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Productividad y eficiencia de las Mutualidades de Previsión Social/Productivity and Efficiency of Social Benefit Institutions

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  • RUBIO-MISAS, MARÍA

    () (Departamento de Finanzas y Contabilidad. UNIVERSIDAD DE MÁLAGA)

Abstract

Este artículo proporciona información acerca del impacto del nuevo marco regulador sobre la productividad y la eficiencia de las mutualidades de previsión social El período de análisis abarca la entrada en vigor de la ley de 1995 con la que concluye la adaptación de estas entidades al ámbito del seguro privado. Los resultados muestran que el número de mutualidades inscritas en el Registro de la DGSFP disminuyó, el tamaño medio aumentó y los precios unitarios de los seguros ofrecidos por estas entidades disminuyeron. Las mutualidades de previsión social experimentaron una mejora en la productividad total a lo largo del período de estudio que fue debida, en gran parte, a una mejora en eficiencia técnica pura, observándose un mayor aumento de los niveles de eficiencia técnica pura en la segunda parte del período, revelando adaptación a la innovación en un entorno más competitivo. This article provides information about the influence on productivity and efficiency of social benefit institutions by the new regulatory setting. The sample period spans the approval of the 1995 law on the arrangement and supervision of insurance firms. With the 1995 law, social benefit institutions were adapted to the regulation of private insurance firms. The results show that the number of entities belonging to the DGSFP Register declined, average firm size increased and unit prices declined. Social benefit institutions experienced significant growth in total factor productivity over the sample period and it was attributable, mainly, to gains in pure technical efficiency. Gains in pure technical efficiency were more pronounced in the second half of the sample period, suggesting that firms adapted to innovation in a more competitive environment.

Suggested Citation

  • Rubio-Misas, María, 2009. "Productividad y eficiencia de las Mutualidades de Previsión Social/Productivity and Efficiency of Social Benefit Institutions," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 27, pages 571(30á)-57, Agosto.
  • Handle: RePEc:lrk:eeaart:27_2_14
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    References listed on IDEAS

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    Keywords

    Productividad-Eficiencia; Cambio Legislativo; Mutualidades de Previsión Social; DEA-Índices de Malmquist ; Productivity-Efficiency; Legislative Changes; Social Benefit Institutions; DEA-Malmquist Analysis.;

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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