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Single Market effects on productivity in the German insurance industry

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  • Mahlberg, Bernhard
  • Url, Thomas

Abstract

The Single Market project of the European Commission was supposed to foster productivity growth in the financial service industry. We assess its consequences on productivity development in the German insurance industry, one of the largest insurance markets within the European Union, by applying Data Envelopment Analysis to a panel of German insurance companies. We estimate standard and bootstrapped efficiency scores for the years 1991 through 2006 and apply a test on scale efficiency based on bootstrapped statistics. Furthermore, we compute a Malmquist index and test for different types of productivity convergence across firms.

Suggested Citation

  • Mahlberg, Bernhard & Url, Thomas, 2010. "Single Market effects on productivity in the German insurance industry," Journal of Banking & Finance, Elsevier, vol. 34(7), pages 1540-1548, July.
    • Handle: RePEc:eee:jbfina:v:34:y:2010:i:7:p:1540-1548
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    References listed on IDEAS

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    Cited by:

    1. Kao, Chiang & Liu, Shiang-Tai, 2014. "Measuring performance improvement of Taiwanese commercial banks under uncertainty," European Journal of Operational Research, Elsevier, vol. 235(3), pages 755-764.
    2. Carlos Pestana Barros & Silvestre Dumbo & Peter Wanke, 2014. "Efficiency Determinants and Capacity Issues in Angolan Insurance Companies," South African Journal of Economics, Economic Society of South Africa, vol. 82(3), pages 455-467, September.
    3. Jacob A. Bikker, 2016. "Performance of the Life Insurance Industry Under Pressure: Efficiency, Competition, and Consolidation," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 19(1), pages 73-104, March.
    4. repec:rss:jnljms:v5i3p6 is not listed on IDEAS
    5. Wanke, Peter & Barros, Carlos Pestana, 2016. "Efficiency drivers in Brazilian insurance: A two-stage DEA meta frontier-data mining approach," Economic Modelling, Elsevier, vol. 53(C), pages 8-22.
    6. repec:eee:eneeco:v:68:y:2017:i:c:p:303-312 is not listed on IDEAS
    7. Cummins, J. David & Rubio-Misas, María & Vencappa, Dev, 2017. "Competition, efficiency and soundness in European life insurance markets," Journal of Financial Stability, Elsevier, vol. 28(C), pages 66-78.
    8. Magdalena Kapelko & Alfons Oude Lansink, 2015. "An international comparison of productivity change in the textile and clothing industry: a bootstrapped Malmquist index approach," Empirical Economics, Springer, vol. 48(4), pages 1499-1523, June.
    9. Aleksandra Parteka & Joanna Wolszczak-Derlacz, 2013. "Dynamics of productivity in higher education: cross-european evidence based on bootstrapped Malmquist indices," Journal of Productivity Analysis, Springer, vol. 40(1), pages 67-82, August.
    10. Schaper, Philipp, 2017. "Under pressure: how the business environment affects productivity and efficiency of European life insurance companiesAuthor-Name: Eling, Martin," European Journal of Operational Research, Elsevier, vol. 258(3), pages 1082-1094.
    11. repec:kap:jproda:v:49:y:2018:i:1:d:10.1007_s11123-017-0521-7 is not listed on IDEAS

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