Centro de Documentacion de Fundación MAPFRE - Ownership structure, agency costs, specialization, and efficiency: analysis of Keiretsu and independent insurers in the Japanese nonlife insurance industry

MAP20071506649

Ownership structure, agency costs, specialization, and efficiency: analysis of Keiretsu and independent insurers in the Japanese nonlife insurance industry / Vivian Jeng, Gene C. Lai

This article uses the nonparametric frontier method to examine differences in efficiency for three unique organizational forms in the Japanese nonlife insurance industry-keiretsu firms, nonspecialized independent firms (NSIFs), and specialized independent firms (SIFs). It is not possible to reject the null hypothesis that efficiencies are equal, with one exception

En: The Journal of risk and insurance. - Orlando. - Volume 72, number 1, March 2005 ; p. 105-158

1. Japón . 2. Empresas de seguros . 3. Estructura organizativa . 4. Eficiencia organizativa . 5. Métodos de evaluación . 6. Valoración de empresas . 7. Estadísticas . 8. Seguros no vida . I. Lai, Gene C. . II. Título. III. Título: The Journal of risk and insurance.