Paper Information

Journal:   SANAAT-E-BIMEH   FALL 2014 , Volume 29 , Number 3 (115); Page(s) 1 To 26.
 
Paper: 

THE IMPACT OF PRICE LIBERALIZATION ON THE EFFICIENCY OF INSURANCE COMPANIES

 
 
Author(s):  NAJAFI AMIR ABBAS*, FAROKHNEJAD ELHAM, NOURALIZADEH HAMIDREZA
 
* K.N. TOOSI UNIVERSITY OF TECHNOLOGY
 
Abstract: 

Economic reform aimed at improving the social welfare is one of the important goals of policy makers. The efficiency of insurance companies and the impact of price liberalization during 1388 have been analyzed in this study. For this purpose, in the first stage, the efficiency of insurance companies is calculated during 1382-90 using a hybrid approach of Gram-Schmidt algorithm and data envelopment analysis. In this stage, firstly, the correlation between the model variables is reduced by Gram-Schmidt algorithm and then the efficiency of the companies is measured by MSBM. In the second stage, the impact of price liberalization on the efficiency of insurance companies is investigated by GEE. The results indicated that the price liberalization has negatively affected the efficiency of insurance companies. Finally, some suggestions have been proposed to enhance the current status.

 
Keyword(s): PERFORMANCE ANALYSIS, DATA ENVELOPMENT ANALYSIS, GRAM-SCHMIDT ALGORITHM, EFFICIENCY OF INSURANCE COMPANIES
 
References: 
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