摘要
利用随机前沿分析方法对我国16家财险公司1999-2004年的成本效率进行了测算,并分析了影响财险公司成本效率的主要因素。研究结果表明:(1)随着中国保险市场的开放,外资财险公司的成本效率提升明显,而中资公司提升幅度较小;(2)公司规模对财险公司的经营效率有显著的负面影响,而车险业务比重对其有显著的正面影响;(3)中资财险公司的成本效率普遍低于外资财险公司,老公司的成本效率要优于新公司。
With Stochastic Frontier Approach（SFA） and the C-D function model, the paper evaluates the cost efficiencies of Chinese property and casualty insurance companies and analyses the key determinants of cost efficiency. The analysis is applied to a balanced panel of 16 property and casualty insurance companies over the period from 1999 to 2004. The results show that： （ 1 ） With the opening of the Chinese insurance market, the cost efficiencies of foreign insurance companies had improved greatly, but that of domestic companies had improved slightly. （2）Companies with higher invested assets usually had lower efficiencies, but the companies with higher car insurance ratio usually had higher efficiencies. （3）The cost efficiencies of the domestic insurance companies are lower than that of the foreign insurance companies and the young are lower than the old.
出处
《金融研究》
CSSCI
北大核心
2007年第04A期87-99,共13页
Journal of Financial Research
关键词
财产险
成本效率
随机前沿方法
C-D成本函数
property and casualty insurance
cost effficiency
Stochastic Frontier Approach
C-D Cost Function
