文章基本信息

标题：DOES OWNERSHIP STRUCTURE MATTER? A COST EFFICIENCY STUDY OF LIFE INSURANCE FIRMS IN INDONESIA
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作者：Riski Wicaksono ; Tri Mulyaningsih
期刊名称：Bulletin Ekonomi Moneter dan Perbankan
印刷版ISSN：1410-8046
电子版ISSN：2460-9196
出版年度：2019
卷号：22
期号：3
页码：367-382
DOI：10.21098/bemp.v22i3.957
出版社：Bank Indonesia
摘要：This paper is about the cost and profit efficiency of Indonesia’s life insurance industry. Using data from 2010–2014, we compare cost and profit efficiency among local and joint venture insurers. Our empirical analysis, based on a time-invariant translog cost model, reveals mean cost allocation and profit efficiency scores of 0.36 and 0.52, respectively. Interestingly, we find that domestic insurers are more cost efficient compared to joint venture insurers; however, joint venture insurers maximize profit more.
关键词：Life insurance industry; Insurers; Cost efficiency; Profit efficiency; Translog model.