Applying the Copula-Based Network Stochastic Frontier Approach to Study the Efficiency of Taiwan's Life Insurance Industry

Autor:	Wu, Ruei Cian, 巫瑞虔
Druh dokumentu:	學位論文 ; thesis
Popis:	102 This paper uses the copula-based network SFA model developed by Huang et al. (2013) to estimate the technical efficiency of Taiwan’s life insurance companies over the period 2000-2012. Under this framework, life insurance companies produce premium income as intermediate product which is one of input factors to produce investment income. The empirical analysis concluded: (a) life insurers use little internal staff in first stage, (b) domestic life insurers have both high technical efficiency and cost efficiency in comparison with foreign life insurers, (c) financial holding life insurers have greater technical efficiency than those of not from financial holding insurers, and (d) new life insurers have higher technical efficiency than old life insurers.
Databáze:	Networked Digital Library of Theses & Dissertations
Externí odkaz:	http://ndltd.ncl.edu.tw/handle/94928953779332255389 Zobrazit plný text záznamu