Consolidation and efficiency in the US life insurance industry

This paper examines the relationship between mergers and acquisitions, efficiency, and scale economies in the US life insurance industry. We estimate cost and revenue efficiency over the period 1988–1995 using data envelopment analysis (DEA). The Malmquist methodology is used to measure changes in e...

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Veröffentlicht in:	Journal of banking & finance 1999-02, Vol.23 (2), p.325-357
Hauptverfasser:	Cummins, J.David, Tennyson, Sharon, Weiss, Mary A.
Format:	Artikel
Sprache:	eng
Schlagworte:	Acquisitions & mergers Changes Data envelopment analysis Efficiency Hypotheses Insurance industry Life insurance Life insurance companies Mergers and acquisitions Regression analysis Scale economies Studies
Online-Zugang:	Volltext
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