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https://www.um.edu.mt/library/oar/handle/123456789/32140| Title: | A Luenberger index for the Greek life insurance industry |
| Authors: | Pestana Barros, Carlos Nektarios, Milton Peypoch, Nicolas |
| Keywords: | Life insurance -- Greece Life insurance -- Econometric models Data envelopment analysis |
| Issue Date: | 2009 |
| Publisher: | University of Piraeus. International Strategic Management Association |
| Citation: | Pestana Barros, C., Nektarios, M., & Peypoch, N. (2009). A Luenberger index for the Greek life insurance industry. European Research Studies Journal, 12(4), 3-18. |
| Abstract: | This paper uses the Luenberger productivity index to evaluate the productivity changes of Greek Life insurance companies between 1994 and 2003, combining operational and financial variables. It is found that the average annual productivity change was about 19% and was due to technological progress, whereas the impact of efficiency was minimal. It seems that deregulation, established by the Third Insurance Directive in 1994, provoked investments in new technologies which were not matched by superior managerial practices. For comparative purposes, a Malmquist productivity index is estimated. |
| URI: | https://www.um.edu.mt/library/oar//handle/123456789/32140 |
| ISSN: | 11082976 |
| Appears in Collections: | European Research Studies Journal, Volume 12, Issue 4 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| A_Luenberger_index_for_the_Greek_life_insurance_industry_2009.pdf | 503.01 kB | Adobe PDF | View/Open |
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