- Volume 11 Issue 12
DOI QR Code
Analysis on the Efficiency and Productivity Change of Non-Life Insurance Industry between Pre-Execution and Post-Execution of Capital Market Law
자본시장통합법 시행 전후의 손해보험산업의 효율성 및 생산성 변화 분석
- 강호정 (배재대학교 경영학과)
- Received : 2011.10.31
- Accepted : 2011.12.02
- Published : 2011.12.28
The execution of capital market law causes severe competition by promoting restructuring of financial industry. This study analyze efficiency and productivity change of the Korean Non-Life Insurance industry between pre-execution and pre-execution of capital market law using DEA model and Malmquist Index. Additionally, this study finds determinants of efficiency using tobit regression. The main results of this study can by summarized as follows. First, the efficiency with post-execution was increased comparing with pre-execution of capital market law significantly. Second, the productivity with post-execution was increased comparing with pre-execution of capital market law significantly. Third, significant determinants of technical efficiency and pure technical efficiency are weight of life planner. operation rate of assets respectively. And significant determinant of scale efficiency are firm size, operation rate of assets, weight of life planner.
Capital Market Law;Non-Life Insurance Industry;Efficiency;Productivity
- 강호정, "국내손해보험회사의 상대적 효율성 및 생산성 변화", 한국콘텐츠학회논문지, 제9권, 제5호, pp.224-229, 2009.
- 정중영, 김병철, "손해보험회사의 효율성 및 생산성에 관한 연구", 리스크관리연구, 제17권, 제1호, pp.79-107, 2006.
- 박춘광, 김병철,"금융위기 이후 국내 손해보험회사의 효율성 및 생산성 변화 연구", 재무관리연구, 제23권, 제2호, pp.57-83, 2006.
- 김동훈, 이기형,"국내 손해보험사의 효율성 및 생산성 변화 분석", 리스크관리연구, 제12권, pp.67-99, 2001.
- C. D. L. Christensen and W. Diewert, "Economic Theory of Index Numbers and the Measurement of Input, Output, and Productivity," Econometrica(50), pp.1393-1414, 1982. https://doi.org/10.2307/1913388
- M. J. Farrel, "The Measurement of Productivity Efficiency," Journal of Royal Statistical Society(120), pp.253-282, 1957. https://doi.org/10.2307/2343100
- J. A. Fitzsimmons and M. J. Fitzsimmons, Service Management for Competitive Advantage, McGraw-Hill, pp.31-33, 1994.
- R. D. A. Banker, W. Charnes, and W. Cooper, "Some Models for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis," Management Science, Vol.30, No.9, pp.1078-1092, 1984. https://doi.org/10.1287/mnsc.30.9.1078
- A. Charnes, W. W. Cooper, and E. Rhodes, "Measuring the Efficiency of Decision Making Units," European Journal of Operational Research, Vol.2, pp.429-444, 1978. https://doi.org/10.1016/0377-2217(78)90138-8
- J. Tobin, "Estimation of Relationships for Limited Dependent Variables," Econometrica, Vol.26, pp.24-36, 1958. https://doi.org/10.2307/1907382