Asymmetric Dependence between Efficiency and Market Power in the Taiwanese Life Insurance Industry
學年 104
學期 1
出版（發表）日期 2015-09-01
作品名稱 Asymmetric Dependence between Efficiency and Market Power in the Taiwanese Life Insurance Industry
作品名稱（其他語言）
著者 Chuang, Chung-Chu; Yu-Chieh Tang
單位
出版者
著錄名稱、卷期、頁數 Panoeconomicus 62(4), pp.511-525
摘要 Both market power and efficiency contribute to the viability of the insurer, making them essential for the management of life insurance companies. This study measured efficiency using the stochastic frontier approach based on the translog cost function. We then investigated the relationship between efficiency and market power using generalized extreme value analysis. The results show a strong nonlinear, asymmetric dependence between efficiency and market power of leading Taiwanese insurers. In other words, companies with greater market power do not necessarily exhibit greater efficiency. This study provides a reference to aid life insurance companies in the formulation of operational strategies.
關鍵字 Market power;Efficiency;Stochastic frontier approach;Asymmetric dependence
語言 en
ISSN 2217-2386
期刊性質 國外
收錄於 SSCI
產學合作
通訊作者 Chuang, Chung-Chu
審稿制度 否
國別 SRB
公開徵稿
出版型式 ,電子版
相關連結

機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/104129 )

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