This study examines the cost efficiency of non-life Takaful insurance firms operating in 10 Islamic countries. Non-parametric data envelopment analysis is used to compute cost efficiency scores and a second-stage logit transformation regression model is then estimated to test the influence of corporate characteristics on these efficiencies. We find that non-executive directors and separating the Chief Executive Officer and Chairman functions do not improve cost efficiency. However, board size, firm size and product specialisation have positive effects on the cost efficiency of Takaful insurers. In contrast, the regulatory environment is found not to be statistically significant in terms of improving cost efficiency. We conclude that our results could have important commercial and policy implications.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::2b4c25054e654046021d7b944b242ff2 https://doi.org/10.1057/gpp.2009.33 Zobrazit plný text záznamu Plný text ve formátu PDF