Foreign ownership and non-life insurer efficiency in the japanese marketplace
<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
<record>
<leader>00000cab a2200000 4500</leader>
<controlfield tag="001">MAP20120018952</controlfield>
<controlfield tag="003">MAP</controlfield>
<controlfield tag="005">20220911212148.0</controlfield>
<controlfield tag="008">120503e20120402esp|||p |0|||b|spa d</controlfield>
<datafield tag="040" ind1=" " ind2=" ">
<subfield code="a">MAP</subfield>
<subfield code="b">spa</subfield>
<subfield code="d">MAP</subfield>
</datafield>
<datafield tag="084" ind1=" " ind2=" ">
<subfield code="a">32</subfield>
</datafield>
<datafield tag="100" ind1="1" ind2=" ">
<subfield code="0">MAPA20110025755</subfield>
<subfield code="a">Huang, Li-Ying</subfield>
</datafield>
<datafield tag="245" ind1="1" ind2="0">
<subfield code="a">Foreign ownership and non-life insurer efficiency in the japanese marketplace</subfield>
<subfield code="c">Li-Ying Huang, Yu-Luen Ma, Nat Pope</subfield>
</datafield>
<datafield tag="520" ind1=" " ind2=" ">
<subfield code="a">Traditional shareholding patterns in Japan have experienced significant change beginning in the early 1990s. Since that time, foreign institutional shareholding has increased significantly largely at the expense of domestic financial institution ownership. This article examines whether these changes in ownership patterns share a relationship with insurer performance in the non-life insurance market. Using data from 1992 to 2005, we assess performance in terms of efficiency measures using data envelopment analyses (DEA) techniques. Our results show that higher levels of domestic financial institution ownership in Japan are associated with insurer inefficiency. Relative to that relationship, the foreign ownershipinsurer efficiency relationship is found to be positive. Additionally, we find that the disparity between those relationships has become more acute since 2001 when the Japanese non-life insurance market experienced significant consolidation. </subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="1">
<subfield code="0">MAPA20080578848</subfield>
<subfield code="a">Análisis de datos</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="1">
<subfield code="0">MAPA20080586294</subfield>
<subfield code="a">Mercado de seguros</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="1">
<subfield code="0">MAPA20080596606</subfield>
<subfield code="a">Evolución del seguro</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="1">
<subfield code="0">MAPA20080573935</subfield>
<subfield code="a">Seguros no vida</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="1">
<subfield code="0">MAPA20080624934</subfield>
<subfield code="a">Seguro de daños patrimoniales</subfield>
</datafield>
<datafield tag="650" ind1=" " ind2="1">
<subfield code="0">MAPA20080611231</subfield>
<subfield code="a">Inversiones extranjeras</subfield>
</datafield>
<datafield tag="651" ind1=" " ind2="1">
<subfield code="0">MAPA20080650919</subfield>
<subfield code="a">Japón</subfield>
</datafield>
<datafield tag="700" ind1="1" ind2=" ">
<subfield code="0">MAPA20080029081</subfield>
<subfield code="a">Ma, Yu-Luen</subfield>
</datafield>
<datafield tag="700" ind1="1" ind2=" ">
<subfield code="0">MAPA20080006679</subfield>
<subfield code="a">Pope, Nat</subfield>
</datafield>
<datafield tag="773" ind1="0" ind2=" ">
<subfield code="w">MAP20077001748</subfield>
<subfield code="t">Risk management & insurance review</subfield>
<subfield code="d">Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-</subfield>
<subfield code="x">1098-1616</subfield>
<subfield code="g">02/04/2012 Tomo 15 Número 1 - 2012 , p. 57-88</subfield>
</datafield>
</record>
</collection>