Performance analysis and managerial ability in the general insurance market: a study of India and Iran

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dc.authoridAmirteimoori, Alireza/0000-0003-4160-8509
dc.authoridAllahviranloo, Tofigh/0000-0002-6673-3560
dc.authorwosidAmirteimoori, Alireza/I-7703-2019
dc.authorwosidAllahviranloo, Tofigh/V-4843-2019
dc.contributor.authorBanker, Rajiv. D.
dc.contributor.authorAmirteimoori, Alireza
dc.contributor.authorAllahviranloo, Tofigh
dc.contributor.authorSinha, Ram Pratap
dc.date.accessioned2024-05-19T14:40:40Z
dc.date.available2024-05-19T14:40:40Z
dc.date.issued2024
dc.departmentİstinye Üniversitesien_US
dc.description.abstractManagerial ability and managerial efforts play key role in the performance of business enterprises. However, this indicator is not directly observable. The current paper focuses on estimating managerial ability in the context of the Indian and Iranian general insurance sectors. The study is based on 140 firm-year observations in India and 140 firm-year observations in Iran spread over 7 years (2012-13 to 2018-19). For measuring managerial ability, we have used a three-stage procedure that involves the estimation of insurer-wise efficiency using Data Envelopment analysis (DEA) in the first stage and then regression of the logarithm of technical efficiency on a set of explanatory variables. In the final stage, we have estimated managerial ability from regression residuals (the difference between the observed and fitted values of insurer efficiency). In order to test the validity of the relationship between return on equity and managerial ability we use the general additive model (GAM). Our results confirmed that there is a positive relationship between return on equity and managerial ability. Our findings also revealed that the mean technical and output allocative efficiencies and managerial ability of Iranian markets highly fluctuated with a high variance. In contrast, these indicators did not fluctuate much in India.en_US
dc.identifier.doi10.1007/s10799-023-00405-y
dc.identifier.endpage31en_US
dc.identifier.issn1385-951X
dc.identifier.issn1573-7667
dc.identifier.issue1en_US
dc.identifier.scopus2-s2.0-85163427352en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage19en_US
dc.identifier.urihttps://doi.org10.1007/s10799-023-00405-y
dc.identifier.urihttps://hdl.handle.net/20.500.12713/4997
dc.identifier.volume25en_US
dc.identifier.wosWOS:001015955600001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofInformation Technology & Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240519_kaen_US
dc.subjectData Envelopment Analysisen_US
dc.subjectEfficiencyen_US
dc.subjectManagerial Abilityen_US
dc.subjectRegression Analysisen_US
dc.titlePerformance analysis and managerial ability in the general insurance market: a study of India and Iranen_US
dc.typeArticleen_US

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