TECHNICAL, PURE TECHNICAL AND SCALE EFFICIENCY: A NON-PARAMETRIC APPROACH OF PAKISTAN'S INSURANCE AND TAKAFUL INDUSTRY

TECHNICAL, PURE TECHNICAL AND SCALE EFFICIENCY: A NON-PARAMETRIC APPROACH OF PAKISTAN'S INSURANCE AND TAKAFUL INDUSTRY

Data envelopment analysis (DEA) is a non-parametric approach which is used to calculate the Efficiencies (Technical, Pure Technical and Scale efficiencies) of 19 companies of the insurance industry (14 conventional and 5 takaful). Data of these 19 firms are collected from the annual reports of the c...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Academy of Accounting and Financial Studies journal 2018-04, Vol.22, p.1-11
Hauptverfasser: Taib, Che Azlan, Ashraf, Muhammad Saleem, Razimi, Mohd Shahril Bin Ahmad
Format: Artikel
Sprache:eng
Schlagworte:
Annual reports
Comparative analysis
Data envelopment analysis
Economies of scale
Efficiency
Financial institutions
Financial services
Insurance companies
Insurance industry
Islamic financing
Nonparametric statistics
Securities markets
Studies
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
Beschreibung
Zusammenfassung:Data envelopment analysis (DEA) is a non-parametric approach which is used to calculate the Efficiencies (Technical, Pure Technical and Scale efficiencies) of 19 companies of the insurance industry (14 conventional and 5 takaful). Data of these 19 firms are collected from the annual reports of the concerned companies, State bank of Pakistan 's reports and Securities & Exchange Commission of Pakistan for the time period of 2008 to 2016. The results indicated a low level of overall efficiency. The main source of inefficiency was scale efficiency in nature, rather than technical and pure technical efficiency. Most of the firms performing with increasing the return to scale which reflects that there is a roam to increase their efficiency and scope to attain the optimal level of output.
ISSN:1096-3685