Ownership structure, agency costs, specialization, and efficiency: analysis of Keiretsu and independent insurers in the Japanese nonlife insurance industry

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<title>Ownership structure, agency costs, specialization, and efficiency: analysis of Keiretsu and independent insurers in the Japanese nonlife insurance industry</title>
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<title>The Journal of risk and insurance</title>
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<namePart>Jeng, Vivian</namePart>
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<namePart>Lai, Gene C.</namePart>
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<abstract>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</abstract>
<note type="statement of responsibility">Vivian Jeng, Gene C. Lai</note>
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<topic>Japón</topic>
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<topic>Empresas de seguros</topic>
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<topic>Estructura organizativa</topic>
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<topic>Eficiencia organizativa</topic>
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<topic>Métodos de evaluación</topic>
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<topic>Valoración de empresas</topic>
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<topic>Estadísticas</topic>
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<topic>Seguros no vida</topic>
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<title>The Journal of risk and insurance</title>
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<text>Volume 72, number 1, March 2005 ;  p. 105-158</text>
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