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http://dx.doi.org/10.5392/JKCA.2011.11.12.403

Analysis on the Efficiency and Productivity Change of Non-Life Insurance Industry between Pre-Execution and Post-Execution of Capital Market Law  

Kang, Ho-Jung (배재대학교 경영학과)
Publication Information
The Journal of the Korea Contents Association / v.11, no.12, 2011 , pp. 403-412 More about this Journal
Abstract
The execution of capital market law causes severe competition by promoting restructuring of financial industry. This study analyze efficiency and productivity change of the Korean Non-Life Insurance industry between pre-execution and pre-execution of capital market law using DEA model and Malmquist Index. Additionally, this study finds determinants of efficiency using tobit regression. The main results of this study can by summarized as follows. First, the efficiency with post-execution was increased comparing with pre-execution of capital market law significantly. Second, the productivity with post-execution was increased comparing with pre-execution of capital market law significantly. Third, significant determinants of technical efficiency and pure technical efficiency are weight of life planner. operation rate of assets respectively. And significant determinant of scale efficiency are firm size, operation rate of assets, weight of life planner.
Keywords
Capital Market Law; Non-Life Insurance Industry; Efficiency; Productivity;
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