| 1,214 | 93 | 81 |
| 下载次数 | 被引频次 | 阅读次数 |
本文首次把环境等外生因素纳入中国保险业效率研究的框架中,通过构建多阶段DEA模型,重新测算了中国保险机构1999-2006年共284个样本数据的技术效率、纯技术效率以及规模效率。研究发现,外部环境等因素对效率估计产生了重要影响,中国保险业整体效率水平较调整前出现了明显下降,而且效率损失主要来源于纯技术无效,说明中国保险业整体效率改进应重点加强技术创新和管理创新,全面提高管理水平。随着保险业市场化进程的不断深入,国有保险机构因依靠相对有利的外部环境使其效率水平被严重高估。
Abstract：Considering that part of the inefficiency is due to exogenous circumstances,this paper re-measures the technical efficiency,pure technical efficiency and scale efficiency for the 284 insurance companies in China from 1999 to 2006 by using a multi-stage DEA model.The result shows the adjusted efficiency is lower than pre-adjustment,which indicates that external environment has an important impact on efficiency.And the efficiency gap between foreign and domestic insurance companies shows an increasing trend during the sample period.
[1]Farrell,M.J.,The Measurement of Productive Efficiency[J].Journal of the Royal Statistical Society,1957(120):253-281.
[2]Klumpes Paul J.M.,Performance Benchmarkingin Financial Services:Evidencefromthe UKLife Insurance Industry[J].Journal of Business,2004,77(2):257-273.
[3]Nobuko Aoba,Efficiency in the Japanese Life Insurance Industry:Dramatic Change[R].working paper,Naruto University of Education,2006.
[4]Yao Shujie,Zhongwei HAN,Genfu FENG,On technical efficiency of China’s insurance industry after WTOaccession[J].China Economic Review,2007(18):66-86.
[5]Akhigbe Aigbe and McNulty James,The Profit Efficiency of Small US Commercial Banks[J].Journal of Banking and Finance,2003,27(2):307-325.
[6]Berger,A.N.,and Loretta J.Mester,Explaining the Dramatic Changes in the Performance of U.S.Banks:Technological Change,Deregulation,and Dynamic Changes in Competition[J].Journal of Financial Intermediation,2003(12):57-95.
[7]Chaffai Mohamed,Dietsch Michel and Lozano-Vivas Ana,Technological and Environmental Differences inthe European BankingIndustries[J].Journal of Financial Services Research,2001,19(2/3):147-162.
[8]Dietsch Michel and Lozano-Vivas Ana,How the Environment Determines Banking Efficiency:A Comparison Between French and SpanishIndustry[J].Journal of Banking and Finance,2000,24(6):985-1004.
[9]Lozano-Vivas Ana,Jess T.Pastor and JosM.Pastor,An Efficiency Comparison of European Banking System Operating under Different Environmental Conditions[J].Journal of Productivity Analysis,2002,18(1):59-77.
[10]Drake Leigh,Hall Maximiliar,and Simper Richard,The Impact of Macroeconomic and Regulatory Factors on Bank Efficiency:A Non-parametric Analysis of Hong Kong’s Banking System[J].Journal of Banking and Finance,2006,30(5):1443-1466.
[11]Fried,H.O.,S.S.Schmidt and S.Yaisawarng,Incorporating the Operating Environment into a Nonparametric Measure of Technical Efficiency[J].Journal of Productivity Analysis,1999,12:249-267.
[12]GagnRobert and Piere Ouellette,Onthe Choice of Functional Forms:Summary of a Monte Carlo Experiment[J].Journal of Business&Economic Statistics,1998,16:118-124.
[13]Charnes Abraham,WilliamCooper and Edwardo Rhodes,Measuringthe Efficiency of Decision Making Units[J].European Journal of Operational Research,1978(2):429-444.
[14]Banker R D,Cooper W W,Phodes E.,Some Models for Estimating Technical and Scale Inefficiencies in DEA[J].Management Science,1984(3):25-39.
[15]Yuengert,A.,The Measurement of Efficiency in Life Insurance:Estimates of a Mixed Normal-Gamma Error Model[J].Journal of Banking and Finance,1993(17):483-496.
[16]Berka,Jack and Shepard,Lee,Financial Valuation:Business and Business Interests[M].Gorham&Lamont,Boston,MA,1997.
基本信息:
DOI：10.19343/j.cnki.11-1302/c.2009.06.004
中图分类号:F842
引用信息:
[1]黄薇.中国保险业效率的实证研究:考虑环境因素的影响[J].统计研究,2009,26(06):29-37.DOI:10.19343/j.cnki.11-1302/c.2009.06.004.
2009-06-15
2009-06-15