Product Specialization, Efficiency and Productivity Change in the Spanish Insurance Industry
Author
Abstract
Suggested Citation
Download full text from publisher
Other versions of this item:
- Hugo Fuentes & Emili Grifell-Tatjé & Sergio Perelman, 2005. "Product Specialization, Efficiency and Productivity Change in the Spanish Insurance Industry," Working Papers 244, Barcelona School of Economics.
References listed on IDEAS
- Hugo Fuentes & Emili Grifell-Tatjé & Sergio Perelman, 2001. "A Parametric Distance Function Approach for Malmquist Productivity Index Estimation," Journal of Productivity Analysis, Springer, vol. 15(2), pages 79-94, March.
- O'Donnell, Christopher J. & Coelli, Timothy J., 2005.
"A Bayesian approach to imposing curvature on distance functions,"
Journal of Econometrics, Elsevier, vol. 126(2), pages 493-523, June.
- Tim J. Coelli & Chris O'Donnell, 2003. "A Bayesian Approach To Imposing Curvature On Distance Functions," CEPA Working Papers Series WP032003, School of Economics, University of Queensland, Australia.
- Battese, George E. & Coelli, Tim J., 1988. "Prediction of firm-level technical efficiencies with a generalized frontier production function and panel data," Journal of Econometrics, Elsevier, vol. 38(3), pages 387-399, July.
- COELLI, Tim, 2000. "On the econometric estimation of the distance function representation of a production technology," LIDAM Discussion Papers CORE 2000042, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Miguel Ángel Martínez & Irene Albárran & David Camino, 2001. "Executive Management in Insurance Entities: A Comparative Study of Mutual Companies and Joint-Stock Companies in Spain with a View to the 21st Century Market," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 26(2), pages 206-231, April.
- Cummins, J. David & Rubio-Misas, Maria & Zi, Hongmin, 2004. "The effect of organizational structure on efficiency: Evidence from the Spanish insurance industry," Journal of Banking & Finance, Elsevier, vol. 28(12), pages 3113-3150, December.
- Lucio Fuentelsaz & Jaime Gomez, 2001. "Strategic and Queue effects on Entry in Spanish Banking," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 10(4), pages 529-563, December.
- Jondrow, James & Knox Lovell, C. A. & Materov, Ivan S. & Schmidt, Peter, 1982. "On the estimation of technical inefficiency in the stochastic frontier production function model," Journal of Econometrics, Elsevier, vol. 19(2-3), pages 233-238, August.
- Francisco Pedraja-Chaparro & Javier Salinas-Jimenez & Peter Smith, 1997. "On the Role of Weight Restrictions in Data Envelopment Analysis," Journal of Productivity Analysis, Springer, vol. 8(2), pages 215-230, May.
- Lado, Nora & Maydeu Olivares, Alberto, 1998. "Exploring the link between market orientation and innovation in the European and US insurance markets," DEE - Working Papers. Business Economics. WB 6528, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Lloyd-Williams, D. M. & Molyneux, Phil & Thornton, John, 1994. "Market structure and performance in Spanish banking," Journal of Banking & Finance, Elsevier, vol. 18(3), pages 433-443, May.
- Burgess, John & Walker, Greg, 1982. "Returns to Scale in the Australian Life Insurance Industry: A Comment," The Economic Record, The Economic Society of Australia, vol. 58(162), pages 290-292, September.
- Coelli, Tim & Perelman, Sergio, 1999. "A comparison of parametric and non-parametric distance functions: With application to European railways," European Journal of Operational Research, Elsevier, vol. 117(2), pages 326-339, September.
- Aigner, Dennis & Lovell, C. A. Knox & Schmidt, Peter, 1977. "Formulation and estimation of stochastic frontier production function models," Journal of Econometrics, Elsevier, vol. 6(1), pages 21-37, July.
- Maydeu Olivares, Alberto & Lado, Nora, 1998. "Market orientation and business economic performance : a mediational model," DEE - Working Papers. Business Economics. WB 6538, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Purroy, Pedro & Salas, Vicente, 2000. "Strategic competition in retail banking under expense preference behavior," Journal of Banking & Finance, Elsevier, vol. 24(5), pages 809-824, May.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Wise William, 2020. "The Importance of the Efficiency of Mutual Life Insurers: A Comparison to Stock Life Insurers," Folia Oeconomica Stetinensia, Sciendo, vol. 20(1), pages 474-505, June.
- Davide Lanfranchi & Laura Grassi, 2021. "Translating technological innovation into efficiency: the case of US public P&C insurance companies," Eurasian Business Review, Springer;Eurasia Business and Economics Society, vol. 11(4), pages 565-585, December.
- Ana María Reyna & Hugo J. Fuentes, 2018. "A cost efficiency analysis of the insurance industry in Mexico," Journal of Productivity Analysis, Springer, vol. 49(1), pages 49-64, February.
- Gustavo Ferro & Sonia León, 2018. "A Stochastic Frontier Analysis of Efficiency in Argentina’s Non-Life Insurance Market," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 43(1), pages 158-174, January.
- Jarraya, Bilel & Bouri, Abdelfettah, 2012. "Efficiency concept and investigations in insurance industry: A survey," MPRA Paper 53544, University Library of Munich, Germany, revised 2013.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kellermann, Magnus A., 2015. "Total Factor Productivity Decomposition and Unobserved Heterogeneity in Stochastic Frontier Models," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 44(1), pages 1-25, April.
- Hugo Fuentes & Emili Grifell-Tatjé & Sergio Perelman, 2001. "A Parametric Distance Function Approach for Malmquist Productivity Index Estimation," Journal of Productivity Analysis, Springer, vol. 15(2), pages 79-94, March.
- Mai, Nhat Chi, 2015. "Efficiency of the banking system in Vietnam under financial liberalization," OSF Preprints qsf6d, Center for Open Science.
- Tim Coelli & Gholamreza Hajargasht & C.A. Knox Lovell, 2008. "Econometric Estimation of an Input Distance Function in a System of Equations," CEPA Working Papers Series WP012008, School of Economics, University of Queensland, Australia.
- Perelman, Sergio & Santín, Daniel, 2009. "How to generate regularly behaved production data? A Monte Carlo experimentation on DEA scale efficiency measurement," European Journal of Operational Research, Elsevier, vol. 199(1), pages 303-310, November.
- Michaelides, Panayotis G. & Vouldis, Angelos T. & Tsionas, Efthymios G., 2010. "Globally flexible functional forms: The neural distance function," European Journal of Operational Research, Elsevier, vol. 206(2), pages 456-469, October.
- Andor, Mark A. & Parmeter, Christopher & Sommer, Stephan, 2019.
"Combining uncertainty with uncertainty to get certainty? Efficiency analysis for regulation purposes,"
European Journal of Operational Research, Elsevier, vol. 274(1), pages 240-252.
- Andor, Mark A. & Parmeter, Christopher & Sommer, Stephan, 2018. "Combining uncertainty with uncertainty to get certainty? Efficiency analysis for regulation purposes," Ruhr Economic Papers 770, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Cullmann, Astrid & Farsi, Mehdi & Filippini Massimo, 2009.
"Unobserved Heterogeneity and International Benchmarking in Public Trasport,"
Quaderni della facoltà di Scienze economiche dell'Università di Lugano
0904, USI Università della Svizzera italiana.
- Astrid Cullman & Mehdi Farsi & Massimo Filippini, 2009. "Unobserved Heterogeneity and International Benchmarking in Public Transport," CEPE Working paper series 09-65, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Astrid Cullmann & Mehdi Farsi & Massimo Filippini, 2009. "Unobserved Heterogeneity and International Benchmarking in Public Transport," Discussion Papers of DIW Berlin 960, DIW Berlin, German Institute for Economic Research.
- Massimo Filippini & Mehdi Farsi & Marie-Anne Plagnet & Roxana Saplacan, 2010. "Unobserved Heterogeneity and International Benchmarking in Public Transport," CEPE Working paper series 10-73, CEPE Center for Energy Policy and Economics, ETH Zurich.
- Mike Tsionas & Marwan Izzeldin & Arne Henningsen & Evaggelos Paravalos, 2022. "Addressing endogeneity when estimating stochastic ray production frontiers: a Bayesian approach," Empirical Economics, Springer, vol. 62(3), pages 1345-1363, March.
- Solis, Daniel & Agar, Juan & del Corral, Julio, 2015. "The impact of IFQs on the productivity of the US Gulf of Mexico Red Snapper Fishery," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196639, Southern Agricultural Economics Association.
- Sun, Kai & Kumbhakar, Subal C. & Tveterås, Ragnar, 2015. "Productivity and efficiency estimation: A semiparametric stochastic cost frontier approach," European Journal of Operational Research, Elsevier, vol. 245(1), pages 194-202.
- Bairagi, Subir, 2014. "Productivity and Efficiency Analysis of Microfinance Institutions (MFIS) in Bangladesh," MPRA Paper 67917, University Library of Munich, Germany.
- Paolo Guarda & Abdelaziz Rouabah & Michael Vardanyan, 2013. "Identifying bank outputs and inputs with a directional technology distance function," Journal of Productivity Analysis, Springer, vol. 40(2), pages 185-195, October.
- Collier, Trevor & Johnson, Andrew L. & Ruggiero, John, 2011. "Technical efficiency estimation with multiple inputs and multiple outputs using regression analysis," European Journal of Operational Research, Elsevier, vol. 208(2), pages 153-160, January.
- Yuxin Li & Karen Mumford, "undated". "Aspirations, Expectations and Education Outcomes for Children in Britain: Considering Relative Measures of Family Efficiency," Discussion Papers 09/26, Department of Economics, University of York.
- Luis R. Murillo‐Zamorano, 2004. "Economic Efficiency and Frontier Techniques," Journal of Economic Surveys, Wiley Blackwell, vol. 18(1), pages 33-77, February.
- Kutlu, Levent, 2012. "US banking efficiency, 1984–1995," Economics Letters, Elsevier, vol. 117(1), pages 53-56.
- Supawat Rungsuriyawiboon & Chris O'Donnell, 2004. "Curvature-Constrained Estimates of Technical Efficiency and Returns to Scale for U.S. Electric Utilities," CEPA Working Papers Series WP072004, School of Economics, University of Queensland, Australia.
- Andor, Mark A. & Parmeter, Christopher & Sommer, Stephan, 2019.
"Combining uncertainty with uncertainty to get certainty? Efficiency analysis for regulation purposes,"
European Journal of Operational Research, Elsevier, vol. 274(1), pages 240-252.
- Andor, Mark A. & Parmeter, Christopher & Sommer, Stephan, 2018. "Combining uncertainty with uncertainty to get certainty? Efficiency analysis for regulation purposes," Ruhr Economic Papers 770, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
- Mark Andor & Christopher F. Parmeter & Stephan Sommer, 2018. "Combining Uncertainty with Uncertainty to Get Certainty? Efficiency Analysis for Regulation Purposes," Working Papers 2018-02, University of Miami, Department of Economics.
- Baležentis, Tomas & Sun, Kai, 2020. "Measurement of technical inefficiency and total factor productivity growth: A semiparametric stochastic input distance frontier approach and the case of Lithuanian dairy farms," European Journal of Operational Research, Elsevier, vol. 285(3), pages 1174-1188.
More about this item
Keywords
Efficiency; parametric Malmquist index; output specialization; Spanish insurance;All these keywords.
JEL classification:
- D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
- C43 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Index Numbers and Aggregation
- G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:rpp:wpaper:0506. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mathieu Lefebvre (email available below). General contact details of provider: https://edirc.repec.org/data/crulgbe.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.