Cost Efficiency in Australian General Insurers: A Non-Parametric Approach

Worthington, Andrew C.; Hurley, Emily V.

doi:10.1006/bare.2002.0185

Cited by 43 publications

(31 citation statements)

References 31 publications

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“…Occasional other Australian researchers' references have taken the form of brief asides, as part of their introduction to another subject (e.g. Worthington and Hurley, 2002).…”

Section: Academics' Public Interest Attentionmentioning

confidence: 99%

Corporate governance crisis down under: Post-Enron accounting education and research inertia

Parker

2005

European Accounting Review

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Australian and New Zealand accounting academic responses to corporate governance and reporting failures is a story not simply told in the context of high profile international corporate failures such as Enron and WorldCom. This study notes a sequence of major Australian corporate failures that predate Enron and WorldCom. Through research into professional, business and research literature, profession and governmental/regulatory websites, and interviews with senior accounting academics across Australia and New Zealand, it also highlights a tale of limited response by Australian and New Zealand accounting academics and investigates the manifest and latent drivers of this inertia. The corporatisation and commercialisation of universities and related governance processes emerge as root causes of accounting academics' general failure to address recent major breakdowns in corporate governance and reporting in the business world. The paper closes by reviewing opportunities for change in an otherwise embattled environment.Corporate failures, accounting education, corporate governance, accounting academics, teaching, curricula,

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“…Occasional other Australian researchers' references have taken the form of brief asides, as part of their introduction to another subject (e.g. Worthington and Hurley, 2002).…”

Section: Academics' Public Interest Attentionmentioning

confidence: 99%

Corporate governance crisis down under: Post-Enron accounting education and research inertia

Parker

2005

European Accounting Review

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“…They used the variables return to scale DEA methodology on a cross section of 46 insurers in 1998. From a second stage Tobit regression, Worthington and Hurley () argued that the major determinant of cost efficiency in the Australian general insurers is firm size as both small and large firms recorded a positive relationship with cost efficiency.…”

Section: Literature Reviewmentioning

confidence: 99%

Cost efficiency of insurance firms in Ghana

2017

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The huge infrastructural deficit in Africa requires the establishment of an efficient insurance industry in the pursuance of economic development. Unfortunately, global statistics reveal low patronage of insurance in developing countries, thus making its impact limited in the region. To position the industry for economic development, this study utilizes the stochastic frontier technique to undertake a thorough analysis on the cost efficiency of insurers from the perspective of developing economies using Ghana as a case study. The results on the 30 insurers studied from 2005 to 2014 indicate that insurers in Ghana operate with about 53.8% average cost inefficiency. This stands to confirm the long existed low performance perception of Ghanaians about the industry. Factors identified to explain the cost inefficiencies were firm size, market share, capitalization, reinsurance, regulation, and business type. Several policy recommendations that can help boost the cost efficiency of insurers were derived from the results.

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“…Examples of first application studies in some countries: Mansor and Radam (2000) for Malaysia, for Tunisia, Worthington and Hurley (2002) for Australia, Barros and Obijiaku (2007) for Nigeria, etc. The attained results in this field are mixed because the high number of countries and the difference in the employed time period, on which studies investigate.…”

Section: General Level Of Efficiency and Evolution Over Timementioning

confidence: 99%

Efficiency concept and investigations in insurance industry: A survey

Jarraya¹,

Bouri²

2013

msl

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Most recent studies are based on benchmarking analysis allowing the measure of company efficiency relatively to a reference performance. Benchmarking is a helpful tool to analyze and promote efficiency in insurance companies. The fast development of X-efficiency notion makes traditional performance measures (ROA, ROE, etc.) obsolete. Indeed, various methods have been used, various input-output measures have been proposed and various research fields have been explored in insurance company investigation. So, after reviewing most known efficiency concepts and their definitions, this section explores the literature review of two principal points of discussion: the first point is focused on the different used techniques to measure efficiency, including the developed approaches to define inputs, outputs and their prices. The second point represents an overview of efficiency investigations in insurance industry.

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Cost Efficiency in Australian General Insurers: A Non-Parametric Approach

Cited by 43 publications

References 31 publications

Corporate governance crisis down under: Post-Enron accounting education and research inertia

Corporate governance crisis down under: Post-Enron accounting education and research inertia

Cost efficiency of insurance firms in Ghana

Efficiency concept and investigations in insurance industry: A survey

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