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Efficiency in the UK life insurance industry : mutual firms versus proprietary firms

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Tag12Valor
LDR  00000nab a2200000 i 4500
001  MAP20071508722
003  MAP
005  20080418130027.0
008  000621s1990 gbr|||| | |00010|eng d
040  ‎$a‎MAP‎$b‎spa
084  ‎$a‎211.1
1001 ‎$0‎MAPA20080105754‎$a‎Letza, Stephen
24510‎$a‎Efficiency in the UK life insurance industry‎$b‎: mutual firms versus proprietary firms‎$c‎Stephen Letza, Philip Hardwick and Tadeusz Kowalski
5208 ‎$a‎The paper discusses the main tenets of stakeholder theory and agency theory and goes on to analyse the relative performance of a sample of 100 mutual and proprietary life insurance companies in the UK during the period 1992-1996. The paper concludes that there is weak evidence to support the contention that mutual life insurers are relatively more cost efficient than proprietary insurers. Mutual companies in the sample perform well relative to proprietary companies in terms of annual surpluses and expenses ratios. There is also evidence that fund managers in mutual companies perform at least as well on average as those in proprietary companies
65001‎$0‎MAPA20080611651‎$a‎Mutualidades de seguros
65001‎$0‎MAPA20080590567‎$a‎Empresas de seguros
65011‎$0‎MAPA20080586294‎$a‎Mercado de seguros
65011‎$0‎MAPA20080570590‎$a‎Seguro de vida
65001‎$0‎MAPA20080601492‎$a‎Estudios comparativos
65011‎$0‎MAPA20080560409‎$a‎Reino Unido
7001 ‎$0‎MAPA20080165376‎$a‎Hardwick, Philip
7001 ‎$0‎MAPA20080197407‎$a‎Kowalski, Tadeusz
7730 ‎$d‎London : Henry Stewart Publications‎$g‎Vol. 6, nº 1, 2001 ; p. 40-49‎$t‎Journal of Financial Services Marketing