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Foreign ownership and non-life insurer efficiency in the japanese marketplace

Recurso electrónico / electronic resource
MARC record
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003  MAP
005  20220911212148.0
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040  ‎$a‎MAP‎$b‎spa‎$d‎MAP
084  ‎$a‎32
1001 ‎$0‎MAPA20110025755‎$a‎Huang, Li-Ying
24510‎$a‎Foreign ownership and non-life insurer efficiency in the japanese marketplace‎$c‎Li-Ying Huang, Yu-Luen Ma, Nat Pope
520  ‎$a‎Traditional 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.
650 1‎$0‎MAPA20080578848‎$a‎Análisis de datos
650 1‎$0‎MAPA20080586294‎$a‎Mercado de seguros
650 1‎$0‎MAPA20080596606‎$a‎Evolución del seguro
650 1‎$0‎MAPA20080573935‎$a‎Seguros no vida
650 1‎$0‎MAPA20080624934‎$a‎Seguro de daños patrimoniales
650 1‎$0‎MAPA20080611231‎$a‎Inversiones extranjeras
651 1‎$0‎MAPA20080650919‎$a‎Japón
7001 ‎$0‎MAPA20080029081‎$a‎Ma, Yu-Luen
7001 ‎$0‎MAPA20080006679‎$a‎Pope, Nat
7730 ‎$w‎MAP20077001748‎$t‎Risk management & insurance review‎$d‎Malden, MA : The American Risk and Insurance Association by Blackwell Publishing, 1999-‎$x‎1098-1616‎$g‎02/04/2012 Tomo 15 Número 1 - 2012 , p. 57-88